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NASDAQ:MIK - Michaels Companies Stock Price, Forecast & News

$6.97
+0.38 (+5.77 %)
(As of 12/12/2019 04:00 PM ET)
Today's Range
$6.54
Now: $6.97
$6.99
50-Day Range
$5.97
MA: $8.48
$10.84
52-Week Range
$4.96
Now: $6.97
$16.39
Volume3.96 million shs
Average Volume3.08 million shs
Market Capitalization$1.02 billion
P/E Ratio2.97
Dividend YieldN/A
Beta1.04
The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services. Read More…

Industry, Sector and Symbol

Industry Hobby, toy, & game shops
Sub-IndustryN/A
SectorRetail/Wholesale
Current SymbolNASDAQ:MIK
CUSIPN/A
Phone972-409-1300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$3.43 per share
Book Value($11.12) per share

Profitability

Net Income$319.55 million

Miscellaneous

Employees47,000
Market Cap$1.02 billion
Next Earnings Date3/17/2020 (Estimated)
OptionableOptionable

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Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

What is Michaels Companies' stock symbol?

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

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) announced its quarterly earnings data on Thursday, December, 5th. The specialty retailer reported $0.40 EPS for the quarter, missing the Zacks' consensus estimate of $0.49 by $0.09. The specialty retailer earned $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Michaels Companies had a net margin of 5.30% and a negative return on equity of 22.75%. Michaels Companies's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. View Michaels Companies' Earnings History.

When is Michaels Companies' next earnings date?

Michaels Companies is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Michaels Companies.

What guidance has Michaels Companies issued on next quarter's earnings?

Michaels Companies updated its fourth quarter earnings guidance on Thursday, December, 5th. The company provided EPS guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.42.

What price target have analysts set for MIK?

12 brokerages have issued 1 year target prices for Michaels Companies' stock. Their forecasts range from $4.00 to $11.00. On average, they anticipate Michaels Companies' stock price to reach $7.73 in the next year. This suggests a possible upside of 10.9% from the stock's current price. View Analyst Price Targets for Michaels Companies.

What is the consensus analysts' recommendation for Michaels Companies?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 2 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Michaels Companies.

Has Michaels Companies been receiving favorable news coverage?

Press coverage about MIK stock has been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Michaels Companies earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned news headlines about the specialty retailer a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the near future. View News Stories for Michaels Companies.

Are investors shorting Michaels Companies?

Michaels Companies saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 29,940,000 shares, an increase of 5.1% from the November 14th total of 28,480,000 shares. Based on an average daily trading volume, of 3,717,800 shares, the days-to-cover ratio is currently 8.1 days. Approximately 38.9% of the company's stock are short sold. View Michaels Companies' Current Options Chain.

Who are some of Michaels Companies' key competitors?

What other stocks do shareholders of Michaels Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Michaels Companies investors own include Intelsat (I), Bank of America (BAC), AMC Entertainment (AMC), Fossil Group (FOSL), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

Who are Michaels Companies' key executives?

Michaels Companies' management team includes the folowing people:
  • Mr. Carl S. Rubin, Chairman & CEO (Age 59)
  • Ms. Denise A. Paulonis, Exec. VP & CFO (Age 47)
  • Mr. Stephen Jon Carlotti, Exec. VP of Marketing (Age 52)
  • Mr. Dennis A. Mullahy, Exec. VP of Information Technology (Age 54)
  • Mr. James Edward Sullivan, Sr. VP, Chief Accounting Officer & Controller (Age 55)

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (1.91%), Teacher Retirement System of Texas (1.65%), Massachusetts Financial Services Co. MA (0.83%), Ingalls & Snyder LLC (0.66%), Strs Ohio (0.32%) and Skylands Capital LLC (0.31%). Company insiders that own Michaels Companies stock include Beryl Raff and Carl Rubin. View Institutional Ownership Trends for Michaels Companies.

Which major investors are selling Michaels Companies stock?

MIK stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Reinhart Partners Inc., State Street Corp, First Trust Advisors LP, Envestnet Asset Management Inc., Voloridge Investment Management LLC, Ingalls & Snyder LLC and Barclays PLC. View Insider Buying and Selling for Michaels Companies.

Which major investors are buying Michaels Companies stock?

MIK stock was acquired by a variety of institutional investors in the last quarter, including Teacher Retirement System of Texas, Strs Ohio, Millennium Management LLC, Point72 Asset Management L.P., Skylands Capital LLC, Harel Insurance Investments & Financial Services Ltd., Winmill & CO. Inc. and State of Tennessee Treasury Department. View Insider Buying and Selling for Michaels Companies.

How do I buy shares of Michaels Companies?

Shares of MIK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $6.97.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $1.02 billion and generates $5.27 billion in revenue each year. The specialty retailer earns $319.55 million in net income (profit) each year or $2.35 on an earnings per share basis. Michaels Companies employs 47,000 workers across the globe.View Additional Information About Michaels Companies.

What is Michaels Companies' official website?

The official website for Michaels Companies is http://www.michaels.com/.

How can I contact Michaels Companies?

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]


MarketBeat Community Rating for Michaels Companies (NASDAQ MIK)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  402 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  847
MarketBeat's community ratings are surveys of what our community members think about Michaels Companies and other stocks. Vote "Outperform" if you believe MIK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2019 by MarketBeat.com Staff

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