Michaels Companies (MIK) Receives a Rating Update from a Top Analyst

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Michaels Companies (MIK) yesterday. The company’s shares closed last Wednesday at $14.65.

According to TipRanks.com, Fadem is a top 100 analyst with an average return of 31.3% and a 77.1% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.

Currently, the analyst consensus on Michaels Companies is a Hold with an average price target of $13.63.

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Michaels Companies’ market cap is currently $1.92B and has a P/E ratio of 8.90. The company has a Price to Book ratio of -1.25.

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Michaels Cos., Inc. is an arts and crafts specialty retailer, which engages in the provision of materials, project ideas, and education for creative activities. It operates through the following segments: Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s, and Darice. The company was founded by Michael Dupey in 1973 and is headquartered in Irving, TX.

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