About Michaels Companies
The Michaels Companies, Inc. is North America's specialty provider of arts, crafts, framing, floral, wall decor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of February 27, 2016, the Company owned and operated more than 1,340 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan's. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the gift and decor industry. The Company produces a number of exclusive private brands including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart and Loops & Threads.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: N/A
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: MIK
- Previous Close: $21.09
- 50 Day Moving Average: $20.57
- 200 Day Moving Average: $22.94
- 52-Week Range: $19.00 - $31.36
- Trailing P/E Ratio: 12.04
- Foreward P/E Ratio: 10.34
- P/E Growth: 0.56
- Market Cap: $4.32B
- Outstanding Shares: 204,607,000
- Beta: 1.01
- Net Margins: 7.15%
- Return on Equity: -22.27%
- Return on Assets: 18.28%
Companies Related to Michaels Companies:
- Debt-to-Equity Ratio: -1.65%
- Current Ratio: 1.52%
- Quick Ratio: 0.27%
What is Michaels Companies' stock symbol?
Michaels Companies trades on the NASDAQ under the ticker symbol "MIK."
Where is Michaels Companies' stock going? Where will Michaels Companies' stock price be in 2017?
13 brokerages have issued 1-year price objectives for Michaels Companies' stock. Their predictions range from $25.00 to $33.00. On average, they expect Michaels Companies' stock price to reach $29.20 in the next twelve months.
When will Michaels Companies announce their earnings?
Michaels Companies is scheduled to release their next quarterly earnings announcement on Wednesday, March, 15th 2017.
What are analysts saying about Michaels Companies stock?
Here are some recent quotes from research analysts about Michaels Companies stock:
According to Zacks Investment Research, "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 décor, 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. " (2/8/2017)
Credit Suisse Group analysts commented, "Having spent time with management and visiting stores recently, we are more confident that Q3 comps of ~1 percent (mid-point), and Q4 comps of 2 percent will be achievable," analyst Seth Sigman wrote in a note.Further, Sigman expects an improvement in margins in the fourth quarter, driven by an initial wave of lower cost benefits and the contribution from Lamrite as Michaels sells through that product.Related Link: Barron's Picks And Pans: Good News For Barnes & Noble And Zoetis, But "Beware The Bear"Apart from forex gains, the company faces less demand cyclicality, less e-commerce risk and continued growth in traffic.Sigman also highlighted consolidation optionality, which has been a big positive for leaders in other sectors. On the consolidation front, the analyst sees "hundreds of millions of dollars up for grabs over time."The analyst projects EPS of $1.95 in 2016 implies 13 percent growth, and $2.15 in 2017 implies 10 percent, with optionality from sourcing initiatives, the integration of Lamrite, new B2B growth opportunities, and capital return, which are not fully in these numbers."In a base case, MIK can generate 3–4 percent sales growth, 6–7 percent EBITDA growth, 10+ percent EPS growth," (9/6/2016)
J P Morgan Chase & Co analysts commented, "[W]e also note that the PE sponsors still own 50 percent of the stock and sold shares into a negative preannouncement vs. Street consensus last week, which is concerning, in our view," analyst Christopher Horvers wrote in a note.In addition, there is a tough second-half setup with underlying trends' guided acceleration. The current consensus comps for the third and fourth quarter imply this underlying trend will speed up to about 2.5 percent in the back-half, with two-year "stacks" stepping up materially in the fourth quarter.Related Link: Jim Cramer Says Michaels Stores Are In The Wrong Place On Earth"If MIK held the estimated underlying trend from 2Q in 2H16, this would imply comps in the 1.0–1.5 percent range vs. current consensus of 2.9 percent and 2.7 percent in 3Q16 and 4Q16, respectively," (7/19/2016)
Who owns Michaels Companies stock?
Michaels Companies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bain Capital Investors LLC (25.81%), Highfields Capital Management LP (5.70%), State Street Corp (1.33%), Janus Capital Management LLC (0.92%), Fiera Capital Corp (0.80%) and FMR LLC (0.53%). Company insiders that own Michaels Companies stock include Blackstone Group Management L, Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Dennis A Mullahy, Joshua Bekenstein, Lance A Weibye, Lewis Klessel, Michael J Veitenheimer, Philo Pappas, Stephen Jon Carlotti, Theodore J Bachmeier and Thomas C Decaro.
Who sold Michaels Companies stock? Who is selling Michaels Companies stock?
Michaels Companies' stock was sold by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Putnam Investments LLC, Marshall Wace LLP, AQR Capital Management LLC, Allianz Asset Management AG, Cantab Capital Partners LLP, Tredje AP fonden and Federated Investors Inc. PA. Company insiders that have sold Michaels Companies stock in the last year include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Dennis A Mullahy, Joshua Bekenstein, Lewis Klessel, Michael J Veitenheimer, Philo Pappas and Stephen Jon Carlotti.
Who bought Michaels Companies stock? Who is buying Michaels Companies stock?
Michaels Companies' stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Highfields Capital Management LP, Renaissance Technologies LLC, Fiera Capital Corp, Jupiter Asset Management Ltd., Two Sigma Investments LP, Leuthold Group LLC and FMR LLC.
How do I buy Michaels Companies stock?
Shares of Michaels Companies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Michaels Companies stock cost?
One share of Michaels Companies stock can currently be purchased for approximately $21.09.