The Michaels Companies Company Profile (NASDAQ:MIK)

About The Michaels Companies (NASDAQ:MIK)

The Michaels Companies logoThe Michaels Companies, Inc. (Michaels) is an arts and crafts specialty retailer in North America. The Company's segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store. It operated 109 Aaron Brothers stores in nine states, with approximately 5,500 average square feet of selling space and 35 Pat Catan's stores in five states, with approximately 32,000 average square feet of selling space, as of January 28, 2017. The Company also operates an international wholesale business under the Darice brand name. The Company's stores purchase custom frames, framing supplies and mats from its framing operation and subsidiary, Artistree, Inc. (Artistree), which consists of a manufacturing facility and four regional processing centers.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Other Specialty Retailers
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MIK
  • CUSIP: N/A
  • Web: www.michaels.com
Capitalization:
  • Market Cap: $3.69 billion
  • Outstanding Shares: 180,986,000
Average Prices:
  • 50 Day Moving Avg: $21.43
  • 200 Day Moving Avg: $20.61
  • 52 Week Range: $17.25 - $25.57
P/E:
  • Trailing P/E Ratio: 10.86
  • Foreward P/E Ratio: 8.84
  • P/E Growth: 0.76
Sales & Book Value:
  • Annual Revenue: $5.21 billion
  • Price / Sales: 0.71
  • Book Value: ($9.77) per share
  • Price / Book: -2.09
Profitability:
  • EBITDA: $801.02 million
  • Net Margins: 7.29%
  • Return on Equity: -22.53%
  • Return on Assets: 18.13%
Debt:
  • Debt-to-Equity Ratio: -1.53%
  • Current Ratio: 1.44%
  • Quick Ratio: 0.26%
Misc:
  • Average Volume: 2.04 million shs.
  • Beta: 0.91
  • Short Ratio: 7.32
 

Frequently Asked Questions for The Michaels Companies (NASDAQ:MIK)

What is The Michaels Companies' stock symbol?

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

How will The Michaels Companies' stock buyback program work?

The Michaels Companies declared that its board has approved a share buyback plan on Thursday, June 15th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

How were The Michaels Companies' earnings last quarter?

The Michaels Companies, Inc. (NASDAQ:MIK) posted its quarterly earnings data on Thursday, August, 24th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.03. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. The Michaels Companies had a net margin of 7.29% and a negative return on equity of 22.53%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. View The Michaels Companies' Earnings History.

When will The Michaels Companies make its next earnings announcement?

The Michaels Companies is scheduled to release their next quarterly earnings announcement on Monday, December, 4th 2017. View Earnings Estimates for The Michaels Companies.

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

The Michaels Companies issued an update on its FY18 earnings guidance on Thursday, August, 24th. The company provided EPS guidance of $2.11-2.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.08. The Michaels Companies also updated its Q3 guidance to $0.41-0.43 EPS.

Where is The Michaels Companies' stock going? Where will The Michaels Companies' stock price be in 2017?

8 equities research analysts have issued 1-year price targets for The Michaels Companies' stock. Their forecasts range from $18.00 to $29.00. On average, they anticipate The Michaels Companies' share price to reach $24.29 in the next year. View Analyst Ratings for The Michaels Companies.

What are analysts saying about The Michaels Companies stock?

Here are some recent quotes from research analysts about The Michaels Companies stock:

  • 1. According to Zacks Investment Research, "The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Company's stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home décor, seasonal offerings, and children's hobbies. It produces 11 exclusive private brands including Recollections(R), Studio Decor(R), Bead Landing(R), Creatology(R), Ashland(R), Celebrate It(R), Art Minds(R), Artist's Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas. " (8/25/2017)
  • 2. Guggenheim analysts commented, " MIK shares rose just 2% yesterday (S&P 500 fell 0.4%) on the back of betterthan-expected initial 2017 guidance, despite entering the day at a sub-10x P/E multiple. We believe there is a path back to the upper $20's over the next 12-18 months (Exhibit 1), a 30%ish annualized return, and we reiterate our Buy rating as one of our favorite value ideas. We see moderate multiple expansion on modest 2017/2018 EBITDA and EPS growth triggered by the realization that the company has a unique opportunity to drive greater consumer engagement and share gains without sacrificing above-average profit margins over the next five years." (3/8/2017)

Are investors shorting The Michaels Companies?

