Stock price performance of The Michaels Companies, Inc. is analyzed for various periods using several stock trading signals. The stock price have dropped -13.26% 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 -22.24% . Looking at the past 52 week period, the stock price is down -7.29% . 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. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 6.5% and the 50-Day Moving Average is 12.54%.The 200 Day SMA reached 22.4%
The Michaels Companies, Inc. is having a Relative Strength Index of 36.96 which indicates the stock is not yet over sold or over bought based on the technical indicators. Stocks of The Michaels Companies, Inc. (NASDAQ:MIK) rallied by 1.38% during the past week but lost 3.69% on a 4-week basis. The company has outperformed the S&P 500 by 1.26% in the past week but underperformed the index by 4.55% in the last 4 weeks.
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.
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 .
The Michaels Companies, Inc. (NASDAQ:MIK) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.19 points or 0.95% at $19.83 with 1,891,012 shares getting traded. Post opening the session at $20.04, the shares hit an intraday low of $19.76 and an intraday high of $20.45 and the price was in this range throughout the day. The company has a market cap of $3,993 million and the number of outstanding shares has been calculated to be 201,385,560 shares. The 52-week high of The Michaels Companies, Inc. (NASDAQ:MIK) is $31.365 and the 52-week low is $19.
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.