Analyst Upgrades – The Michaels Companies (NASDAQ:MIK) Stock Gets Upgraded By J P Morgan Chase & Co from Neutral to Overweight

ME Staff
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Analyst Ratings For The Michaels Companies (NASDAQ:MIK)

Today, The Michaels Companies (NASDAQ:MIK) stock received an upgrade by J P Morgan Chase & Co from Neutral to Overweight.

There are 4 hold ratings, 7 buy ratings on the stock.

The current consensus rating on The Michaels Companies (NASDAQ:MIK) is Buy (Score: 2.64) with a consensus target price of $25.83 per share, a potential 35.82% upside.

Some recent analyst ratings include

  • 7/24/2017-J P Morgan Chase & Co Upgrade from a “Neutral ” rating to a ” Overweight” rating.
  • 6/21/2017-Guggenheim Reiterated Rating of Buy.
  • 6/16/2017-Bank of America Corporation Reiterated Rating of Buy.
  • 6/13/2017-Morgan Stanley Reiterated Rating of Overweight.
  • 3/27/2017-Piper Jaffray Companies was Downgraded by analysts at Piper Jaffray Companies from a “Overweight ” rating to a ” Neutral” rating.

Recent Insider Trading Activity For The Michaels Companies (NASDAQ:MIK)
The Michaels Companies (NASDAQ:MIK) has insider ownership of 1.50% and institutional ownership of 98.43%.

  • On 3/9/2017 Charles M Sonsteby, Vice Chairman, sold 38,754 with an average share price of $22.12 per share and the total transaction amounting to $857,238.48. View SEC Filing
  • On 3/8/2017 Philo Pappas, EVP, sold 32,020 with an average share price of $22.00 per share and the total transaction amounting to $704,440.00. View SEC Filing
  • On 1/27/2017 Blackstone Management Associat, Major Shareholder, sold 18,000,000 with an average share price of $21.28 per share and the total transaction amounting to $383,040,000.00. View SEC Filing
  • On 12/16/2016 Blackstone Management Associat, Major Shareholder, sold 12,000,000 with an average share price of $22.04 per share and the total transaction amounting to $264,480,000.00. View SEC Filing
  • On 12/2/2016 Philo Pappas, EVP, sold 1,152 with an average share price of $23.92 per share and the total transaction amounting to $27,555.84. View SEC Filing
  • On 8/16/2016 Philo Pappas, EVP, sold 1,756 with an average share price of $25.48 per share and the total transaction amounting to $44,742.88. View SEC Filing
  • On 7/18/2016 Blackstone Management Associat, Major Shareholder, sold 5,500,000 with an average share price of $27.71 per share and the total transaction amounting to $152,405,000.00. View SEC Filing

Recent Trading Activity for The Michaels Companies (NASDAQ:MIK)
Shares of The Michaels Companies closed the previous trading session at 19.02 up +0.22 1.17% with 1,558,369 shares trading hands.