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

$5.25
-0.35 (-6.25 %)
(As of 08/25/2019 02:31 PM ET)
Today's Range
$5.21
Now: $5.25
$5.53
50-Day Range
$5.13
MA: $6.96
$9.23
52-Week Range
$4.96
Now: $5.25
$20.81
Volume2.09 million shs
Average Volume2.46 million shs
Market Capitalization$830.39 million
P/E Ratio2.23
Dividend YieldN/A
Beta1.06
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$3.1437 per share
Book Value($10.31) per share

Profitability

Net Income$319.55 million

Miscellaneous

Employees47,000
Market Cap$830.39 million
Next Earnings Date9/4/2019 (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 quarterly earnings results on Thursday, June, 6th. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. The specialty retailer had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion. Michaels Companies had a negative return on equity of 22.82% and a net margin of 6.34%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.39 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 Wednesday, September 4th 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 Wednesday, September 4th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8443404762.

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

Michaels Companies updated its FY20 earnings guidance on Thursday, June, 6th. The company provided earnings per share (EPS) guidance of $2.29-2.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44. The company issued revenue guidance of $5.19-5.24 billion, compared to the consensus revenue estimate of $5.21 billion.

What price target have analysts set for MIK?

11 analysts have issued twelve-month price objectives for Michaels Companies' stock. Their predictions range from $4.00 to $17.00. On average, they anticipate Michaels Companies' share price to reach $10.60 in the next year. This suggests a possible upside of 101.9% 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 headlines about MIK stock have trended positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news 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 news sentiment score of 2.5 on InfoTrie's scale. They also gave media headlines about the specialty retailer a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for Michaels Companies.

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), AMC Entertainment (AMC), Fossil Group (FOSL), Bank of America (BAC), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), tronc (TRNC) and Apollo Global Management (APO).

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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.29%), Price T Rowe Associates Inc. MD (7.21%), Vanguard Group Inc. (4.84%), Prudential Financial Inc. (2.53%), UBS Group AG (1.78%) and Sapience Investments LLC (1.31%). 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 UBS Asset Management Americas Inc., Morgan Stanley, Tremblant Capital Group, Freestone Capital Holdings LLC, D. E. Shaw & Co. Inc., Bank of America Corp DE, Trexquant Investment LP and Man Group plc. View Insider Buying and Selling for Michaels Companies.

Which institutional investors are buying Michaels Companies stock?

MIK stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Canada Pension Plan Investment Board, Balyasny Asset Management LLC, AQR Capital Management LLC, Landscape Capital Management L.L.C., Prudential Financial Inc. and Teacher Retirement System of Texas. 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, Scottrade, Fidelity and Charles Schwab.

What is Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $5.25.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $830.39 million 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:  377 (Vote Outperform)
Underperform Votes:  412 (Vote Underperform)
Total Votes:  789
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 8/25/2019 by MarketBeat.com Staff

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