Reaffirmed: Michaels Stores (MIK) “Market Perform” Rating Maintained by equity analysts Telsey Advisory Group; $26.0 Target in Place

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Michaels Stores (MIK) Rating Reaffirmed

In a recent research report finalized this morning, Telsey Advisory Group reaffirmed their “Market Perform” rating on Michaels Stores (MIK) shares. The TP means a possible upside of 19.87% from firm’s closing share price.

The stock decreased 1.00% or $0.22 on December 3, striking $21.69. Approximately shares of stock traded hands. Michaels Companies Inc (MIK) has declined 17.37% since May 1, 2015 and is downtrending. It has underperformed by 14.59% the S&P500.

Reaffirmed: Michaels Stores (MIK)

The Michaels Companies, Inc. is an arts and crafts specialty retailer in North America. The company has a market cap of $4.51 billion. The Firm owns and operates a chain of retail stores in 49 states and Canada featuring arts, crafts, framing, floral, home decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. It has 15.3 P/E ratio. The Firm also operates a vertically integrated custom framing business.

According to Zacks Investment Research, “The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Company’s stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and children’s 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), Artist’s Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas.” Get a free copy of the Zacks research report on Michaels Companies Inc (MIK).

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