The Michaels Companies saw a increase in short interest in September. As of September 29th, there was short interest totalling 14,545,135 shares, an increase of 12.5% from the September 15th total of 12,931,240 shares. Based on an average daily volume of 2,335,200 shares, the days-to-cover ratio is presently 6.2 days. Approximately 13.6% of the shares of the company are sold short.

Who are some of The Michaels Companies' key competitors?

Who are The Michaels Companies' key executives?

The Michaels Companies' management team includes the folowing people:

  • Carl S. Rubin, Chairman of the Board, Chief Executive Officer
  • Charles M. Sonsteby, Vice Chairman of the Board
  • Denise A. Paulonis, Chief Financial Officer, Executive Vice President
  • Stephen J. Carlotti, Executive Vice President — Marketing
  • Dennis A. Mullahy, Executive Vice President - Supply Chain and Information Technology
  • Philo T. Pappas, Executive Vice President - Merchandising
  • Joshua Bekenstein, Independent Director
  • Monte E. Ford, Independent Director
  • Karen Kaplan, Independent Director
  • Lewis S. Klessel, Independent Director

Who owns The Michaels Companies stock?

The Michaels Companies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Reinhart Partners Inc. (0.82%), Ingalls & Snyder LLC (0.27%), Skylands Capital LLC (0.23%), Nationwide Fund Advisors (0.22%), Strs Ohio (0.12%) and APG Asset Management N.V. (0.06%). Company insiders that own The Michaels Companies stock include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Dennis A Mullahy, Joshua Bekenstein, Lewis Klessel, Michael J Veitenheimer, Philo Pappas and Stephen Jon Carlotti. View Institutional Ownership Trends for The Michaels Companies.

Who sold The Michaels Companies stock? Who is selling The Michaels Companies stock?

The Michaels Companies' stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Skylands Capital LLC and Strs Ohio. Company insiders that have sold The Michaels Companies stock in the last year include Blackstone Management Associat, Charles M Sonsteby and Philo Pappas. View Insider Buying and Selling for The Michaels Companies.

Who bought The Michaels Companies stock? Who is buying The Michaels Companies stock?

The Michaels Companies' stock was bought by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC, Nationwide Fund Advisors, APG Asset Management N.V., Wealth Enhancement Advisory Services LLC, Fox Run Management L.L.C., Meeder Asset Management Inc. and Mutual of America Capital Management LLC. View Insider Buying and Selling for The Michaels Companies.

How do I buy The Michaels Companies stock?

Shares of The Michaels Companies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is The Michaels Companies' stock price today?

One share of The Michaels Companies stock can currently be purchased for approximately $20.41.


