Michaels Companies (MIK) Shares Bought by Tredje AP fonden

Tredje AP fonden lifted its stake in Michaels Companies (NASDAQ:MIK) by 68.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,680 shares of the specialty retailer’s stock after acquiring an additional 14,050 shares during the period. Tredje AP fonden’s holdings in Michaels Companies were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Alambic Investment Management L.P. bought a new stake in shares of Michaels Companies in the 1st quarter worth approximately $511,000. US Bancorp DE raised its holdings in shares of Michaels Companies by 61.4% in the 1st quarter. US Bancorp DE now owns 21,461 shares of the specialty retailer’s stock worth $422,000 after purchasing an additional 8,161 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Michaels Companies by 143.5% in the 1st quarter. Riverhead Capital Management LLC now owns 227,395 shares of the specialty retailer’s stock worth $4,482,000 after purchasing an additional 134,000 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Michaels Companies in the 1st quarter worth approximately $1,675,000. Finally, GW&K Investment Management LLC raised its holdings in shares of Michaels Companies by 9.2% in the 1st quarter. GW&K Investment Management LLC now owns 727,457 shares of the specialty retailer’s stock worth $14,338,000 after purchasing an additional 61,142 shares in the last quarter.

MIK stock opened at $18.96 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.75 and a debt-to-equity ratio of -1.79. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.25. Michaels Companies has a 12 month low of $17.25 and a 12 month high of $27.87.

Michaels Companies (NASDAQ:MIK) last posted its earnings results on Thursday, March 22nd. The specialty retailer reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.02). The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Michaels Companies had a negative return on equity of 24.07% and a net margin of 7.28%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. equities research analysts predict that Michaels Companies will post 2.34 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Michaels Companies from a “strong sell” rating to a “sell” rating in a report on Thursday. BidaskClub lowered shares of Michaels Companies from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. Deutsche Bank cut their price target on shares of Michaels Companies from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, March 23rd. Stephens cut their price target on shares of Michaels Companies from $30.00 to $26.00 and set an “in-line” rating on the stock in a report on Friday, March 23rd. Finally, Loop Capital assumed coverage on shares of Michaels Companies in a report on Thursday, March 1st. They set a “hold” rating and a $25.00 price target on the stock. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.27.

Michaels Companies Profile

The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.

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

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