NASDAQ:MIK - Michaels Companies Stock Price, Price Target & More

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

Michaels Companies declared that its board has initiated a stock repurchase program on Thursday, June 15th 2017, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Michaels Companies Inc (NASDAQ:MIK) released its quarterly earnings data on Thursday, June, 14th. The specialty retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The specialty retailer had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.15 billion. Michaels Companies had a negative return on equity of 24.87% and a net margin of 6.44%. The company's quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. View Michaels Companies' Earnings History.

Michaels Companies is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Michaels Companies.

Michaels Companies updated its FY19 earnings guidance on Thursday, June, 14th. The company provided EPS guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus estimate of $2.32. The company issued revenue guidance of $5.217-5.293 billion, compared to the consensus revenue estimate of $5.26 billion.Michaels Companies also updated its Q2 guidance to $0.12-0.14 EPS.

11 brokerages have issued 1 year target prices for Michaels Companies' stock. Their forecasts range from $15.00 to $29.00. On average, they expect Michaels Companies' stock price to reach $23.1111 in the next twelve months. View Analyst Ratings for Michaels Companies.

Some companies that are related to Michaels Companies include ZALANDO SE/ADR (ZLNDY), Tapestry (TPR), IAC (IAC), Mercadolibre (MELI), CARREFOUR SA/S (CRRFY), CarMax (KMX), Chipotle Mexican Grill (CMG), GAP (GPS), Kohl's (KSS), CHOW TAI FOOK J/ADR (CJEWY), Domino's Pizza (DPZ), Macy's (M), Burberry (BURBY), NEXT/ADR (NXGPY) and Darden Restaurants (DRI).

Media stories about MIK stock have trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Michaels Companies earned a news sentiment score of 0.04 on Accern's scale. They also assigned headlines about the specialty retailer an impact score of 46.99 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Michaels Companies' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.15%), Massachusetts Financial Services Co. MA (3.23%), Dimensional Fund Advisors LP (0.88%), Old Mutual Global Investors UK Ltd. (0.74%), Schroder Investment Management Group (0.68%) and Tyvor Capital LLC (0.68%). Company insiders that own Michaels Companies stock include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Joshua Bekenstein and Philo Pappas. View Institutional Ownership Trends for Michaels Companies.

MIK stock was sold by a variety of institutional investors in the last quarter, including Old Mutual Global Investors UK Ltd., Foresters Investment Management Company Inc., Barclays PLC, Thompson Siegel & Walmsley LLC, Prudential Financial Inc., Envestnet Asset Management Inc., Dupont Capital Management Corp and Employees Retirement System of Texas. View Insider Buying and Selling for Michaels Companies.

MIK stock was purchased by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, UBS Group AG, Impax Asset Management LLC, Tyvor Capital LLC, Millennium Management LLC, Hawk Ridge Capital Management LP, Hancock Holding Co. and Spark Investment Management LLC. View Insider Buying and Selling for 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.

One share of MIK stock can currently be purchased for approximately $19.47.

Michaels Companies has a market capitalization of $3.41 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.

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]