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

Sign in or create an account to add this stock to your watchlist.
$17.46 -0.04 (-0.23 %)
(As of 11/18/2018 01:33 AM ET)
Previous Close$17.46
Today's Range$17.12 - $17.69
52-Week Range$14.82 - $27.87
Volume1.99 million shs
Average Volume2.09 million shs
Market Capitalization$2.97 billion
P/E Ratio8.05
Dividend YieldN/A
Beta1.03
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.

Receive MIK News and Ratings via Email

Sign-up to receive the latest news and ratings for MIK and its competitors with MarketBeat's FREE daily newsletter.

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 Ratio1.48
Quick Ratio0.26

Price-To-Earnings

Trailing P/E Ratio8.05
Forward P/E Ratio7.43
P/E Growth0.96

Sales & Book Value

Annual Sales$5.36 billion
Price / Sales0.56
Cash Flow$2.9149 per share
Price / Cash5.99
Book Value($8.33) per share
Price / Book-2.10

Profitability

EPS (Most Recent Fiscal Year)$2.17
Net Income$390.49 million
Net Margins6.31%
Return on Equity-24.56%
Return on Assets17.32%

Miscellaneous

Employees49,000
Outstanding Shares171,370,000
Market Cap$2.97 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 authorized a stock buyback 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 buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) announced its earnings results on Thursday, August, 30th. The specialty retailer reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The specialty retailer earned $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. Michaels Companies had a net margin of 6.31% and a negative return on equity of 24.56%. Michaels Companies's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 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, December 6th 2018. View Earnings Estimates for Michaels Companies.

How can I listen to Michaels Companies' earnings call?

Michaels Companies will be holding an earnings conference call on Thursday, December 6th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8443404762.

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

Michaels Companies issued an update on its FY19 earnings guidance on Thursday, August, 30th. The company provided earnings per share guidance of $2.29-2.42 for the period, compared to the Thomson Reuters consensus estimate of $2.30. The company issued revenue guidance of $5.22-5.29 billion, compared to the consensus revenue estimate of $5.26 billion.Michaels Companies also updated its Q3 guidance to $0.42-0.45 EPS.

What price target have analysts set for MIK?

11 Wall Street analysts have issued 12-month price objectives for Michaels Companies' shares. Their predictions range from $15.00 to $27.00. On average, they anticipate Michaels Companies' share price to reach $21.25 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for Michaels Companies.

What is the consensus analysts' recommendation for Michaels Companies?

11 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Michaels Companies.

Has Michaels Companies been receiving favorable news coverage?

Media stories about MIK stock have been trending neutral recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Michaels Companies earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

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)

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.18%), Alliancebernstein L.P. (2.75%), Massachusetts Financial Services Co. MA (2.50%), FMR LLC (1.38%), Dimensional Fund Advisors LP (1.16%) and Thompson Siegel & Walmsley LLC (1.14%). 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 major 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 major 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 $17.46.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $2.97 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.macysinc.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:  329 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  679
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 11/18/2018 by MarketBeat.com Staff

Featured Article: Balanced Fund

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel