The Michaels Companies, Inc. MIK was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $18.21 to $19.58 in the past one month time frame.
The move came after the company’s third-quarter 2017 results, especially the bottom line, came in well ahead of expectations.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Michaels Companies. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Michaels Companies currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
The Michaels Companies, Inc. Price
The Michaels Companies, Inc. Price | The Michaels Companies, Inc. Quote
Another stock worth considering in the Retail – Miscellaneous industry is Hibbett Sports, Inc.HIBB which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MIK going up? Or down? Predict to see what others think: Up or Down
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment