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

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$20.49 -0.05 (-0.24 %)
(As of 08/21/2018 04:00 PM ET)
Previous Close$20.61
Today's Range$20.33 - $20.72
52-Week Range$17.66 - $27.87
Volume112,196 shs
Average Volume1.59 million shs
Market Capitalization$3.70 billion
P/E Ratio9.53
Dividend YieldN/A
Beta1.24
Michaels Companies logoThe 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. The company also operates Pat Catan's stores that provide approximately 57,000 SKUs, including an assortment of kids craft items, fine art supplies, yarns, floral supplies, fabrics, home décor, bakeware and seasonal products, and wedding related merchandise. In addition, the company provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart, Loops & Threads, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures custom and specialty framing merchandise; distributes craft and hobby items products under the Darice brand; and sells its products through an e-commerce platform. As of February 3, 2018, the company owned and operated 1,371 stores in 49 states and Canada under the Michaels, Aaron Brothers, and Pat Catan's brands. The company was founded in 2013 and is headquartered in Irving, Texas.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio-1.82
Current Ratio1.79
Quick Ratio0.60

Price-To-Earnings

Trailing P/E Ratio9.53
Forward P/E Ratio8.83
P/E Growth1.14

Sales & Book Value

Annual Sales$5.36 billion
Price / Sales0.70
Cash Flow$2.9105 per share
Price / Cash7.04
Book Value($8.33) per share
Price / Book-2.46

Profitability

EPS (Most Recent Fiscal Year)$2.17
Net Income$390.49 million
Net Margins6.44%
Return on Equity-24.87%
Return on Assets17.98%

Miscellaneous

Employees49,000
Outstanding Shares182,070,000
Market Cap$3.70 billion

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 will Michaels Companies' stock buyback program work?

Michaels Companies declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 15th 2017, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) announced its quarterly earnings data on Thursday, June, 14th. The specialty retailer reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The specialty retailer had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Michaels Companies had a net margin of 6.44% and a negative return on equity of 24.87%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. 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, August, 30th 2018. View Earnings Estimates for Michaels Companies.

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

Michaels Companies updated its FY19 earnings guidance on Thursday, June, 14th. The company provided earnings per share guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.32. The company issued revenue guidance of $5.217-5.293 billion, compared to the consensus revenue estimate of $5.26 billion.Michaels Companies also updated its Q2 guidance to $0.12-0.14 EPS.

What price target have analysts set for MIK?

12 Wall Street analysts have issued 12 month target prices for Michaels Companies' shares. Their forecasts range from $15.00 to $29.00. On average, they expect Michaels Companies' share price to reach $23.1111 in the next twelve months. This suggests a possible upside of 13.2% 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 1 sell rating, 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Michaels Companies.

Are investors shorting Michaels Companies?

Michaels Companies saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 19,441,322 shares, a decrease of 10.2% from the July 13th total of 21,638,908 shares. Based on an average daily volume of 1,631,928 shares, the days-to-cover ratio is presently 11.9 days. Approximately 17.9% of the shares of the stock are short sold. View Michaels Companies' Current Options Chain.

Who are some of Michaels Companies' key competitors?

Who are Michaels Companies' key executives?

Michaels Companies' management team includes the folowing people:
  • Mr. Carl S. Rubin, Chairman & CEO (Age 58)
  • Ms. Denise A. Paulonis, Exec. VP & CFO (Age 46)
  • Mr. Stephen Jon Carlotti, Exec. VP of Marketing (Age 51)
  • Mr. Dennis A. Mullahy, Exec. VP of Supply Chain & Information Technology (Age 53)
  • Mr. James Edward Sullivan, Sr. VP, Chief Accounting Officer & Controller (Age 54)

Has Michaels Companies been receiving favorable news coverage?

News coverage about MIK stock has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Michaels Companies earned a news impact score of 0.14 on Accern's scale. They also gave press coverage about the specialty retailer an impact score of 47.31 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Michaels Companies.

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.19%), Massachusetts Financial Services Co. MA (2.62%), Tyvor Capital LLC (1.36%), FMR LLC (1.34%), Bank of Montreal Can (1.15%) and Bank of New York Mellon Corp (0.96%). Company insiders that own Michaels Companies stock include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby and Philo Pappas. 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 Voya Investment Management LLC, Massachusetts Financial Services Co. MA, Millennium Management LLC, Bank of America Corp DE, Schroder Investment Management Group, Trexquant Investment LP, First Trust Advisors LP and Aperio Group LLC. 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 FMR LLC, Bank of Montreal Can, Tyvor Capital LLC, Sapience Investments LLC, Mackay Shields LLC, Reinhart Partners Inc., Canada Pension Plan Investment Board and Thompson Siegel & Walmsley LLC. 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 $20.41.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $3.70 billion and generates $5.36 billion in revenue each year. The specialty retailer earns $390.49 million in net income (profit) each year or $2.17 on an earnings per share basis. Michaels Companies employs 49,000 workers across the globe.

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:  309 (Vote Outperform)
Underperform Votes:  324 (Vote Underperform)
Total Votes:  633
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 8/21/2018 by MarketBeat.com Staff

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