Michaels (MIK) June option implied volatility elevated into Q1
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Stephens Reiterates Overweight on Michaels Cos. (MIK) Following 1Q
June 15, 2018 7:16 AM EDTStephens reiterated an Overweight rating and $26.00 price target on The Michaels Companies (NASDAQ: MIK) following the company's 1Q earnings report. 1Q EPS of $0.39 beat consensus of $0.38 and the guidance range of $0.36 to $0.38. SSS increased +0.4% versus consensus +0.7%.
Guidance for F18 was unchanged at $2.19 -... More
