EPS for The Michaels Companies, Inc. (MIK) Expected At $0.13

August 13, 2018 - By Michele Cranor

The Michaels Companies, Inc. (NASDAQ:MIK) LogoInvestors sentiment increased to 1.32 in Q1 2018. Its up 0.04, from 1.28 in 2017Q4. It improved, as 26 investors sold The Michaels Companies, Inc. shares while 74 reduced holdings. 42 funds opened positions while 90 raised stakes. 190.77 million shares or 1.73% more from 187.52 million shares in 2017Q4 were reported.
Rhumbline Advisers owns 0.01% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 196,633 shares. D E Shaw And Inc accumulated 1.77 million shares or 0.05% of the stock. Hsbc Holdg Public reported 32,668 shares stake. Hancock Com has 0.34% invested in The Michaels Companies, Inc. (NASDAQ:MIK). Legal & General Gru Public Limited Co has 0% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 147,343 shares. Schwab Charles Inv Mgmt accumulated 583,129 shares. Catalyst Capital Advsr Limited Liability Company invested 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). 3.19M were accumulated by State Street. Skylands Cap Limited Co holds 328,100 shares or 0.85% of its portfolio. Citigroup owns 503,567 shares. Fincl Bank Of America Corp De accumulated 1.23 million shares. Advisory Svcs Network Limited Company has invested 0% in The Michaels Companies, Inc. (NASDAQ:MIK). New Mexico Educational Retirement Board, a New Mexico-based fund reported 30,400 shares. Quantitative Systematic Strategies Limited Liability owns 0.14% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 34,554 shares. Quantitative Mngmt Lc owns 461,800 shares or 0.16% of their US portfolio.

Analysts expect The Michaels Companies, Inc. (NASDAQ:MIK) to report $0.13 EPS on August, 30 before the open.They anticipate $0.06 EPS change or 31.58 % from last quarter’s $0.19 EPS. MIK’s profit would be $23.67 million giving it 38.94 P/E if the $0.13 EPS is correct. After having $0.39 EPS previously, The Michaels Companies, Inc.’s analysts see -66.67 % EPS growth. The stock decreased 0.64% or $0.13 during the last trading session, reaching $20.25. About 1.84M shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 3.71% since August 13, 2017 and is downtrending. It has underperformed by 16.28% the S&P500.

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Coverage

Among 9 analysts covering Michaels Companies (NASDAQ:MIK), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Michaels Companies had 11 analyst reports since March 2, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Friday, March 23 by Loop Capital. Piper Jaffray maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Thursday, March 22 with “Sell” rating. The firm earned “Buy” rating on Monday, March 19 by Deutsche Bank. The rating was maintained by Telsey Advisory on Thursday, March 22 with “Buy”. The firm earned “Overweight” rating on Friday, March 23 by Morgan Stanley. The rating was maintained by Stephens with “Buy” on Thursday, March 22. The rating was maintained by JP Morgan with “Overweight” on Friday, March 23. The rating was maintained by Guggenheim on Thursday, March 22 with “Buy”. As per Monday, March 5, the company rating was maintained by Piper Jaffray.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.69 billion. It operates Michaels stores that offer approximately 33,000 stock-keeping units in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,900 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing. It has a 10.81 P/E ratio. The firm also operates Pat Catan's stores that provide approximately 53,000 SKUs, including an assortment of kids craft items, fine art supplies, yarn, floral supplies, scrapbooking materials, home decor, bakeware, and wedding related merchandise.

Another recent and important The Michaels Companies, Inc. (NASDAQ:MIK) news was published by Nasdaq.com which published an article titled: “3 Top Retail Stocks to Buy Right Now” on July 31, 2018.

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Chart

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