Back to top

Image: Bigstock

The Michaels Companies (MIK) Catches Eye: Stock Jumps 9%

Read MoreHide Full Article

The Michaels Companies, Inc. (MIK - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 59.4% in the past one-month time frame.

The company has seen one negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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 #3 (Hold) while its Earnings ESP is negative.

The Michaels Companies, Inc. Price

Investors interested in the Retail - Miscellaneous industry may consider Office Depot, Inc. (ODP - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Office Depot, Inc. (ODP) - free report >>

The Michaels Companies, Inc. (MIK) - free report >>