MarketBeat Community Rating for The Michaels Companies (NASDAQ MIK)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  212 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  430
MarketBeat's community ratings are surveys of what our community members think about The Michaels Companies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for The Michaels Companies (NASDAQ:MIK) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: $24.29 (18.99% upside)
Consensus Price Target History for The Michaels Companies (NASDAQ:MIK)
Price Target History for The Michaels Companies (NASDAQ:MIK)
Analysts' Ratings History for The Michaels Companies (NASDAQ:MIK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/29/2017Piper Jaffray CompaniesReiterated RatingHold$18.00LowView Rating Details
9/5/2017Bank of America CorporationReiterated RatingBuy -> Buy$29.00LowView Rating Details
7/24/2017J P Morgan Chase & CoUpgradeNeutral -> Overweight$23.00LowView Rating Details
6/21/2017GuggenheimReiterated RatingBuy$26.00LowView Rating Details
6/13/2017Morgan StanleyReiterated RatingOverweight$25.00LowView Rating Details
6/7/2017Telsey Advisory GroupLower Price TargetMarket Perform -> Market Perform$24.00 -> $21.00HighView Rating Details
12/7/2016Deutsche Bank AGLower Price TargetBuy$30.00 -> $28.00N/AView Rating Details
12/7/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
9/6/2016Credit Suisse GroupUpgradeNeutral -> Outperform$29.00N/AView Rating Details
8/29/2016BTIG ResearchReiterated RatingNeutralN/AView Rating Details
8/25/2016SunTrust Banks, Inc.Reiterated RatingBuyN/AView Rating Details
5/6/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$30.00N/AView Rating Details
3/18/2016NomuraReiterated RatingBuy$29.00N/AView Rating Details
12/4/2015MacquarieLower Price TargetNeutral$30.00 -> $25.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for The Michaels Companies (NASDAQ:MIK)
Earnings by Quarter for The Michaels Companies (NASDAQ:MIK)
Earnings History by Quarter for The Michaels Companies (NASDAQ MIK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/4/2017$0.43N/AView Earnings Details
8/24/2017Q2 2018$0.16$0.19$1.06 billion$1.07 billionViewN/AView Earnings Details
6/6/2017Q1 2018$0.39$0.38$1.17 billion$1.16 billionViewListenView Earnings Details
3/7/2017Q4 2017$0.95$0.96$1.76 billion$1.75 billionViewListenView Earnings Details
12/6/2016Q316$0.43$0.40$1.26 billion$1.23 billionViewN/AView Earnings Details
8/25/2016Q216$0.17$0.17$1.05 billion$1.06 billionViewListenView Earnings Details
6/7/2016Q116$0.35$0.36$1.17 billion$1.16 billionViewN/AView Earnings Details
3/17/2016Q415$0.84$0.87$1.67 billion$1.68 billionViewListenView Earnings Details
12/3/2015Q315$0.36$0.37$1.18 billion$1.17 billionViewN/AView Earnings Details
8/27/2015Q215$0.16$0.17$984.91 million$984.30 millionViewListenView Earnings Details
6/4/2015Q115$0.33$0.32$1.08 billion$1.08 billionViewN/AView Earnings Details
3/19/2015Q414$0.75$0.75$1.60 billion$1.61 billionViewN/AView Earnings Details
11/20/2014Q314$0.26$0.31$1.09 billion$1.13 billionViewN/AView Earnings Details
8/27/2014Q214$0.08$0.15$943.00 million$948.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for The Michaels Companies (NASDAQ:MIK)
Current Year EPS Consensus Estimate: $2.14 EPS
Next Year EPS Consensus Estimate: $2.31 EPS

