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

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$11.26 -0.66 (-5.54 %)
(As of 03/24/2019 05:03 AM ET)
Previous Close$11.26
Today's Range$11.21 - $11.98
52-Week Range$11.21 - $22.15
Volume3.92 million shs
Average Volume2.90 million shs
Market Capitalization$1.78 billion
P/E Ratio4.79
Dividend YieldN/A
Beta1.14
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 January 30, 2019, 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

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$3.1629 per share
Book Value($10.31) per share

Profitability

Net Income$390.49 million

Miscellaneous

Employees49,000
Market Cap$1.78 billion
Next Earnings Date6/13/2019 (Estimated)
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 approved a stock buyback program 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 programs are typically a sign that the company's board of directors believes its stock is undervalued.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) released its quarterly earnings results on Tuesday, March, 19th. The specialty retailer reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.42 by $0.02. The specialty retailer had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Michaels Companies had a net margin of 6.06% and a negative return on equity of 24.50%. The firm's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 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, June 13th 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 FY20 earnings guidance on Tuesday, March, 19th. The company provided earnings per share (EPS) guidance of $2.34-2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.48. The company issued revenue guidance of $5.19-5.24 billion, compared to the consensus revenue estimate of $5.25 billion.Michaels Companies also updated its FY 2019 guidance to $2.34-2.46 EPS.

What price target have analysts set for MIK?

10 analysts have issued 1 year price objectives for Michaels Companies' stock. Their predictions range from $9.00 to $20.00. On average, they anticipate Michaels Companies' share price to reach $16.5556 in the next year. This suggests a possible upside of 47.0% 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, 5 hold ratings and 4 buy ratings 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 has underperformed the industry in the past three months. Most of the decline is due to the company’s decision to close all of its 36 Pat Catan’s stores in fourth-quarter fiscal 2018. Further, a bleak view for the fiscal fourth quarter is hurting sentiment. It now projects comps at the lower end of the prior view of down 0.5% to up 0.5%. Further, adjusted earnings per share are projected to be at the lower end of the prior guided range of $1.42-$1.47. Furthermore, higher costs have been hurting the company's margins. Nevertheless, the company plans to rebrand and reopen 12 of the Pat Catan’s stores under its namesake brand in fiscal 2019. Moreover, it remains focused on integrating e-commerce and stores to enhance the omni-channel experience. It also boasts a robust surprise trend. The company delivered positive earnings surprise in three consecutive quarters, with sales beat in three of the last four quarters." (3/15/2019)
  • 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?

Press coverage about MIK stock has been trending somewhat negative recently, according to InfoTrie. The research group identifies positive and negative news 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 five, with scores closest to five being the most favorable. Michaels Companies earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned news stories about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.

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), Fossil Group (FOSL), Bank of America (BAC), CVS Health (CVS), AMC Entertainment (AMC), First Data (FDC), Home Depot (HD), General Electric (GE), Caterpillar (CAT) and Coty (COTY).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.36%), Massachusetts Financial Services Co. MA (1.71%), Dimensional Fund Advisors LP (1.54%), Dimensional Fund Advisors LP (1.54%), Norges Bank (1.43%) and FMR LLC (1.32%). View Institutional Ownership Trends for Michaels Companies.

Which major 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, Tyvor Capital LLC, Thrivent Financial for Lutherans, Bank of Montreal Can, D. E. Shaw & Co. Inc., Sapience Investments LLC, BlackRock Inc. and Canada Pension Plan Investment Board. View Insider Buying and Selling for Michaels Companies.

Which major investors are buying Michaels Companies stock?

MIK stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Prudential Financial Inc., Teacher Retirement System of Texas, Bernzott Capital Advisors, Oregon Public Employees Retirement Fund, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and Royal London Asset Management Ltd.. 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 $11.26.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $1.78 billion and generates $5.27 billion in revenue each year. The specialty retailer earns $390.49 million in net income (profit) each year or $2.35 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:  351 (Vote Outperform)
Underperform Votes:  380 (Vote Underperform)
Total Votes:  731
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 3/24/2019 by MarketBeat.com Staff

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