The Michaels Companies, Inc. stock performance trend indicates that the stock price has rallied 8.56% 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 -8.15% . Looking at the past 52 week period, the stock price is down -19.27% . 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 -30.81 compared to overall market performance.The Michaels Companies, Inc. is having a Relative Strength Index of 61.69 which indicates the stock is not yet over sold or over bought based on the technical indicators.
The Michaels Companies, Inc. (NASDAQ:MIK) has climbed 0.32% in the past week and advanced 6.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.08% and the outperformance has advanced to 5.62% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. The Michaels Companies, Inc. (NASDAQ:MIK) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.2 points or 0.89% at $22.2 with 1,273,252 shares getting traded. Post opening the session at $22.82, the shares hit an intraday low of $22.14 and an intraday high of $22.82 and the price was in this range throughout the day. The company has a market cap of $4,193 million and the number of outstanding shares has been calculated to be 188,894,380 shares. The 52-week high of The Michaels Companies, Inc. (NASDAQ:MIK) is $31.365 and the 52-week low is $19.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Michaels Companies Inc was Upgraded by BofA/Merrill to Buy on Mar 8, 2017. Michaels Companies Inc was Upgraded by Morgan Stanley to Overweight on Jan 17, 2017.
Company has reported several Insider transactions to the SEC, on Mar 10, 2017, Charles M Sonsteby (Vice Chairman) sold 38,754 shares at 22.12 per share price.On Mar 9, 2017, Philo Pappas (EVP-Category Management) sold 32,020 shares at 22.00 per share price.On Jul 20, 2016, Joshua Bekenstein (director 10% owner) sold 5,179,885 shares at 27.71 per share price.
Michaels Companies Inc Last issued its quarterly earnings results on Mar 7, 2017. The company reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.95. The company had revenue of $1750.90 million for the quarter, compared to analysts expectations of $1761.38 million. The companys revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
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.