Sentiment for Michaels Stores Inc (NASDAQ:MIK)
Michaels Stores Inc (NASDAQ:MIK) institutional sentiment decreased to 0.9 in 2019 Q2. Its down -0.63, from 1.53 in 2019Q1. The ratio dived, as 97 funds increased and started new positions, while 108 reduced and sold their stakes in Michaels Stores Inc. The funds in our partner’s database now own: 170.44 million shares, down from 178.47 million shares in 2019Q1. Also, the number of funds holding Michaels Stores Inc in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 40 Reduced: 68 Increased: 69 New Position: 28.
The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $1.13 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 3.56 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 0.76% or $0.05 during the last trading session, reaching $7.28. About 4.76 million shares traded or 19.72% up from the average. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 66.31% since December 4, 2018 and is downtrending. It has underperformed by 66.31% the S&P500.
Analysts await The Michaels Companies, Inc. (NASDAQ:MIK) to report earnings on December, 5 before the open. They expect $0.49 EPS, up 2.08 % or $0.01 from last year’s $0.48 per share. MIK’s profit will be $76.13M for 3.71 P/E if the $0.49 EPS becomes a reality. After $0.19 actual EPS reported by The Michaels Companies, Inc. for the previous quarter, Wall Street now forecasts 157.89 % EPS growth.
Bain Capital Investors Llc holds 22.19% of its portfolio in The Michaels Companies, Inc. for 52.80 million shares. Bernzott Capital Advisors owns 2.05 million shares or 2.14% of their US portfolio. Moreover, Reinhart Partners Inc. has 1.53% invested in the company for 2.00 million shares. The California-based Kestrel Investment Management Corp has invested 1.37% in the stock. Knott David M, a New York-based fund reported 300,000 shares.
More notable recent The Michaels Companies, Inc. (NASDAQ:MIK) news were published by: Finance.Yahoo.com which released: “Is The Michaels Companies, Inc.â€™s (NASDAQ:MIK) 25% ROCE Any Good? – Yahoo Finance” on August 13, 2019, also Bizjournals.com with their article: “Michaels to acquire rights to 40 store leases, intellectual property as part of $58M deal – Dallas Business Journal” published on November 25, 2019, Nasdaq.com published: “Top Ranked Value Stocks to Buy for November 29th – Nasdaq” on November 29, 2019. More interesting news about The Michaels Companies, Inc. (NASDAQ:MIK) were released by: Finance.Yahoo.com and their article: “The Michaels Companies, Inc. (NASDAQ:MIK): Poised For Long Term Success? – Yahoo Finance” published on September 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “Are Insiders Buying The Michaels Companies, Inc. (NASDAQ:MIK) Stock? – Yahoo Finance” with publication date: November 04, 2019.
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.