The Michaels Comp Cmn (NASDAQ:MIK) shares traded 1.57% up during most recent session to reach at the closing price of $17.46. The stock exchanged hands 2.9 Million shares versus average trading capacity of 2.76 Million shares, yielding a market cap of $2.95 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $21.36 within the next 52-weeks. The mean target projections are based on 11 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have The Michaels Comp Cmn (NASDAQ:MIK) high price target of $26 and with a conservative view have low price target of $13.
Morgan Stanley “Maintained” The Michaels Comp Cmn (NASDAQ:MIK) in a research note issued to investors on 10/11/18 to Overweight with price target of $20.
Additionally on 8/31/18 Deutsche Bank “Maintained” The Michaels Comp Cmn (NASDAQ:MIK) to Hold setting price target at $19 and on 8/31/18 Wells Fargo “Maintained” the stock to Market Perform at $19. Furthermore on 4/24/18 Wells Fargo “Initiates Coverage On” the stock to Market Perform at $20.
On the other hand the company has Relative Strength Index (RSI 14) of 64.69 along with Average True Range (ATR 14) of 0.65, Consequently The Michaels Comp Cmn (NASDAQ:MIK)’s weekly and monthly volatility is 4.20%, 3.93% respectively. The company’s beta value is at 1.02.
In terms of Buy, Sell or Hold recommendations, The Michaels Comp Cmn (NASDAQ:MIK) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts The Michaels Comp Cmn (NASDAQ:MIK)’s minimum EPS for the current quarter is at $0.42 and can go high up to $0.45. The consensus mean EPS for the current quarter is at $0.44 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.44 earnings per share for the same quarter during last year.
Previously The Michaels Comp Cmn (NASDAQ:MIK) reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company posted an earnings surprise of 15.4%.
The Michaels Comp Cmn (NASDAQ:MIK)’s revenue estimates for the current quarter are $1.25 Billion according to 11 number of analysts, for the current quarter the company has high revenue estimates of $1.27 Billion in contradiction of low revenue estimates of $1.23 Billion. For the current year the company’s revenue estimates are $5.26 Billion compared to low analyst estimates of $5.24 Billion and high estimates of $5.31 Billion according to 13 number of analysts.
Currently The Michaels Comp Cmn (NASDAQ:MIK)’s shares owned by insiders are 2.8%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.76%.
The Michaels Comp Cmn (NASDAQ:MIK)’s trailing twelve month revenues are $5.34 Billion, whereas its price to sales ratio for the same period is 0.55. Its book value per share for the most recent quarter is $-9.58 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.73, however its price to cash per share ratio for the same period is 23.96. The stock has 5 year expected PEG ratio of 1.17 whereas its trailing twelve month P/E ratio is 9.21.