Clark Estates Inc. NY Takes $3.92 Million Position in Michaels Companies Inc (MIK)

Clark Estates Inc. NY acquired a new position in shares of Michaels Companies Inc (NASDAQ:MIK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 162,000 shares of the specialty retailer’s stock, valued at approximately $3,919,000. Clark Estates Inc. NY owned approximately 0.09% of Michaels Companies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Ingalls & Snyder LLC lifted its stake in shares of Michaels Companies by 24.3% in the 4th quarter. Ingalls & Snyder LLC now owns 597,013 shares of the specialty retailer’s stock valued at $14,442,000 after purchasing an additional 116,551 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Michaels Companies in the 4th quarter valued at $214,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Michaels Companies by 12.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 543,922 shares of the specialty retailer’s stock valued at $13,158,000 after purchasing an additional 59,266 shares during the period. Hikari Power Ltd acquired a new position in shares of Michaels Companies in the 4th quarter valued at $204,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Michaels Companies by 966.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 572,700 shares of the specialty retailer’s stock valued at $12,296,000 after purchasing an additional 518,984 shares during the period.

MIK has been the topic of several research analyst reports. Goldman Sachs Group raised Michaels Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday. BidaskClub downgraded Michaels Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded Michaels Companies from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Deutsche Bank downgraded Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Tuesday, December 12th. Finally, Zacks Investment Research downgraded Michaels Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.63.

Shares of Michaels Companies Inc (NASDAQ MIK) traded up $1.06 during trading on Friday, reaching $26.01. The company had a trading volume of 1,788,251 shares, compared to its average volume of 1,661,431. The firm has a market cap of $4,700.00, a P/E ratio of 13.20, a PEG ratio of 0.93 and a beta of 0.92. Michaels Companies Inc has a twelve month low of $17.25 and a twelve month high of $26.05. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.25.

Michaels Companies (NASDAQ:MIK) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. Michaels Companies had a negative return on equity of 22.16% and a net margin of 7.33%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. equities research analysts predict that Michaels Companies Inc will post 2.17 EPS for the current fiscal year.

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Michaels Companies Profile

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.

Institutional Ownership by Quarter for Michaels Companies (NASDAQ:MIK)

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