Shares of The Michaels Companies Inc. (NASDAQ:MIK) traded today at $18.98, eclipsing its 52-week high. Approximately 2.2 million shares have changed hands today, as compared to an average 30-day volume of 4.8 million shares.
The Michaels Companies Inc is an arts and crafts specialty retailer in North America. The company provides materials, project ideas, and education for creative activities like crafting classes, store events, store displays, mobile applications, and online videos. The company sells merchandise through two stores: Michaels and Aaron Brothers. Michaels’ revenue segments are general crafts, home decor and seasonal, Custom and ready-made framing, and paper crafting. Aaron Brothers offer unique framing assortments. The company operates its own distribution network through a wholly owned subsidiary to supply merchandise in the stores.
The Michaels Companies Inc. share prices have moved between a 52-week high of $18.98 and a 52-week low of $1.00 and are now trading 1,678% above that low price at $17.77 per share.
There is potential upside of 3.7% for shares of The Michaels Companies Inc. based on a current price of $17.77 and an average consensus analyst price target of $18.44.
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