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Jupiter Asset Management Ltd. Increases Position in Michaels Companies Inc (MIK)

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26 May, 2017

Its up 0.60, from 0.4 in 2016Q3. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Michaels Companies by 59.9% in the first quarter. The funds in our partner's database now possess: 204.80 million shares, down from 206.08 million shares in 2016Q3.

Putnam Limited Liability Co reported 668,273 shares. Citigroup Inc stated it has 300 shares or 0% of all its holdings. Moreover, Pennant Capital Management Llc has 2.91% invested in the company for 3.65 million shares.

Michaels Companies (NASDAQ:MIK) last issued its quarterly earnings data on Tuesday, March 7th. Russell Investments Group Ltd. acquired a new position in Michaels Companies during the fourth quarter worth about $122,000. Da Davidson & holds 13,677 shares or 0.01% of its portfolio. Wellington Grp Llp, a Massachusetts-based fund reported 1.56 million shares. Clearline Limited Partnership accumulated 48,180 shares. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/05/25/jupiter-asset-management-ltd-increases-position-in-michaels-companies-inc-mik.html. Benjamin F Edwards Company Inc holds 0% of its portfolio in Voxeljet AG (ADR) (NYSE:VJET) for 40 shares.

03/08/2017 - The Michaels Companies, Inc. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. Michaels Companies Inc (NASDAQ:MIK) has declined 29.62% since May 25, 2016 and is downtrending. Legal General Group Inc Public Lc reported 11,445 shares.

William Blair Investment Management LLC bought a new position in shares of Michaels Companies Inc (NASDAQ:MIK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). This translates into $73.03M profit for MIK giving the stock a 12.67 P/E. This is assuming the current $0.39 EPS is accurate. Michaels Companies Inc had 19 analyst reports since August 25, 2015 according to SRatingsIntel. Voxeljet AG (ADR) (NYSE:VJET) has risen 11.23% since May 25, 2016 and is uptrending. It has underperformed by 46.32% the S&P500.

14 analysts on average are expecting The Michaels Companies, Inc.to report earnings of $0.19 per share for the current quarter. Therefore 36% are positive. Taking a look back at some historical performance numbers for The Michaels Companies, Inc. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Macquarie Research maintained Michaels Companies Inc (NASDAQ:MIK) on Friday, December 4 with "Neutral" rating. The rating was maintained by Deutsche Bank with "Buy" on Wednesday, December 7. Goldman Sachs upgraded Michaels Companies Inc (NASDAQ:MIK) on Thursday, January 21 to "Buy" rating. The firm has "Neutral" rating given on Friday, November 4 by Bank of America.

07/19/2016 - The Michaels Companies, Inc. was downgraded to "neutral" by analysts at JP Morgan. California State Teachers Retirement System boosted its position in shares of Michaels Companies by 0.8% in the third quarter. Telsey Advisory Group maintained the stock with "Market Perform" rating in Wednesday, December 7 report.

03/16/2015 - The Michaels Companies, Inc. had its "equal weight" rating reiterated by analysts at Barclays. The stock now has an average rating of "Buy" and an average price target of $28.00.

While looking at the SMA values of The Michaels Companies, Inc. The company has a market cap of $3.69 billion, a P/E ratio of 10.71 and a beta of 1.01. The Company's segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's and Darice. The Price to Sales (P/S) ratio of the stock is 0.72, while P/B (Price to Book) stands at 0. New York State Teachers Retirement System raised its position in shares of Michaels Companies by 1.2% in the fourth quarter. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Michaels Companies, Inc. with MarketBeat.com's FREE daily email newsletter.


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