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Michaels Companies Stock Price, Forecast & Analysis (NASDAQ:MIK)

$8.00
-0.43 (-5.10 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$7.86
Now: $8.00
$8.40
50-Day Range
$8.05
MA: $9.42
$10.84
52-Week Range
$4.96
Now: $8.00
$17.52
Volume2.39 million shs
Average Volume3.04 million shs
Market Capitalization$1.24 billion
P/E Ratio3.40
Dividend YieldN/A
Beta1.15
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$3.08 per share
Book Value($10.31) per share

Profitability

Net Income$319.55 million

Miscellaneous

Employees47,000
Market Cap$1.24 billion
Next Earnings Date12/5/2019 (Confirmed)
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) issued its earnings results on Wednesday, September, 4th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. The specialty retailer earned $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Michaels Companies had a negative return on equity of 23.40% and a net margin of 6.31%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.15 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 Thursday, December 5th 2019. View Earnings Estimates for Michaels Companies.

How can I listen to Michaels Companies' earnings call?

Michaels Companies will be holding an earnings conference call on Thursday, December 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Michaels Companies updated its FY20 earnings guidance on Wednesday, September, 4th. The company provided earnings per share guidance of $2.31-2.42 for the period, compared to the Thomson Reuters consensus estimate of $2.34. The company issued revenue guidance of $5.16-5.19 billion, compared to the consensus revenue estimate of $5.19 billion.

What price target have analysts set for MIK?

11 equities research analysts have issued 12-month target prices for Michaels Companies' stock. Their forecasts range from $4.00 to $15.00. On average, they anticipate Michaels Companies' share price to reach $8.50 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Michaels Companies.

What is the consensus analysts' recommendation for Michaels Companies?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Michaels Companies.

What are Wall Street analysts saying about Michaels Companies stock?

Here are some recent quotes from research analysts about Michaels Companies stock:
  • 1. According to Zacks Investment Research, "Michaels underperformed the industry in the past three months due to a soft margin trend. The company continued to witness soft margins in fourth-quarter fiscal 2018 owing to higher costs and impact of an additional 53rd week last year. Notably, gross margin declined in the last four quarters, while operating margin contracted for five straight quarters. Further, management issued soft earnings view for first-quarter and fiscal 2019. It also provided soft comps guidance for the first quarter. However, Michaels has a robust surprise trend, reporting earnings beat in four consecutive quarters, including the fourth quarter. Moreover, sales topped estimates in four of the last five quarters. Backed by efficient expense management and the ongoing share repurchase program, earnings grew year over year. Its focus on integrating e-commerce and in-store operations to boost omni-channel experience is also encouraging." (5/23/2019)
  • 2. Wells Fargo & Co analysts commented, "We believe this outlook shows that MIK still has work left to drive sustainable comp growth (guide flat at midpoint), and recent cost efforts (sourcing, fulfillment, etc.) have yet to be sufficient enough to offset ongoing distribution headwinds. While encouraging Q3 results are a step in the right direction, we remain on the sidelines, as industry trends remain stagnant, traffic has been negative for 3 straight quarters, and margins continue to deteriorate. Reiterate Market Perform." (12/6/2018)

Has Michaels Companies been receiving favorable news coverage?

News coverage about MIK stock has been trending very negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Michaels Companies earned a daily sentiment score of -3.8 on InfoTrie's scale. They also assigned news stories about the specialty retailer a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the near future. View News Stories for Michaels Companies.

Are investors shorting Michaels Companies?

Michaels Companies saw a decrease in short interest in October. As of October 31st, there was short interest totalling 28,540,000 shares, a decrease of 10.4% from the September 30th total of 31,840,000 shares. Based on an average daily trading volume, of 4,220,000 shares, the days-to-cover ratio is presently 6.8 days. Approximately 35.1% of the shares of the 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), Fossil Group (FOSL), AMC Entertainment (AMC), 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 number of of institutional and retail investors. Top institutional shareholders include Teacher Retirement System of Texas (1.65%), Massachusetts Financial Services Co. MA (0.83%), Ingalls & Snyder LLC (0.66%), Strs Ohio (0.32%), Skylands Capital LLC (0.31%) and Reinhart Partners Inc. (0.25%). Company insiders that own Michaels Companies stock include Beryl Raff and Carl Rubin. View Institutional Ownership Trends for Michaels Companies.

Which institutional 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., First Trust Advisors LP, Envestnet Asset Management Inc., Ingalls & Snyder LLC, SG Americas Securities LLC, Mason Street Advisors LLC and Shufro Rose & Co. LLC. View Insider Buying and Selling for Michaels Companies.

Which institutional investors are buying Michaels Companies stock?

MIK stock was purchased by a variety of institutional investors in the last quarter, including Teacher Retirement System of Texas, Strs Ohio, Skylands Capital LLC, Harel Insurance Investments & Financial Services Ltd., Winmill & CO. Inc., State of Tennessee Treasury Department, State of Alaska Department of Revenue and Great West Life Assurance Co. Can. 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 $8.00.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $1.24 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:  396 (Vote Outperform)
Underperform Votes:  437 (Vote Underperform)
Total Votes:  833
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 11/19/2019 by MarketBeat.com Staff

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