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 approved a stock repurchase program on Thursday, June 15th 2017, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Michaels Companies Inc (NASDAQ:MIK) announced its quarterly earnings results on Thursday, June, 14th. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 24.87% and a net margin of 6.44%. The firm's revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $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 issued an update on 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 brokerages have issued 12-month target prices 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 year. View Analyst Ratings for Michaels Companies.

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

Press coverage about MIK stock has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Michaels Companies earned a media sentiment score of 0.08 on Accern's scale. They also assigned media headlines about the specialty retailer an impact score of 45.95 out of 100, meaning 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 a variety of of institutional and retail investors. Top institutional shareholders 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 acquired 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 $18.85.

Michaels Companies has a market capitalization of $3.59 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]