Michaels Stores Inc (NASDAQ:MIK) Institutional Investor Sentiment Trend

June 14, 2018 - By Adrian Erickson

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

Sentiment for Michaels Stores Inc (NASDAQ:MIK)

Michaels Stores Inc (NASDAQ:MIK) institutional sentiment increased to 1.32 in Q1 2018. Its up 0.04, from 1.28 in 2017Q4. The ratio is more positive, as 132 investment professionals increased or started new equity positions, while 100 decreased and sold holdings in Michaels Stores Inc. The investment professionals in our partner’s database reported: 190.77 million shares, up from 187.52 million shares in 2017Q4. Also, the number of investment professionals holding Michaels Stores Inc in their top 10 equity positions decreased from 6 to 3 for a decrease of 3. Sold All: 26 Reduced: 74 Increased: 90 New Position: 42.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.99 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 10.46 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 0.87% or $0.19 during the last trading session, reaching $21.93. About 4.39M shares traded or 112.37% up from the average. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 3.71% since June 14, 2017 and is downtrending. It has underperformed by 16.28% the S&P500.

Bain Capital Investors Llc holds 26.59% of its portfolio in The Michaels Companies, Inc. for 52.80 million shares. Tyvor Capital Llc owns 1.23 million shares or 4.79% of their US portfolio. Moreover, Kestrel Investment Management Corp has 2.96% invested in the company for 398,575 shares. The California-based Bernzott Capital Advisors has invested 2.8% in the stock. Reinhart Partners Inc., a Wisconsin-based fund reported 1.24 million shares.

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

Ratings analysis reveals 73% of Michaels Companies’s analysts are positive. Out of 11 Wall Street analysts rating Michaels Companies, 8 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $1500 while the high is $32.0. The stock’s average target of $24.20 is 10.35% above today’s ($21.93) share price. MIK was included in 14 notes of analysts from January 3, 2018. The firm earned “Buy” rating on Thursday, March 22 by Guggenheim. Telsey Advisory Group upgraded The Michaels Companies, Inc. (NASDAQ:MIK) on Thursday, January 25 to “Outperform” rating. The firm earned “Buy” rating on Monday, March 19 by Deutsche Bank. The firm earned “Sell” rating on Monday, March 5 by Piper Jaffray. The firm earned “Overweight” rating on Friday, March 23 by JP Morgan. The firm has “Buy” rating given on Wednesday, January 3 by Guggenheim. The stock has “Buy” rating by Goldman Sachs on Tuesday, January 16. The firm earned “Buy” rating on Thursday, March 22 by Stephens. Morgan Stanley maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Friday, March 23 with “Overweight” rating. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) has “Sell” rating given on Thursday, March 22 by Piper Jaffray.

More important recent The Michaels Companies, Inc. (NASDAQ:MIK) news were published by: Streetinsider.com which released: “Michaels Cos. (MIK) Tops Q1 EPS by 1c, Reaffirms FY18 Guidance” on June 14, 2018, also Businesswire.com published article titled: “The Michaels Companies Announces First Quarter 2018 Results”, Nasdaq.com published: “3 Things to Watch in the Stock Market This Week” on June 10, 2018. More interesting news about The Michaels Companies, Inc. (NASDAQ:MIK) was released by: Benzinga.com and their article: “23 Stocks Moving In Thursday’s Pre-Market Session” with publication date: June 14, 2018.

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

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