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MIK

Michaels

$18.60

-3.34 (-15.22%)

10:21
06/14/18
06/14
10:21
06/14/18
10:21

Michaels 'deserves to be cheap,' says Loop Capital

Following this morning's Q1 results, Loop Capital analyst Laura Champine believes Michaels "deserves to be cheap." The analyst lowered her price target for the shares to $19 from $20 and keeps a Hold rating on the name. Champine says that though Michaels expects e-commerce to remain at a single-digit percentage of its revenues, she's beginning to believe the industry's penetration online is higher and growing more rapidly, pressuring the company's comp. She views the outlook for Q2 as disappointing.

  • 14

    Jun

  • 19

    Jun

MIK Michaels
$18.60

-3.34 (-15.22%)

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.

TODAY'S FREE FLY STORIES

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Duke Energy

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JNJ

Johnson & Johnson

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UAL

United Continental

$89.94

0.8 (0.90%)

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XLE

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$75.11

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$53.04

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Week ending ETF Scorecard: Materials outperform, Utlilites slump »

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SPDR Gold Trust

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iShares 20+ Year Treasury Bond Fund

$117.12

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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

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NEM

Newmont Mining

$31.56

0.05 (0.16%)

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CB

Chubb

$139.87

-0.05 (-0.04%)

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

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VYGR

Voyager Therapeutics

$18.21

-0.27 (-1.46%)

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GNRC

Generac

$57.99

-0.02 (-0.03%)

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

, IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

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HRS

Harris

$164.33

1.685 (1.04%)

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PMBC

Pacific Mercantile Bancorp

$9.25

-0.5 (-5.13%)

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WSC

WillScot

$17.10

-0.05 (-0.29%)

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DTEA

DAVIDsTEA

$2.50

-0.9 (-26.47%)

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NYT

New York Times

$23.45

0.3 (1.30%)

, EXPE

Expedia

$133.73

-0.77 (-0.57%)

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NYT

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$23.45

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EXPE

Expedia

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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

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  • 24

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

17:01
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Conference/Events
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ANDV

Andeavor

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  • 24

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EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

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SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

, USO

United States Oil Fund

$14.95

0.145 (0.98%)

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SPDR S&P 500 ETF Trust

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GLD

SPDR Gold Trust

$113.48

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FXE

Euro Currency Trust

$112.55

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FXC

CurrencyShares Canadian Dollar Trust

$76.37

-0.09 (-0.12%)

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