Dimensional Fund Advisors LP raised its holdings in The Michaels Companies, Inc. (NASDAQ:MIK) by 38.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 800,960 shares of the specialty retailer’s stock after purchasing an additional 222,529 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.42% of The Michaels Companies worth $14,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Michaels Companies by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,556 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 549 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in shares of The Michaels Companies during the second quarter worth $124,000. Pacer Advisors Inc. raised its position in shares of The Michaels Companies by 5.0% during the second quarter. Pacer Advisors Inc. now owns 8,028 shares of the specialty retailer’s stock worth $149,000 after acquiring an additional 383 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of The Michaels Companies by 24.6% during the second quarter. LS Investment Advisors LLC now owns 8,825 shares of the specialty retailer’s stock worth $163,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of The Michaels Companies by 3.0% during the second quarter. Suntrust Banks Inc. now owns 12,680 shares of the specialty retailer’s stock worth $234,000 after acquiring an additional 368 shares during the last quarter.

Shares of The Michaels Companies, Inc. (MIK) opened at $18.57 on Monday. The company has a market capitalization of $3,360.92, a PE ratio of 9.62, a P/E/G ratio of 0.84 and a beta of 0.86. The company has a quick ratio of 0.26, a current ratio of 1.44 and a debt-to-equity ratio of -1.53. The Michaels Companies, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $25.57.

The Michaels Companies (NASDAQ:MIK) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. The Michaels Companies had a negative return on equity of 22.53% and a net margin of 7.29%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. equities analysts expect that The Michaels Companies, Inc. will post 2.14 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “The Michaels Companies, Inc. (MIK) Shares Bought by Dimensional Fund Advisors LP” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://theolympiareport.com/2017/11/13/the-michaels-companies-inc-mik-shares-bought-by-dimensional-fund-advisors-lp.html.

A number of research firms have recently weighed in on MIK. Piper Jaffray Companies restated a “hold” rating and set a $18.00 target price on shares of The Michaels Companies in a research report on Friday, September 29th. BidaskClub downgraded The Michaels Companies from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. ValuEngine upgraded The Michaels Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Bank of America Corporation restated a “buy” rating and set a $29.00 target price on shares of The Michaels Companies in a research report on Tuesday, September 5th. Finally, Zacks Investment Research downgraded The Michaels Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.29.

The Michaels Companies Profile

The Michaels Companies, Inc (Michaels) is an arts and crafts specialty retailer in North America. The Company’s segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.

Want to see what other hedge funds are holding MIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Michaels Companies, Inc. (NASDAQ:MIK).

Institutional Ownership by Quarter for The Michaels Companies (NASDAQ:MIK)

Receive News & Ratings for The Michaels Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Michaels Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.