Zacks Investment Research downgraded shares of MICHAELS COS (MIK) from OUTPERFORM to NEUTRAL on January 21, 2015, with a target price of $27.10.
The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Company's stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home d cor, seasonal offerings, and children’s hobbies. It produces 11 exclusive private brands including Recollections(R), Studio Decor(R), Bead Landing(R), Creatology(R), Ashland(R), Celebrate It(R), Art Minds(R), Artist’s Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas.
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