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

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

Michaels Companies announced that its Board of Directors has approved a share repurchase program on Thursday, June 15th 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings data on Thursday, June, 14th. The specialty retailer reported $0.39 earnings per share (EPS) 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 analyst estimates of $1.15 billion. Michaels Companies had a net margin of 6.44% and a negative return on equity of 24.87%. The business's revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. 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 earnings per share guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokers have issued twelve-month price objectives for Michaels Companies' shares. Their predictions range from $15.00 to $29.00. On average, they expect Michaels Companies' stock price to reach $23.1111 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price. View Analyst Ratings 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."

Some companies that are related to Michaels Companies include ZALANDO SE/ADR (ZLNDY), Yum China (YUMC), Tapestry (TPR), Darden Restaurants (DRI), CarMax (KMX), IAC (IAC), Chipotle Mexican Grill (CMG), Kohl's (KSS), Macy's (M), GAP (GPS), Domino's Pizza (DPZ), Burberry Group plc Preference Shares (BURBY), CARREFOUR SA/S (CRRFY), NEXT/ADR (NXGPY) and Wayfair (W).

News stories about MIK stock have been trending somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Michaels Companies earned a daily sentiment score of 0.05 on Accern's scale. They also assigned media stories about the specialty retailer an impact score of 46.34 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Michaels Companies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (1.15%), Polianta Ltd (0.03%), James Investment Research Inc. (0.02%), Municipal Employees Retirement System of Michigan (0.01%), Xact Kapitalforvaltning AB (0.01%) and Atria Investments LLC (0.01%). 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.

MIK stock was sold by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for Michaels Companies.

MIK stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Polianta Ltd, James Investment Research Inc., Atria Investments LLC, Cerebellum GP LLC and Xact Kapitalforvaltning AB. 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 $19.91.

Michaels Companies has a market capitalization of $3.68 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]