NASDAQ:MIK

The Michaels Companies Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
$21.97
0.00 (0.00 %)
(As of 04/15/2021)
Add
Compare
Today's Range
$21.97
$21.97
50-Day Range
$21.85
$22.00
52-Week Range
$1.86
$22.42
VolumeN/A
Average Volume5.65 million shs
Market Capitalization$3.12 billion
P/E Ratio14.65
Dividend YieldN/A
Beta3.18

Receive MIK News and Ratings via Email

Sign-up to receive the latest news and ratings for The Michaels Companies and its competitors with MarketBeat's FREE daily newsletter.


The Michaels Companies logo

About The Michaels Companies

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for hobbyist and do-it-yourself home decorators in the United States and Canada. It operates Michaels stores that offer approximately 45,000 basic and seasonal stock-keeping units (SKUs) in arts, crafts, framing, floral, and home décor and seasonal merchandise. The company also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, ArtMinds, Artist's Loft, Craft Smart, Loops & Threads, Simply Tidy, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures and supplies precut mats and custom framing merchandise; and distributes craft and hobby items products under the Darice brand. As of February 1, 2020, the company operated approximately 1,274 Michaels retail stores in 49 states and Canada. It also serves customers through Michaels.com, ConsumerCrafts.com, Canada.Michaels.com, Darice.com, and AaronBrothers.com websites, as well as through its Michaels app. The Michaels Companies, Inc. was incorporated in 1983 and is headquartered in Irving, Texas.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.05 out of 5 stars

Retail/Wholesale Sector

198th out of 402 stocks

Hobby, Toy, & Game Shops Industry

1st out of 2 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











The Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

Is The Michaels Companies a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Michaels Companies in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" The Michaels Companies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MIK, but not buy additional shares or sell existing shares.
View analyst ratings for The Michaels Companies
or view top-rated stocks.

What stocks does MarketBeat like better than The Michaels Companies?

Wall Street analysts have given The Michaels Companies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Michaels Companies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

How were The Michaels Companies' earnings last quarter?

The Michaels Companies, Inc. (NASDAQ:MIK) posted its quarterly earnings results on Wednesday, March, 3rd. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.12. The specialty retailer earned $1.92 billion during the quarter, compared to the consensus estimate of $1.83 billion. The Michaels Companies had a net margin of 4.36% and a negative trailing twelve-month return on equity of 20.17%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS.
View The Michaels Companies' earnings history
.

What price target have analysts set for MIK?

6 Wall Street analysts have issued twelve-month target prices for The Michaels Companies' shares. Their forecasts range from $9.00 to $22.00. On average, they anticipate The Michaels Companies' stock price to reach $15.50 in the next year. This suggests that the stock has a possible downside of 29.4%.
View analysts' price targets for The Michaels Companies
or view top-rated stocks among Wall Street analysts.

Who are The Michaels Companies' key executives?

The Michaels Companies' management team includes the following people:
  • Mr. Ashley Buchanan, Pres, CEO & Director (Age 46, Pay $3.74M)
  • Mr. Mark S. Cosby, Sr. Advisor & Director (Age 62, Pay $1.38M)
  • Mr. John Robert Koch, Exec. VP of Real Estate & Artistree (Age 56, Pay $478.73k)
  • Mr. Michael Diamond, Chief Financial Officer
  • Mr. James Edward Sullivan, Chief Accounting Officer, Sr. VP & Controller (Age 57)
  • Mr. Hsiao Wang, Exec. VP & Chief Information Officer
  • Ms. Elaine Locke, VP of Investor Relations & Treasurer
  • Mr. Tim Cheatham, Exec. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Ronald J. Stoupa, Sr. VP & Chief Marketing Officer
  • Ms. Brynn L. Evanson, Exec. VP & Chief HR Officer (Age 51)

What is Ashley Buchanan's approval rating as The Michaels Companies' CEO?

132 employees have rated The Michaels Companies CEO Ashley Buchanan on Glassdoor.com. Ashley Buchanan has an approval rating of 56% among The Michaels Companies' employees. This puts Ashley Buchanan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of The Michaels Companies' key competitors?

What other stocks do shareholders of The Michaels Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Michaels Companies investors own include Bank of America (BAC), Intelsat (I), AMC Entertainment (AMC), Coty (COTY), Fossil Group (FOSL), Advanced Micro Devices (amd), Ciena (CIEN), Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Associated British Foods (ABF).

What is The Michaels Companies' stock symbol?

The Michaels Companies trades on the NASDAQ under the ticker symbol "MIK."

Who are The Michaels Companies' major shareholders?

The Michaels Companies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.45%), Arrowstreet Capital Limited Partnership (2.54%), Dimensional Fund Advisors LP (1.83%), Davidson Kempner Capital Management LP (1.58%), Davidson Kempner Capital Management LP (1.58%) and Water Island Capital LLC (1.47%). Company insiders that own The Michaels Companies stock include Beryl Raff, Blackstone Group Management L and Jim Sullivan.
View institutional ownership trends for The Michaels Companies
.

Which major investors are selling The Michaels Companies stock?

MIK stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Glenview Capital Management LLC, D. E. Shaw & Co. Inc., Schonfeld Strategic Advisors LLC, Sei Investments Co., Voloridge Investment Management LLC, Alliancebernstein L.P., and Dimensional Fund Advisors LP. Company insiders that have sold The Michaels Companies company stock in the last year include Blackstone Group Management L, and Jim Sullivan.
View insider buying and selling activity for The Michaels Companies
or view top insider-selling stocks.

Which major investors are buying The Michaels Companies stock?

MIK stock was purchased by a variety of institutional investors in the last quarter, including Water Island Capital LLC, Paulson & CO. Inc., Davidson Kempner Capital Management LP, Davidson Kempner Capital Management LP, Quinn Opportunity Partners LLC, Alpine Associates Management Inc., Man Group plc, and Pentwater Capital Management LP.
View insider buying and selling activity for The Michaels Companies
or or view top insider-buying stocks.

What is The Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $21.97.

How much money does The Michaels Companies make?

The Michaels Companies has a market capitalization of $3.12 billion and generates $5.07 billion in revenue each year. The specialty retailer earns $272.60 million in net income (profit) each year or $2.11 on an earnings per share basis.

How many employees does The Michaels Companies have?

The Michaels Companies employs 11,000 workers across the globe.

What is The Michaels Companies' official website?

The official website for The Michaels Companies is www.michaels.com.

Where are The Michaels Companies' headquarters?

The Michaels Companies is headquartered at 8000 BENT BRANCH DRIVE, IRVING TX, 75063.

How can I contact The Michaels Companies?

The Michaels Companies' mailing address is 8000 BENT BRANCH DRIVE, IRVING TX, 75063. The specialty retailer can be reached via phone at 972-409-1300 or via email at [email protected]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.