EPS for The Michaels Companies, Inc. (MIK) Expected At $0.44

November 11, 2018 - By Margaret Downey

The Michaels Companies, Inc. (NASDAQ:MIK) LogoInvestors sentiment increased to 1.33 in Q2 2018. Its up 0.01, from 1.32 in 2018Q1. It increased, as 28 investors sold The Michaels Companies, Inc. shares while 73 reduced holdings. 48 funds opened positions while 86 raised stakes. 194.44 million shares or 1.92% more from 190.77 million shares in 2018Q1 were reported.
Raymond James & Assoc holds 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK) for 49,819 shares. Parametric Port Associate Ltd stated it has 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Da Davidson & holds 0.01% or 17,841 shares in its portfolio. Barclays Public Limited Com invested in 35,727 shares. State Street Corporation holds 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK) for 3.02M shares. Catalyst Cap Limited Liability Corporation owns 228 shares. 1.48M are owned by Apg Asset Nv. Quantbot Technologies L P holds 0% or 3,237 shares in its portfolio. Cornerstone Advsr stated it has 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Tennessee-based Ftb Advsrs has invested 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Gsa Cap Llp reported 88,410 shares. Piedmont Advisors Limited Co accumulated 36 shares. Morgan Stanley holds 0% in The Michaels Companies, Inc. (NASDAQ:MIK) or 278,374 shares. Envestnet Asset Management reported 6,771 shares. Cooper Creek Prns Management Limited Liability Co invested in 303,565 shares or 3.36% of the stock.

Analysts expect The Michaels Companies, Inc. (NASDAQ:MIK) to report $0.44 EPS on November, 29.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.44 EPS. MIK’s profit would be $75.41M giving it 10.07 P/E if the $0.44 EPS is correct. After having $0.15 EPS previously, The Michaels Companies, Inc.’s analysts see 193.33 % EPS growth. The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.72. About 2.03M shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 20.20% since November 11, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

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

Among 3 analysts covering Michaels Companies (NASDAQ:MIK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Michaels Companies had 3 analyst reports since August 31, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, October 11. The firm has “Hold” rating by Deutsche Bank given on Friday, August 31. Wells Fargo maintained The Michaels Companies, Inc. (NASDAQ:MIK) rating on Friday, August 31. Wells Fargo has “Market Perform” rating and $19 target.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.04 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 9.56 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.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.