Michaels Cos. Company Profile (NASDAQ:MIK)

About Michaels Cos.

Michaels Cos. logoThe 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
  • CUSIP:
Key Metrics:
  • Previous Close: $24.17
  • 50 Day Moving Average: $24.82
  • 200 Day Moving Average: $26.96
  • 52-Week Range: $19.46 - $31.36
  • Trailing P/E Ratio: 13.84
  • Foreward P/E Ratio: 11.09
  • P/E Growth: 0.64
  • Market Cap: $4.97B
  • Outstanding Shares: 205,824,000
  • Beta: 1.09
Profitability:
  • Net Margins: 7.24%
  • Return on Equity: -21.18%
  • Return on Assets: 18.49%
Debt:
  • Debt-to-Equity Ratio: -1.60%
  • Current Ratio: 1.61%
  • Quick Ratio: 0.30%
Additional Links:
Companies Related to Michaels Cos.:

Analyst Ratings

Consensus Ratings for Michaels Cos. (NASDAQ:MIK) (?)
Ratings Breakdown: 6 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $29.00 (19.98% upside)

Analysts' Ratings History for Michaels Cos. (NASDAQ:MIK)
Show:
DateFirmActionRatingPrice TargetDetails
9/6/2016Credit Suisse Group AGUpgradeNeutral -> Outperform$29.00View Rating Details
8/29/2016BTIG ResearchReiterated RatingNeutralView Rating Details
8/25/2016SunTrust Banks Inc.Reiterated RatingBuyView Rating Details
7/28/2016JPMorgan Chase & Co.DowngradeOverweight -> NeutralView Rating Details
7/14/2016Piper Jaffray Cos.Lower Price TargetOverweight$34.00 -> $33.00View Rating Details
6/9/2016Deutsche Bank AGReiterated RatingBuy$30.00View Rating Details
5/6/2016Goldman Sachs Group Inc.DowngradeBuy -> Neutral$30.00View Rating Details
3/19/2016Telsey Advisory GroupReiterated RatingHold$26.00 -> $28.00View Rating Details
3/18/2016NomuraReiterated RatingBuy$29.00View Rating Details
3/7/2016Morgan StanleyDowngradeOverweight -> Equal Weight$25.00View Rating Details
1/13/2016GuggenheimLower Price Target$33.00 -> $29.00View Rating Details
12/6/2015Raymond James Financial Inc.Reiterated RatingOutperform$31.00 -> $27.00View Rating Details
12/4/2015MacquarieLower Price TargetNeutral$30.00 -> $25.00View Rating Details
3/16/2015Barclays PLCBoost Price TargetEqual Weight$24.00 -> $30.00View Rating Details
(Data available from 9/27/2014 forward)

Earnings

Earnings History for Michaels Cos. (NASDAQ:MIK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/1/2016        
8/25/2016Q216$0.17$0.17$1.05 billion$1.06 billionViewListenView Earnings Details
6/7/2016Q116$0.35$0.36$1.17 billion$1.16 billionViewN/AView Earnings Details
3/17/2016Q415$0.84$0.87$1.70 billionViewListenView Earnings Details
12/3/2015Q315$0.36$0.37$1.17 billionViewN/AView Earnings Details
8/27/2015Q215$0.16$0.17$984.91 million$984.30 millionViewListenView Earnings Details
6/4/2015Q115$0.33$0.32$1.08 billion$1.08 billionViewN/AView Earnings Details
3/19/2015Q414$0.74$0.75$1.60 billion$1.61 billionViewN/AView Earnings Details
11/20/2014Q314$0.26$0.31$1.09 billion$1.13 billionViewN/AView Earnings Details
8/27/2014Q214$0.08$0.15$943.00 million$948.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Michaels Cos. (NASDAQ:MIK)
Current Year EPS Consensus Estimate: $1.95 EPS
Next Year EPS Consensus Estimate: $2.18 EPS

