Michaels Stores Inc (NASDAQ:MIK): Institutional Investor Sentiment Up to 1.28

April 18, 2018 - By Louis Casey

The Michaels Companies, Inc. (NASDAQ:MIK) Logo

Sentiment for Michaels Stores Inc (NASDAQ:MIK)

Michaels Stores Inc (NASDAQ:MIK) institutional sentiment decreased to 1.28 in 2017 Q4. Its down -0.08, from 1.36 in 2017Q3. The ratio worsened, as 128 hedge funds increased or opened new holdings, while 100 decreased and sold stakes in Michaels Stores Inc. The hedge funds in our partner’s database now have: 187.52 million shares, up from 187.41 million shares in 2017Q3. Also, the number of hedge funds holding Michaels Stores Inc in their top 10 holdings increased from 4 to 6 for an increase of 2. Sold All: 24 Reduced: 76 Increased: 76 New Position: 52.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.39 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 8.9 P/E ratio. The firm also operates Pat CatanÂ’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 stock increased 1.14% or $0.21 during the last trading session, reaching $18.65. About 2.62M shares traded or 20.57% up from the average. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 10.60% since April 18, 2017 and is downtrending. It has underperformed by 22.15% the S&P500.

Analysts await The Michaels Companies, Inc. (NASDAQ:MIK) to report earnings on June, 5. They expect $0.38 EPS, 0.00 % or $0.00 from last year’s $0.38 per share. MIK’s profit will be $69.13 million for 12.27 P/E if the $0.38 EPS becomes a reality. After $1.19 actual EPS reported by The Michaels Companies, Inc. for the previous quarter, Wall Street now forecasts -68.07 % negative EPS growth.

Bain Capital Investors Llc holds 28.34% of its portfolio in The Michaels Companies, Inc. for 52.80 million shares. Tyvor Capital Llc owns 734,142 shares or 5.57% of their US portfolio. Moreover, Reinhart Partners Inc. has 3.67% invested in the company for 1.53 million shares. The California-based Kestrel Investment Management Corp has invested 3.45% in the stock. Bernzott Capital Advisors, a California-based fund reported 1.04 million shares.#img1#

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

Ratings analysis reveals 67% of Michaels Companies’s analysts are positive. Out of 12 Wall Street analysts rating Michaels Companies, 8 give it “Buy”, 2 “Sell” rating, while 2 recommend “Hold”. The lowest target is $1500 while the high is $32.0. The stock’s average target of $24.67 is 32.28% above today’s ($18.65) share price. MIK was included in 17 notes of analysts from October 27, 2017. The company was maintained on Thursday, March 22 by Telsey Advisory. The firm has “Buy” rating by Guggenheim given on Wednesday, January 3. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) has “Underweight” rating given on Friday, October 27 by PiperJaffray. The rating was maintained by Piper Jaffray with “Sell” on Thursday, March 22. The rating was upgraded by Goldman Sachs on Tuesday, January 16 to “Buy”. Piper Jaffray downgraded The Michaels Companies, Inc. (NASDAQ:MIK) rating on Friday, October 27. Piper Jaffray has “Sell” rating and $16.0 target. The company was maintained on Thursday, March 22 by Stephens. As per Monday, March 19, the company rating was maintained by Deutsche Bank. Morgan Stanley maintained it with “Overweight” rating and $25 target in Friday, March 23 report. Loop Capital maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Friday, March 23 with “Hold” rating.

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.