Dividends

Dividend History for The Michaels Companies (NASDAQ:MIK)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for The Michaels Companies (NASDAQ:MIK)
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 98.43%
Insider Trades by Quarter for The Michaels Companies (NASDAQ:MIK)
Institutional Ownership by Quarter for The Michaels Companies (NASDAQ:MIK)
Insider Trades by Quarter for The Michaels Companies (NASDAQ:MIK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/9/2017Charles M SonstebyVice ChairmanSell38,754$22.12$857,238.48View SEC Filing  
3/8/2017Philo PappasEVPSell32,020$22.00$704,440.00View SEC Filing  
1/27/2017Blackstone Management AssociatMajor ShareholderSell18,000,000$21.28$383,040,000.00View SEC Filing  
12/16/2016Blackstone Management AssociatMajor ShareholderSell12,000,000$22.04$264,480,000.00View SEC Filing  
12/2/2016Philo PappasEVPSell1,152$23.92$27,555.84View SEC Filing  
8/16/2016Philo PappasEVPSell1,756$25.48$44,742.88View SEC Filing  
7/18/2016Blackstone Management AssociatMajor ShareholderSell5,500,000$27.71$152,405,000.00View SEC Filing  
7/18/2016Joshua BekensteinDirectorSell5,179,885$27.71$143,534,613.35View SEC Filing  
7/18/2016Philo PappasEVPSell2,205$27.32$60,240.60View SEC Filing  
6/6/2016Carl RubinCEOSell150,000$30.29$4,543,500.00View SEC Filing  
6/2/2016Carl RubinCEOSell100,000$30.00$3,000,000.00View SEC Filing  
6/2/2016Dennis A MullahyEVPSell7,421$30.00$222,630.00View SEC Filing  
5/3/2016Michael J VeitenheimerEVPSell85,931$28.61$2,458,485.91View SEC Filing  
5/2/2016Stephen Jon CarlottiEVPSell40,000$29.00$1,160,000.00View SEC Filing  
4/28/2016Philo PappasEVPSell112,807$28.82$3,251,097.74View SEC Filing  
4/26/2016Philo PappasEVPSell192,878$28.52$5,500,880.56View SEC Filing  
4/18/2016Carl RubinCEOSell75,000$29.50$2,212,500.00View SEC Filing  
3/29/2016Blackstone Management AssociatMajor ShareholderSell8,320,952$26.08$217,010,428.16View SEC Filing  
3/29/2016Lewis KlesselDirectorSell8,280,230$26.08$215,948,398.40View SEC Filing  
3/18/2016Charles M SonstebyCFOSell185,566$27.25$5,056,673.50View SEC Filing  
9/15/2015Michael J. VeitenheimerEVPSell50,000$26.19$1,309,500.00View SEC Filing  
9/1/2015Philo PappasEVPSell2,758$25.48$70,273.84View SEC Filing  
8/31/2015Thomas C. DecaroEVPSell60,003$25.84$1,550,477.52View SEC Filing  
7/14/2015Blackstone Group Management L.Major ShareholderSell6,118,347$26.51$162,197,378.97View SEC Filing  
7/14/2015Joshua BekensteinDirectorSell6,015,967$26.51$159,483,285.17View SEC Filing  
6/30/2015Lance A WeibyeSVPSell1,300$27.00$35,100.00View SEC Filing  
6/18/2015Lance A WeibyeSVPSell7,917$27.14$214,867.38View SEC Filing  
6/8/2015Michael J VeitenheimerSVPSell50,000$26.40$1,320,000.00View SEC Filing  
6/2/2015Charles M SonstebyCFOSell71,900$27.81$1,999,539.00View SEC Filing  
5/29/2015Charles M SonstebyCFOSell5,300$27.51$145,803.00View SEC Filing  
5/8/2015Michael J VeitenheimerSVPSell50,000$26.84$1,342,000.00View SEC Filing  
4/27/2015Charles M SonstebyCFOSell87,800$27.31$2,397,818.00View SEC Filing  
4/27/2015Theodore J BachmeierEVPSell44,688$27.32$1,220,876.16View SEC Filing  
4/24/2015Philo PappasEVPSell107,151$27.24$2,918,793.24View SEC Filing  
4/23/2015Thomas C DecaroEVPSell20,000$27.23$544,600.00View SEC Filing  
3/26/2015Thomas C DecaroEVPSell210,146$27.71$5,823,145.66View SEC Filing  
3/24/2015Thomas C DecaroEVPSell329,873$29.39$9,694,967.47View SEC Filing  
3/23/2015Michael J VeitenheimerSVPSell50,000$29.85$1,492,500.00View SEC Filing  
3/23/2015Thomas C DecaroEVPSell200,227$29.70$5,946,741.90View SEC Filing  
1/28/2015Matthew S LevinDirectorSell7,659,383$23.52$180,148,688.16View SEC Filing  
1/23/2015Philo PappasEVPSell96,851$24.66$2,388,345.66View SEC Filing  
1/21/2015Philo PappasEVPSell50,399$22.31$1,124,401.69View SEC Filing  
1/16/2015Philo PappasEVPSell78,986$23.43$1,850,641.98View SEC Filing  
1/15/2015Shawn E HearnSVPSell11,532$24.05$277,344.60View SEC Filing  
1/13/2015Philo PappasEVPSell30,796$23.93$736,948.28View SEC Filing  
1/12/2015Philo PappasEVPSell34,916$23.58$823,319.28View SEC Filing  
1/12/2015Shawn E HearnSVPSell32,256$23.93$771,886.08View SEC Filing  
1/9/2015Philo PappasEVPSell38,512$24.90$958,948.80View SEC Filing  
7/2/2014Carl RubinCEOBuy10,000$17.00$170,000.00View SEC Filing  
7/2/2014Theodore J BachmeierInsiderBuy3,000$17.00$51,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for The Michaels Companies (NASDAQ:MIK)
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The Michaels Companies (MIK) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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