The Michaels Companies, Inc. MIK was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 12.8% in the past one-month time frame.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
The Michaels Companies currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
The Michaels Companies, Inc. Price
The Michaels Companies, Inc. Price | The Michaels Companies, Inc. Quote
A better-ranked stock in the Retail - Miscellaneous industry is MarineMax, Inc. HZO, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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