In a report released yesterday, Zachary Fadem from Wells Fargo maintained a Hold rating on Michaels Companies (MIK). The company’s shares closed last Thursday at $9.76.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 30.1% and a 77.3% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Michaels Companies with a $14.06 average price target.
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The company has a one-year high of $11.70 and a one-year low of $1.00. Currently, Michaels Companies has an average volume of 3.97M.
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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.
