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 has authorized 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 usually an indication that the company's management believes its shares are undervalued.

Michaels Companies Inc (NASDAQ:MIK) issued its earnings results on Thursday, June, 14th. The specialty retailer reported $0.39 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 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% compared to the same quarter last year. During the same period in the prior year, the firm 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 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 EPS 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' stock. 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 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 Yum China (YUMC), ZALANDO SE/ADR (ZLNDY), CarMax (KMX), Tapestry (TPR), Darden Restaurants (DRI), IAC (IAC), Chipotle Mexican Grill (CMG), Domino's Pizza (DPZ), Kohl's (KSS), Burberry Group plc Preference Shares (BURBY), CARREFOUR SA/S (CRRFY), GAP (GPS), NEXT/ADR (NXGPY), Macy's (M) and Wayfair (W).

Media stories about MIK stock have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Michaels Companies earned a coverage optimism score of 0.13 on Accern's scale. They also gave news coverage about the specialty retailer an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Michaels Companies' stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of Montreal Can (1.15%), Polianta Ltd (0.03%), Xact Kapitalforvaltning AB (0.01%), Atria Investments LLC (0.01%) and Cerebellum GP LLC (0.00%). 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 bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Polianta Ltd, 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 $3.60 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]