The Michaels Companies Company Profile (NASDAQ:MIK)

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

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.

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.

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

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.

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.

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)

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.

Some companies that are related to The Michaels Companies include NEXT plc (NXT), Staples (SPLS), Marks and Spencer Group Plc (MKS), Cabelas (CAB), Stamps.com (STMP), Ollie's Bargain Outlet Holdings (OLLI), Sally Beauty Holdings (SBH), Party City Holdco (PRTY), Rent-A-Center (RCII), West Marine (WMAR), Barnes & Noble Education (BNED), Container Store (The) (TCS), Gaia (GAIA), EVINE Live (EVLV) and Dover Saddlery (DOVR).

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

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.

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.

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.

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.

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