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

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$14.69 -0.41 (-2.72 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$15.10
Today's Range$14.60 - $15.27
52-Week Range$14.60 - $27.87
Volume2.12 million shs
Average Volume2.36 million shs
Market Capitalization$2.37 billion
P/E Ratio6.77
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. 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 August 30, 2018, the company owned and operated approximately 1,200 stores in 49 states and Canada under the Michaels, Aaron Brothers, and Pat Catan's brands. It also serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com Websites. The Michaels Companies, Inc. 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
Current SymbolNASDAQ:MIK
Previous Symbol
CUSIPN/A
Phone972-409-1300

Debt

Debt-to-Equity RatioN/A
Current Ratio1.31
Quick Ratio0.20

Price-To-Earnings

Trailing P/E Ratio6.77
Forward P/E Ratio6.17
P/E Growth0.83

Sales & Book Value

Annual Sales$5.36 billion
Price / Sales0.43
Cash Flow$2.8196 per share
Price / Cash Flow5.21
Book Value($11.35) per share
Price / Book-1.29

Profitability

EPS (Most Recent Fiscal Year)$2.17
Net Income$390.49 million
Net Margins6.35%
Return on Equity-24.35%
Return on Assets17.26%

Miscellaneous

Employees49,000
Outstanding Shares157,700,000
Market Cap$2.37 billion
OptionableOptionable

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 announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 15th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings data on Thursday, December, 6th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.04. The specialty retailer had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Michaels Companies had a negative return on equity of 24.35% and a net margin of 6.35%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.44 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, March 28th 2019. View Earnings Estimates for Michaels Companies.

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

Michaels Companies issued an update on its fourth quarter earnings guidance on Thursday, December, 6th. The company provided EPS guidance of $1.42-1.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.41. Michaels Companies also updated its FY 2018 guidance to $2.35-2.39 EPS.

What price target have analysts set for MIK?

10 analysts have issued 1 year price targets for Michaels Companies' stock. Their predictions range from $15.00 to $27.00. On average, they anticipate Michaels Companies' stock price to reach $20.6250 in the next twelve months. This suggests a possible upside of 40.4% from the stock's current price. View Analyst Price Targets for Michaels Companies.

What is the consensus analysts' recommendation for Michaels Companies?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 1 sell rating, 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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. 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)
  • 2. According to Zacks Investment Research, "Michaels has lagged the industry in the past three months backed by its dismal sales trend, which continued in second-quarter fiscal 2018. Notably, the company delivered negative sales surprise in 10 of the last 14 quarters. The soft sales performance is attributed to the closure of 94 full-size Aaron Brothers stores in the fiscal first quarter, which negatively impacted the second quarter, besides dismal comps. Further, the company continued to witness soft margins in the fiscal second quarter due to higher costs. Notably, this was the second straight quarter of gross margin decline, while operating margin remained soft for three consecutive quarters. However, the company’s store growth and omni-channel initiatives, along with a disciplined capital plan bode well. Further, the company has a robust earnings surprise history, having reported a beat in four of the last five quarters. The company also raised its earnings view for fiscal 2018." (9/4/2018)

Has Michaels Companies been receiving favorable news coverage?

Media headlines about MIK stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Michaels Companies earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave headlines about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

Are investors shorting Michaels Companies?

Michaels Companies saw a drop in short interest during the month of November. As of November 30th, there was short interest totalling 18,059,980 shares, a drop of 10.6% from the November 15th total of 20,202,627 shares. Based on an average trading volume of 2,168,531 shares, the short-interest ratio is presently 8.3 days. Approximately 18.5% of the company's shares 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 Information Technology (Age 53)
  • Mr. James Edward Sullivan, Sr. VP, Chief Accounting Officer & Controller (Age 54)

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.46%), Vanguard Group Inc (5.93%), BlackRock Inc. (5.18%), Alliancebernstein L.P. (2.75%), Massachusetts Financial Services Co. MA (2.50%) and FMR LLC (1.38%). 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 Prudential Financial Inc., Tyvor Capital LLC, Bank of Montreal Can, First Quadrant L P CA, Los Angeles Capital Management & Equity Research Inc., AQR Capital Management LLC, BlackRock Inc. and Massachusetts Financial Services Co. MA. 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 Goldentree Asset Management LP, WINTON GROUP Ltd, Teachers Retirement System of The State of Kentucky, Thompson Siegel & Walmsley LLC, Shufro Rose & Co. LLC, Alliancebernstein L.P., Nordea Investment Management AB and Seven Eight Capital LP. 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 $14.69.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $2.37 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.

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:  330 (Vote Outperform)
Underperform Votes:  355 (Vote Underperform)
Total Votes:  685
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 12/14/2018 by MarketBeat.com Staff

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