NASDAQ:MIK - Michaels Companies Stock Price, News, & Analysis

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

Michaels Companies announced that its board has approved a share repurchase plan on Thursday, June 15th 2017, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Michaels Companies Inc (NASDAQ:MIK) posted its earnings results on Thursday, June, 14th. The specialty retailer reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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%. Michaels Companies's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. View Michaels Companies' Earnings History.

Michaels Companies is scheduled to release their next quarterly earnings announcement on Thursday, August, 30th 2018. View Earnings Estimates for Michaels Companies.

Michaels Companies issued an update on 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.

12 brokerages have issued 1 year target prices for Michaels Companies' shares. Their forecasts range from $15.00 to $29.00. On average, they anticipate Michaels Companies' stock price to reach $23.1111 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Michaels Companies.

12 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, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Michaels Companies.

Michaels Companies saw a drop in short interest during the month of July. As of July 31st, there was short interest totalling 19,441,322 shares, a drop of 10.2% from the July 13th total of 21,638,908 shares. Based on an average daily volume of 1,631,928 shares, the days-to-cover ratio is presently 11.9 days. Currently, 17.9% of the company's shares are short sold. View Michaels Companies' Current Options Chain.

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

News coverage about MIK stock has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Michaels Companies earned a media and rumor sentiment score of 0.12 on Accern's scale. They also assigned news articles about the specialty retailer an impact score of 45.89 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Michaels Companies.

Michaels Companies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.19%), Massachusetts Financial Services Co. MA (2.62%), Tyvor Capital LLC (1.36%), FMR LLC (1.34%), Bank of Montreal Can (1.15%) and Bank of New York Mellon Corp (0.96%). 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 Voya Investment Management LLC, Massachusetts Financial Services Co. MA, Millennium Management LLC, Bank of America Corp DE, Schroder Investment Management Group, Trexquant Investment LP, First Trust Advisors LP and Aperio Group LLC. View Insider Buying and Selling for Michaels Companies.

MIK stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Bank of Montreal Can, Tyvor Capital LLC, Sapience Investments LLC, Mackay Shields LLC, Reinhart Partners Inc., Canada Pension Plan Investment Board and Thompson Siegel & Walmsley 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 $20.34.

Michaels Companies has a market capitalization of $3.69 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]