Dividends

Dividend History for Michaels Cos. (NASDAQ:MIK)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Michaels Cos. (NASDAQ:MIK)
Insider Ownership Percentage: 1.50%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/16/2016Philo PappasEVPSell1,756$25.48$44,742.88View SEC Filing  
7/18/2016Blackstone Management AssociatMajor ShareholderSell5,500,000$27.71$152,405,000.00View SEC Filing  
7/18/2016Joshua BekensteinDirectorSell5,179,885$27.71$143,534,613.35View SEC Filing  
7/18/2016Philo PappasEVPSell2,205$27.32$60,240.60View SEC Filing  
6/6/2016Carl RubinCEOSell150,000$30.29$4,543,500.00View SEC Filing  
6/2/2016Carl RubinCEOSell100,000$30.00$3,000,000.00View SEC Filing  
6/2/2016Dennis A MullahyEVPSell7,421$30.00$222,630.00View SEC Filing  
5/3/2016Michael J VeitenheimerEVPSell85,931$28.61$2,458,485.91View SEC Filing  
5/2/2016Stephen Jon CarlottiEVPSell40,000$29.00$1,160,000.00View SEC Filing  
4/28/2016Philo PappasEVPSell112,807$28.82$3,251,097.74View SEC Filing  
4/26/2016Philo PappasEVPSell192,878$28.52$5,500,880.56View SEC Filing  
4/18/2016Carl RubinCEOSell75,000$29.50$2,212,500.00View SEC Filing  
3/29/2016Blackstone Management AssociatMajor ShareholderSell8,320,952$26.08$217,010,428.16View SEC Filing  
3/29/2016Lewis KlesselDirectorSell8,280,230$26.08$215,948,398.40View SEC Filing  
3/18/2016Charles M SonstebyCFOSell185,566$27.25$5,056,673.50View SEC Filing  
9/15/2015Michael J. VeitenheimerEVPSell50,000$26.19$1,309,500.00View SEC Filing  
9/1/2015Philo PappasEVPSell2,758$25.48$70,273.84View SEC Filing  
8/31/2015Thomas C. DecaroEVPSell60,003$25.84$1,550,477.52View SEC Filing  
7/14/2015Blackstone Group Management L.Major ShareholderSell6,118,347$26.51$162,197,378.97View SEC Filing  
7/14/2015Joshua BekensteinDirectorSell6,015,967$26.51$159,483,285.17View SEC Filing  
6/30/2015Lance A WeibyeSVPSell1,300$27.00$35,100.00View SEC Filing  
6/18/2015Lance A WeibyeSVPSell7,917$27.14$214,867.38View SEC Filing  
6/8/2015Michael J VeitenheimerSVPSell50,000$26.40$1,320,000.00View SEC Filing  
6/2/2015Charles M SonstebyCFOSell71,900$27.81$1,999,539.00View SEC Filing  
5/29/2015Charles M SonstebyCFOSell5,300$27.51$145,803.00View SEC Filing  
5/8/2015Michael J VeitenheimerSVPSell50,000$26.84$1,342,000.00View SEC Filing  
4/27/2015Charles M SonstebyCFOSell87,800$27.31$2,397,818.00View SEC Filing  
4/27/2015Theodore J BachmeierEVPSell44,688$27.32$1,220,876.16View SEC Filing  
4/24/2015Philo PappasEVPSell107,151$27.24$2,918,793.24View SEC Filing  
4/23/2015Thomas C DecaroEVPSell20,000$27.23$544,600.00View SEC Filing  
3/26/2015Thomas C DecaroEVPSell210,146$27.71$5,823,145.66View SEC Filing  
3/24/2015Thomas C DecaroEVPSell329,873$29.39$9,694,967.47View SEC Filing  
3/23/2015Michael J VeitenheimerSVPSell50,000$29.85$1,492,500.00View SEC Filing  
3/23/2015Thomas C DecaroEVPSell200,227$29.70$5,946,741.90View SEC Filing  
1/28/2015Matthew S LevinDirectorSell7,659,383$23.52$180,148,688.16View SEC Filing  
1/23/2015Philo PappasEVPSell96,851$24.66$2,388,345.66View SEC Filing  
1/21/2015Philo PappasEVPSell50,399$22.31$1,124,401.69View SEC Filing  
1/16/2015Philo PappasEVPSell78,986$23.43$1,850,641.98View SEC Filing  
1/15/2015Shawn E HearnSVPSell11,532$24.05$277,344.60View SEC Filing  
1/13/2015Philo PappasEVPSell30,796$23.93$736,948.28View SEC Filing  
1/12/2015Philo PappasEVPSell34,916$23.58$823,319.28View SEC Filing  
1/12/2015Shawn E HearnSVPSell32,256$23.93$771,886.08View SEC Filing  
1/9/2015Philo PappasEVPSell38,512$24.90$958,948.80View SEC Filing  
7/2/2014Carl RubinCEOBuy10,000$17.00$170,000.00View SEC Filing  
7/2/2014Theodore J BachmeierInsiderBuy3,000$17.00$51,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Michaels Cos. (NASDAQ:MIK)
DateHeadline
capitalcube.com logoETF’s with exposure to Michaels Cos., Inc. : September 15, 2016 (NASDAQ:MIK)
