The Michaels Companies, Inc. s in-depth stock price analysis indicates that the stock price has dropped -14.42% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -17.47% . Looking at the past 52 week period, the stock price is down -1.67% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of The Michaels Companies, Inc. has a negative value of -26.89 compared to overall market performance. The Michaels Companies, Inc. (NASDAQ:MIK) has climbed 4.14% in the past week and advanced 0.63% in the last 4 weeks. The company has outperformed the S&P 500 by 3.3% in the past week but underperformed the index by 1.17% in the last 4 weeks.
The Michaels Companies, Inc. (NASDAQ:MIK) : On Friday heightened volatility was witnessed in The Michaels Companies, Inc. (NASDAQ:MIK) which led to swings in the share price. The stock opened for trading at $20.63 and hit $20.74 on the upside , eventually ending the session at $20.65, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 1,596,889 shares. The 52-week high of the share price is $31.365 and the company has a market cap of $4,159 million. The 52-week low of the share price is at $19 .
Michaels Companies Inc Last issued its quarterly earnings results on Dec 6, 2016. The company reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.43. The company had revenue of $1227.20 million for the quarter, compared to analysts expectations of $1256.79 million. The companys revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Michaels Companies Inc was Upgraded by Morgan Stanley to Overweight on Jan 17, 2017. Michaels Companies Inc was Downgraded by Raymond James to Mkt Perform on Dec 7, 2016. Michaels Companies Inc was Reiterated by Telsey Advisory Group on Dec 7, 2016 to Market Perform, Lowers Price Target to $ 27 from a previous price target of $28 .
Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Philo Pappas (EVP-Category Management) sold 1,152 shares at 23.92 per share price.On Jul 20, 2016, Joshua Bekenstein (director 10% owner) sold 5,179,885 shares at 27.71 per share price.On Jul 20, 2016, Matthew S Levin (director 10% owner) sold 5,179,885 shares at 27.71 per share price.
The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Companys stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and childrens hobbies. It produces 11 exclusive private brands including Recollections(R), Studio Decor(R), Bead Landing(R), Creatology(R), Ashland(R), Celebrate It(R), Art Minds(R), Artists Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas.