The Michaels Companies Stock Forecast, Price & News

The Michaels Companies' stock was trading at $3.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MIK shares have increased by 429.8% and is now trading at $16.37.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Michaels Companies in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" The Michaels Companies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MIK, but not buy additional shares or sell existing shares.
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Wall Street analysts have given The Michaels Companies a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Michaels Companies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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The Michaels Companies is scheduled to release its next quarterly earnings announcement on Tuesday, March 16th 2021.
View our earnings forecast for The Michaels Companies.

The Michaels Companies, Inc. (NASDAQ:MIK) released its quarterly earnings results on Wednesday, December, 2nd. The specialty retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.27. The specialty retailer earned $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. The Michaels Companies had a net margin of 4.36% and a negative return on equity of 20.17%. The Michaels Companies's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share.
View The Michaels Companies' earnings history.

7 brokerages have issued 1-year price objectives for The Michaels Companies' shares. Their forecasts range from $9.00 to $25.00. On average, they expect The Michaels Companies' share price to reach $14.33 in the next year. This suggests that the stock has a possible downside of 12.4%.
View analysts' price targets for The Michaels Companies or view Wall Street analyst' top-rated stocks.

The Michaels Companies saw a drop in short interest in December. As of December 31st, there was short interest totaling 25,390,000 shares, a drop of 21.5% from the December 15th total of 32,340,000 shares. Based on an average daily volume of 5,620,000 shares, the short-interest ratio is currently 4.5 days. Currently, 30.4% of the company's stock are sold short.
View The Michaels Companies' Short Interest.

Some companies that are related to The Michaels Companies include Williams-Sonoma (WSM), Tapestry (TPR), MINISO Group (MNSO), Stitch Fix (SFIX), Dunkin' Brands Group (DNKN), Levi Strauss & Co. (LEVI), The Gap (GPS), Lithia Motors (LAD), Just Eat (JSTTY), Kingfisher (KGFHY), Fiverr International (FVRR), J Sainsbury (JSAIY), Casey's General Stores (CASY), Kohl's (KSS) and Herbalife Nutrition (HLF).
View all of MIK's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Michaels Companies investors own include Bank of America (BAC), Intelsat (I), AMC Entertainment (AMC), Coty (COTY), Fossil Group (FOSL), Advanced Micro Devices (amd), Ciena (CIEN), Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Associated British Foods plc (ABF.L) (ABF).

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

The Michaels Companies' stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.04%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own The Michaels Companies stock include Beryl Raff and Blackstone Group Management L.
View institutional ownership trends for The Michaels Companies.

MIK stock was sold by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and State of Alaska Department of Revenue.
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Shares of MIK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MIK stock can currently be purchased for approximately $16.37.

The Michaels Companies has a market capitalization of $2.42 billion and generates $5.07 billion in revenue each year. The specialty retailer earns $272.60 million in net income (profit) each year or $2.11 on an earnings per share basis. The Michaels Companies employs 76,000 workers across the globe.

The official website for The Michaels Companies is www.michaels.com.

The 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]