www.capitalcube.com - September 15 at 4:09 PM
marketwatch.com logoMichaels' stock upgraded after stock pullback - MarketWatch (NASDAQ:MIK)
www.marketwatch.com - September 6 at 6:13 PM
News IconMichaels Cos. (NASDAQ: MIK) Shares Upgraded at Credit Suisse Group AG - BNB Daily (blog) (NASDAQ:MIK)
www.baseball-news-blog.com - September 6 at 6:13 PM
marketwatch.com logoMichaels' stock upgraded after stock pullback (NASDAQ:MIK)
www.marketwatch.com - September 6 at 10:52 AM
thestreet.com logoMichael's (MIK) Stock Rises, Credit Suisse Upgrades (NASDAQ:MIK)
www.thestreet.com - September 6 at 10:52 AM
finance.yahoo.com logoThe Michaels Companies, Inc. Announces Participation in the Goldman Sachs 23rd Annual Global Retailing Conference (NASDAQ:MIK)
finance.yahoo.com - September 1 at 6:01 PM
News IconMichaels Cos. (NASDAQ: MIK) Rating Reiterated at BTIG Research - BNB Daily (blog) (NASDAQ:MIK)
www.baseball-news-blog.com - August 30 at 9:31 AM
capitalcube.com logoETF’s with exposure to Michaels Cos., Inc. : August 29, 2016 (NASDAQ:MIK)
www.capitalcube.com - August 29 at 6:03 PM
nasdaq.com logoEarnings Reaction History: MICHAELS COS, 50.0% Follow-Through Indicator, 4.2% Sensitive - Nasdaq (NASDAQ:MIK)
www.nasdaq.com - August 27 at 5:38 PM
capitalcube.com logoMichaels Cos., Inc. :MIK-US: Earnings Analysis: Q2, 2017 By the Numbers : August 26, 2016 (NASDAQ:MIK)
www.capitalcube.com - August 27 at 5:38 PM
biz.yahoo.com logoMICHAELS COMPANIES, INC. Files SEC form 10-Q, Quarterly Report (NASDAQ:MIK)
biz.yahoo.com - August 27 at 5:38 PM
News IconNew CFO appointed at Michaels Companies (NASDAQ:MIK)
magseriesusa.net - August 27 at 10:33 AM
streetinsider.com logoMichaels Cos. (MIK) Appoints New CFO (NASDAQ:MIK)
www.streetinsider.com - August 26 at 9:08 AM
wsj.com logoCFO Moves: Michaels (NASDAQ:MIK)
blogs.wsj.com - August 26 at 9:08 AM
sg.finance.yahoo.com logoMichaels meets 2Q profit forecasts (NASDAQ:MIK)
sg.finance.yahoo.com - August 25 at 11:16 AM
publicnow.com logoThe Michaels Companies Names Denise Paulonis Chief Financial Officer (NASDAQ:MIK)
www.publicnow.com - August 25 at 11:16 AM
thestreet.com logoWill Michael's (MIK) Stock Be Hurt By Q2 Revenue Miss? (NASDAQ:MIK)
www.thestreet.com - August 25 at 11:16 AM
prnewswire.com logoResearch Report Initiation on Specialty Retail Stocks -- Michaels Cos., ZAGG, Barnes & Noble, and Five Below - PR Newswire (press release) (NASDAQ:MIK)
www.prnewswire.com - August 17 at 6:23 PM
4-traders.com logoFive Below : Research Report Initiation on Specialty Retail Stocks -- Michaels Cos., ZAGG, Barnes & Noble, and Five Below (NASDAQ:MIK)
www.4-traders.com - August 17 at 9:16 AM
tmcnet.com logoResearch Report Initiation on Specialty Retail Stocks -- Michaels Cos., ZAGG, Barnes & Noble, and Five Below (NASDAQ:MIK)
www.tmcnet.com - August 17 at 9:16 AM
finance.yahoo.com logoAbove the Crowd – Positioning for Today’s Hedge Fund Holdings Release (NASDAQ:MIK)
finance.yahoo.com - August 15 at 6:22 PM
publicnow.com logoThe Michaels Companies, Inc. to Report Second Quarter 2016 Financial Results on August 25, 2016 (NASDAQ:MIK)
www.publicnow.com - August 11 at 9:21 AM
wsj.com logo[$$] Michaels Buys Hancock Fabrics Brand From Bankruptcy (NASDAQ:MIK)
www.wsj.com - August 3 at 6:32 PM
News IconBain Capital Investors LLC Decreased Stake in Michaels Cos INC (NASDAQ:MIK) by $234.33 Million as Shares Rose - Consumer Eagle (NASDAQ:MIK)
www.consumereagle.com - July 21 at 6:24 PM
finance.yahoo.com logoMichaels Stores downgraded by JP Morgan (NASDAQ:MIK)
finance.yahoo.com - July 19 at 6:23 AM
moodys.com logoMichaels Stores, Inc. -- Moody's upgrades Michaels Corporate Family Rating to Ba2; outlook stable (NASDAQ:MIK)
www.moodys.com - July 15 at 2:51 PM
