Credit Suisse (SIX:CSGN) analyst Seth Sigman maintained a Hold rating on Michaels Companies (NASDAQ:MIK) on Wednesday, setting a price target of $13, which is approximately 13.04% above the present share price of $11.5.
Sigman expects Michaels Companies to post earnings per share (EPS) of -$0.43 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Michaels Companies, with an average price target of $9.31.
The analysts price targets range from a high of $14 to a low of $5.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $799.89 million and a net profit of -$60.68 million. The company's market cap is $1.69 billion.
According to TipRanks.com, Credit Suisse analyst Seth Sigman is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.0% and a 54.59% success rate.
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.