Published On: Wed, Oct 19th, 2016

Broker Changes For The Michaels Companies, Inc. (NASDAQ:MIK)


Recently stock market analysts have updated their consensus ratings on shares of The Michaels Companies, Inc. (NASDAQ:MIK).

Most recent broker ratings

09/06/2016 – The Michaels Companies, Inc. was upgraded to “outperform” by analysts at Credit Suisse. They now have a USD 29 price target on the stock.

08/26/2016 – The Michaels Companies, Inc. had its “neutral” rating reiterated by analysts at BTIG Research.

08/25/2016 – The Michaels Companies, Inc. had its “buy” rating reiterated by analysts at SunTrust.

07/19/2016 – The Michaels Companies, Inc. was downgraded to “neutral” by analysts at JP Morgan. They now have a USD 30 price target on the stock.

07/14/2016 – The Michaels Companies, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 33 price target on the stock.

06/09/2016 – The Michaels Companies, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 30 price target on the stock.

05/06/2016 – The Michaels Companies, Inc. was downgraded to “neutral” by analysts at Goldman Sachs. They now have a USD 30 price target on the stock.

03/18/2016 – The Michaels Companies, Inc. had its “market perform” rating reiterated by analysts at Telsey Advisory Group. They now have a USD 28 price target on the stock.

03/07/2016 – The Michaels Companies, Inc. was downgraded to “equal-weight” by analysts at Morgan Stanley. They now have a USD 25 price target on the stock.

12/04/2015 – The Michaels Companies, Inc. had its “outperform” rating reiterated by analysts at Raymond James. They now have a USD 27 price target on the stock.

12/04/2015 – The Michaels Companies, Inc. had its “neutral” rating reiterated by analysts at Macquarie. They now have a USD 25 price target on the stock.

03/20/2015 – The Michaels Companies, Inc. had its “buy” rating reiterated by analysts at Nomura. They now have a USD 33 price target on the stock.

03/16/2015 – The Michaels Companies, Inc. had its “equal weight” rating reiterated by analysts at Barclays. They now have a USD 30 price target on the stock.

02/25/2015 – The Michaels Companies, Inc. had its “buy” rating reiterated by analysts at Guggenheim. They now have a USD 33 price target on the stock.

01/21/2015 – The Michaels Companies, Inc. was downgraded to “neutral” by analysts at Zacks. They now have a USD 27.1 price target on the stock.

The Michaels Companies, Inc. has a 50 day moving average of 24.24 and a 200 day moving average of 26.66. The stock’s market capitalization is 4.84B, it has a 52-week low of 19.46 and a 52-week high of 31.36.

The share price of the company (NASDAQ:MIK) was up +0.38% during the last trading session, with a high of 23.70 and the volume of The Michaels Companies, Inc. shares traded was 371314.

The Michaels Companies, Inc. is North America’s specialty provider of arts, crafts, framing, floral, wall decor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of February 27, 2016, the Company owned and operated more than 1,340 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the gift and decor industry. The Company produces a number of exclusive private brands including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist’s Loft, Craft Smart and Loops & Threads.