News IconMichaels and Hess slide, Teva and JetBlue trade higher - Chicago Daily Herald (NASDAQ:MIK)
www.dailyherald.com - July 15 at 10:36 AM
biz.yahoo.com logoMICHAELS COMPANIES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Stat (NASDAQ:MIK)
biz.yahoo.com - July 14 at 4:50 PM
News IconMichaels, Hess and AAR skid, Teva Pharmaceutical Industries and JetBlue Airways rise (NASDAQ:MIK)
customwire.ap.org - July 14 at 9:48 AM
News IconAP Newswire (NASDAQ:MIK)
ap.stripes.com - July 13 at 6:33 PM
abcnews.go.com logoMichaels and Hess Slide, Teva and JetBlue Trade Higher (NASDAQ:MIK)
abcnews.go.com - July 13 at 6:33 PM
thestreet.com logoMorning Movers: JUNO, AMZN, VRX, MIK - TheStreet.com (NASDAQ:MIK)
realmoney.thestreet.com - July 13 at 9:07 AM
marketwatch.com logoMichaels Cos. shares slip on secondary offering, outlook - MarketWatch (NASDAQ:MIK)
www.marketwatch.com - July 13 at 9:07 AM
investors.com logoStock Futures Narrowly Higher: Oil, Dollar Slip, Juno Rockets (NASDAQ:MIK)
www.investors.com - July 13 at 8:43 AM
marketwatch.com logoMichaels Cos. shares slip on secondary offering, outlook (NASDAQ:MIK)
www.marketwatch.com - July 12 at 4:56 PM
publicnow.com logoThe Michaels Companies Announces Secondary Offering of 11 Million Shares of Common Stock by Selling Stockholders and Repurchase by the Company of a Portion of Such Common Stock (NASDAQ:MIK)
www.publicnow.com - July 12 at 4:53 PM
News IconBlackstone Group LP Decreased Stake in Michaels Cos INC (NASDAQ:MIK) by $224.67 Million as Shares Rose - Engelwood Daily (NASDAQ:MIK)
www.engelwooddaily.com - July 11 at 10:50 AM
publicnow.com logoMichaels Launches National Loyalty Program (NASDAQ:MIK)
www.publicnow.com - July 11 at 8:43 AM
News IconBain Capital Investors LLC Decreased Stake in Michaels Cos INC (NASDAQ:MIK) by $234.33 Million as Shares Rose - Press Telegraph (NASDAQ:MIK)
presstelegraph.com - July 8 at 6:16 PM
baystreet.ca logoResearch Report Initiated on Select Specialty Retail Equities - Baystreet.ca (NASDAQ:MIK)
www.baystreet.ca - July 1 at 6:11 PM
News IconBain Capital Investors LLC Decreased Stake in Michaels Cos INC (NASDAQ:MIK) by $234.33 Million as Shares Rose - Engelwood Daily (NASDAQ:MIK)
www.engelwooddaily.com - July 1 at 6:11 PM
News IconResearch Report Initiated on Select Specialty Retail Equities (NASDAQ:MIK)
news.investornetwork.com - July 1 at 8:27 AM
capitalcube.com logoMichaels Cos., Inc. breached its 50 day moving average in a Bullish Manner : MIK-US : July 1, 2016 (NASDAQ:MIK)
www.capitalcube.com - July 1 at 8:23 AM
News IconThe Michaels Companies, Inc. (NASDAQ:MIK) Company Rating and Target Watch - Telanagana Press (NASDAQ:MIK)
telanaganapress.com - June 30 at 6:32 PM
News IconAnalyst Rating Update on The Michaels Companies (MIK) - TheFounders Daily (NASDAQ:MIK)
www.thefoundersdaily.com - June 30 at 6:32 PM
ftsenews.co.uk logoThe Michaels Companies, Inc. (NASDAQ:MIK) Updated Price Targets - FTSE News (NASDAQ:MIK)
www.ftsenews.co.uk - June 29 at 9:00 AM
News IconShare Update and Earnings Review for The Michaels Companies, Inc. (NASDAQ:MIK) - Press Telegraph (NASDAQ:MIK)
presstelegraph.com - June 29 at 9:00 AM
fiscalstandard.com logoThe Michaels Companies, Inc. (NASDAQ:MIK) Broker Price Targets For The Coming Week - Fiscal Standard (NASDAQ:MIK)
www.fiscalstandard.com - June 28 at 6:04 PM
News IconThe Michaels Companies, Inc. (NASDAQ:MIK) Earnings Glance and Target Price Review - Engelwood Daily (NASDAQ:MIK)
www.engelwooddaily.com - June 27 at 6:05 PM
realistinvestor.com logoThe Michaels Companies, Inc. (NASDAQ:MIK) Target Price Is $31.5 - RealistInvestor.com (NASDAQ:MIK)
www.realistinvestor.com - June 27 at 6:05 PM

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Michaels Cos. (NASDAQ:MIK) Chart for Tuesday, September, 27, 2016


Last Updated on 9/27/2016 by MarketBeat.com Staff