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MIK

Michaels

$21.94

0.19 (0.87%)

07:04
06/14/18
06/14
07:04
06/14/18
07:04

Michaels reports Q1 adjusted EPS 39c, consensus 38c

Reports Q1 revenue $1.16B, consensus $1.15B. Comparable store sales increased 0.4% due to an increase in average ticket, partially offset by a decrease in customer transactions in Q1. "Our first quarter results were in-line with our expectations, and our team is executing well against our plans to make it easier for customers to bring their creativity to life," said Chuck Rubin, chairman and CEO. "We continue to operate from a position of financial strength, as the industry leader with healthy operating margins, strong cash flows and high returns on invested capital, and we remain committed to leveraging these strengths to accelerate key initiatives in fiscal 2018 to drive future sales and earnings growth."

  • 14

    Jun

  • 19

    Jun

MIK Michaels
$21.94

0.19 (0.87%)

03/22/18
LOOP
03/22/18
NO CHANGE
Target $21
LOOP
Hold
Michaels price target lowered to $21 from $25 at Loop Capital
Loop Capital analyst Laura Champine lowered her price target for Michaels to $21 citing the company's "weak" margin guidance. The analyst, however, believes the stock already prices in today's lower margin guidance. She keeps a Hold rating on Michaels.
03/23/18
JPMS
03/23/18
NO CHANGE
Target $27
JPMS
Overweight
Michaels pullback yesterday a buying opportunity, says JPMorgan
JPMorgan analyst Christopher Horvers recommends using the pullback yesterday in shares of Michaels as a buying opportunity. While the earnings and operating income guidance was disappointing, the story is intact and the company's digital investments should "widen its lead," Horvers tells investors in a post-earnings research note. Michaels has 12% of its market capitalization in cash, which can be deployed in a 10% accretive accelerated share repurchase or for strategic ends, the analyst contends. He lowered his price target for the shares to $27 from $30 and keeps an Overweight rating on Michaels.
03/23/18
SPHN
03/23/18
NO CHANGE
Target $26
SPHN
Overweight
Michaels price target cut to $26 following Q4 results at Stephens
Stephens analyst Rick Nelson lowered his price target on The Michaels Companies to $26 from $30 following the company's in-line Q4 results. In a research note to investors, Nelson noted that the company's guidance fell well below the consensus, adding that the company is planning to utilize one third of its tax reform benefits to invest in strategic initiatives, like re-formatting 235 stores, and is planning to close 94 Aaron Brothers locations. Nelson continues to like Michaels' high operating margins, strong free cash flow and stock buybacks. Nelson backed his Overweight rating.
04/23/18
WELS
04/23/18
INITIATION
Target $20
WELS
Market Perform
Michaels initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Zachary Fadem started Michaels with a Market Perform rating and $20 price target.

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MSFT

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F

Ford

$11.88

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BMY

Bristol-Myers

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PTCT

PTC Therapeutics

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CYTK

Cytokinetics

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PERY

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VSTM

Verastem

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IQ

iQIYI

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HD

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PAY

Verifone

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CACI

CACI

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  • 21

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ARGX

Argenx

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PTC

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VRX

Valeant

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WMGI

Wright Medical

$25.83

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