Michaels Companies (MIK) Earns Media Sentiment Score of 0.26
Media stories about Michaels Companies (NASDAQ:MIK) have been trending positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Michaels Companies earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.7595761142939 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- Michaels Companies (MIK) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Short-Term Trade Secrets – The Michaels Companies Inc (NASDAQ: MIK) – Alpha Beta Stock (alphabetastock.com)
- Michaels Companies Target of Unusually Large Options Trading (MIK) (americanbankingnews.com)
- Chestnut Hill Realty, Inc. ended 2017 with growth and excitement by adding two new team members (bizjournals.com)
- Form 4 Groupon, Inc. For: Jan 25 Filed by: Randolfi Michael O (streetinsider.com)
Michaels Companies (NASDAQ MIK) traded down $0.77 during trading hours on Friday, reaching $26.13. The company’s stock had a trading volume of 1,644,561 shares, compared to its average volume of 1,680,000. The company has a quick ratio of 0.25, a current ratio of 1.39 and a debt-to-equity ratio of -1.56. Michaels Companies has a twelve month low of $17.25 and a twelve month high of $27.87. The stock has a market capitalization of $4,600.00, a P/E ratio of 13.26, a P/E/G ratio of 0.87 and a beta of 0.99.
A number of analysts have issued reports on MIK shares. ValuEngine raised Michaels Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research raised Michaels Companies from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, November 29th. BidaskClub raised Michaels Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Goldman Sachs Group raised Michaels Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Deutsche Bank downgraded Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.00.
In other news, CEO Carl Rubin sold 220,930 shares of Michaels Companies stock in a transaction on Friday, January 26th. The stock was sold at an average price of $27.15, for a total value of $5,998,249.50. Following the completion of the transaction, the chief executive officer now directly owns 444,796 shares in the company, valued at $12,076,211.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.
About Michaels Companies
The Michaels Companies, Inc (Michaels) is an arts and crafts specialty retailer in North America. The Company’s segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.
Receive News & Ratings for Michaels Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michaels Companies and related companies with MarketBeat.com's FREE daily email newsletter.