1.36 is Michaels Stores Inc’s (NASDAQ:MIK) Institutional Investor Sentiment

January 23, 2018 - By Migdalia James

 1.36 is Michaels Stores Inc's (NASDAQ:MIK) Institutional Investor Sentiment

Sentiment for Michaels Stores Inc (NASDAQ:MIK)

Michaels Stores Inc (NASDAQ:MIK) institutional sentiment decreased to 1.36 in 2017 Q3. Its down -0.45, from 1.81 in 2017Q2. The ratio dropped, as 122 hedge funds increased and opened new holdings, while 90 sold and reduced positions in Michaels Stores Inc. The hedge funds in our partner’s database now own: 187.41 million shares, down from 190.43 million shares in 2017Q2. Also, the number of hedge funds holding Michaels Stores Inc in their top 10 holdings was flat from 4 to 4 for the same number . Sold All: 27 Reduced: 63 Increased: 80 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 $4.73 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 13.09 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 decreased 0.19% or $0.05 during the last trading session, reaching $26.11. About 321,160 shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 29.62% since January 23, 2017 and is downtrending. It has underperformed by 46.32% the S&P500.

Analysts await The Michaels Companies, Inc. (NASDAQ:MIK) to report earnings on March, 6. They expect $1.18 earnings per share, up 22.92 % or $0.22 from last year’s $0.96 per share. MIK’s profit will be $213.86M for 5.53 P/E if the $1.18 EPS becomes a reality. After $0.44 actual earnings per share reported by The Michaels Companies, Inc. for the previous quarter, Wall Street now forecasts 168.18 % EPS growth.

Bain Capital Investors Llc holds 21.95% of its portfolio in The Michaels Companies, Inc. for 52.80 million shares. Reinhart Partners Inc. owns 1.48 million shares or 3.35% of their US portfolio. Moreover, Pennant Capital Management Llc has 3.34% invested in the company for 2.53 million shares. The California-based Kestrel Investment Management Corp has invested 3.23% in the stock. Highfields Capital Management Lp, a Massachusetts-based fund reported 16.29 million shares.#img1#

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

Ratings analysis reveals 60% of Michaels Companies Inc’s analysts are positive. Out of 15 Wall Street analysts rating Michaels Companies Inc, 9 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $16.0 while the high is $32. The stock’s average target of $26.36 is 0.96% above today’s ($26.11) share price. MIK was included in 32 notes of analysts from August 25, 2015. The firm has “Neutral” rating given on Tuesday, July 19 by JP Morgan. The rating was upgraded by Goldman Sachs on Thursday, January 21 to “Buy”. The firm has “Market Perform” rating given on Wednesday, December 7 by Raymond James. On Thursday, August 24 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was downgraded by Morgan Stanley on Monday, March 7 to “Equal-Weight”. SunTrust maintained the shares of MIK in report on Monday, October 16 with “Buy” rating. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, September 6. The rating was maintained by Morgan Stanley on Monday, June 12 with “Buy”. The firm has “Buy” rating given on Friday, March 18 by Goldman Sachs. Suntrust Robinson maintained the stock with “Buy” rating in Tuesday, August 25 report.

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