NASDAQ:MIK

The Michaels Companies Stock Forecast, Price & News

$21.97
0.00 (0.00 %)
(As of 04/15/2021 12:00 AM ET)
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Today's Range
$21.97
Now: $21.97
$21.97
50-Day Range
$14.95
MA: $21.18
$22.02
52-Week Range
$1.86
Now: $21.97
$22.42
VolumeN/A
Average Volume5.65 million shs
Market Capitalization$3.12 billion
P/E Ratio14.65
Dividend YieldN/A
Beta3.18
The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for hobbyist and do-it-yourself home decorators in the United States and Canada. It operates Michaels stores that offer approximately 45,000 basic and seasonal stock-keeping units (SKUs) in arts, crafts, framing, floral, and home décor and seasonal merchandise. The company also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, ArtMinds, Artist's Loft, Craft Smart, Loops & Threads, Simply Tidy, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures and supplies precut mats and custom framing merchandise; and distributes craft and hobby items products under the Darice brand. As of February 1, 2020, the company operated approximately 1,274 Michaels retail stores in 49 states and Canada. It also serves customers through Michaels.com, ConsumerCrafts.com, Canada.Michaels.com, Darice.com, and AaronBrothers.com websites, as well as through its Michaels app. The Michaels Companies, Inc. was incorporated in 1983 and is headquartered in Irving, Texas.
The Michaels Companies logo

Industry, Sector and Symbol

Industry Hobby, toy, & game shops
Sub-IndustryN/A
Current SymbolNASDAQ:MIK
CUSIPN/A
Phone972-409-1300
Employees11,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.07 billion
Cash Flow$4.22 per share
Book Value($9.85) per share

Profitability

Net Income$272.60 million

Miscellaneous

Market Cap$3.12 billion
Next Earnings Date6/3/2021 (Estimated)
OptionableOptionable

Headlines

Is MIK Stock A Buy or Sell?
April 12, 2021 |  finance.yahoo.com
B. Riley Financial Set to Join S&P SmallCap 600
April 12, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.05 out of 5 stars

Retail/Wholesale Sector

189th out of 383 stocks

Hobby, Toy, & Game Shops Industry

1st out of 2 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
$21.97
0.00 (0.00 %)
(As of 04/15/2021 12:00 AM ET)
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The Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

Is The Michaels Companies a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Michaels Companies in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
View analyst ratings for The Michaels Companies
or view top-rated stocks.

What stocks does MarketBeat like better than The Michaels Companies?

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.
View MarketBeat's top stock picks here.

Are investors shorting The Michaels Companies?

The Michaels Companies saw a decrease in short interest in March. As of March 15th, there was short interest totaling 8,900,000 shares, a decrease of 32.7% from the February 28th total of 13,230,000 shares. Based on an average daily trading volume, of 5,880,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 9.9% of the company's shares are sold short.
View The Michaels Companies' Short Interest
.

When is The Michaels Companies' next earnings date?

The Michaels Companies is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for The Michaels Companies
.

How were The Michaels Companies' earnings last quarter?

The Michaels Companies, Inc. (NASDAQ:MIK) issued its quarterly earnings results on Wednesday, March, 3rd. The specialty retailer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.12. The specialty retailer earned $1.92 billion during the quarter, compared to analysts' expectations of $1.83 billion. The Michaels Companies had a negative trailing twelve-month return on equity of 20.17% and a net margin of 4.36%. The company's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS.
View The Michaels Companies' earnings history
.

How has The Michaels Companies' stock been impacted by COVID-19?

The Michaels Companies' stock was trading at $3.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MIK stock has increased by 611.0% and is now trading at $21.97.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MIK?

6 brokerages have issued twelve-month price objectives for The Michaels Companies' stock. Their forecasts range from $9.00 to $22.00. On average, they expect The Michaels Companies' stock price to reach $15.50 in the next year. This suggests that the stock has a possible downside of 29.4%.
View analysts' price targets for The Michaels Companies
or view top-rated stocks among Wall Street analysts.

Who are The Michaels Companies' key executives?

The Michaels Companies' management team includes the following people:
  • Mr. Ashley Buchanan, Pres, CEO & Director (Age 46, Pay $3.74M)
  • Mr. Mark S. Cosby, Sr. Advisor & Director (Age 62, Pay $1.38M)
  • Mr. John Robert Koch, Exec. VP of Real Estate & Artistree (Age 56, Pay $478.73k)
  • Mr. Michael Diamond, Chief Financial Officer
  • Mr. James Edward Sullivan, Chief Accounting Officer, Sr. VP & Controller (Age 57)
  • Mr. Hsiao Wang, Exec. VP & Chief Information Officer
  • Ms. Elaine Locke, VP of Investor Relations & Treasurer
  • Mr. Tim Cheatham, Exec. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Ronald J. Stoupa, Sr. VP & Chief Marketing Officer
  • Ms. Brynn L. Evanson, Exec. VP & Chief HR Officer (Age 51)

What is Ashley Buchanan's approval rating as The Michaels Companies' CEO?

132 employees have rated The Michaels Companies CEO Ashley Buchanan on Glassdoor.com. Ashley Buchanan has an approval rating of 56% among The Michaels Companies' employees. This puts Ashley Buchanan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of The Michaels Companies' key competitors?

What other stocks do shareholders of The Michaels Companies own?

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 (ABF).

What is The Michaels Companies' stock symbol?

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

Who are The Michaels Companies' major shareholders?

The Michaels Companies' stock is owned by a number of retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.15%), Hodges Capital Management Inc. (0.15%), State of Alaska Department of Revenue (0.03%), Louisiana State Employees Retirement System (0.02%), TrimTabs Asset Management LLC (0.02%) and Everence Capital Management Inc. (0.01%). Company insiders that own The Michaels Companies stock include Beryl Raff, Blackstone Group Management L and Jim Sullivan.
View institutional ownership trends for The Michaels Companies
.

Which institutional investors are selling The Michaels Companies stock?

MIK stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Crossmark Global Holdings Inc., and Louisiana State Employees Retirement System. Company insiders that have sold The Michaels Companies company stock in the last year include Blackstone Group Management L, and Jim Sullivan.
View insider buying and selling activity for The Michaels Companies
or view top insider-selling stocks.

Which institutional investors are buying The Michaels Companies stock?

MIK stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Hodges Capital Management Inc., TrimTabs Asset Management LLC, and Everence Capital Management Inc..
View insider buying and selling activity for The Michaels Companies
or or view top insider-buying stocks.

How do I buy shares of The 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $21.97.

How much money does The Michaels Companies make?

The Michaels Companies has a market capitalization of $3.12 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.

How many employees does The Michaels Companies have?

The Michaels Companies employs 11,000 workers across the globe.

What is The Michaels Companies' official website?

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

Where are The Michaels Companies' headquarters?

The Michaels Companies is headquartered at 8000 BENT BRANCH DRIVE, IRVING TX, 75063.

How can I contact The Michaels Companies?

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]


This page was last updated on 4/17/2021 by MarketBeat.com Staff
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