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S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
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S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
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S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
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NASDAQ:MIK

The Michaels Companies Stock Forecast, Price & News

$16.37
-0.10 (-0.61 %)
(As of 01/19/2021 12:00 AM ET)
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Today's Range
$16.13
Now: $16.37
$16.93
50-Day Range
$10.22
MA: $13.00
$17.47
52-Week Range
$1.00
Now: $16.37
$17.90
Volume3.06 million shs
Average Volume4.67 million shs
Market Capitalization$2.42 billion
P/E Ratio10.91
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

MarketRank

Overall MarketRank

1.06 out of 5 stars

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Hobby, toy, & game shops
Sub-IndustryN/A
Current SymbolNASDAQ:MIK
CUSIPN/A
Phone972-409-1300
Employees76,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.07 billion
Cash Flow$3.14 per share
Book Value($9.85) per share

Profitability

Net Income$272.60 million

Miscellaneous

Market Cap$2.42 billion
Next Earnings Date3/16/2021 (Estimated)
OptionableOptionable
$16.37
-0.10 (-0.61 %)
(As of 01/19/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

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

The Michaels Companies' stock was trading at $3.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MIK shares have increased by 429.8% and is now trading at $16.37.
View which stocks have been most impacted by COVID-19
.

Is The Michaels Companies a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Michaels Companies in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 MarketBeat's top 5 stock picks.

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.

When is The Michaels Companies' next earnings date?

The Michaels Companies is scheduled to release its next quarterly earnings announcement on Tuesday, March 16th 2021.
View our earnings forecast for The Michaels Companies
.

How were The Michaels Companies' earnings last quarter?

The Michaels Companies, Inc. (NASDAQ:MIK) released its quarterly earnings results on Wednesday, December, 2nd. The specialty retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.27. The specialty retailer earned $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. The Michaels Companies had a net margin of 4.36% and a negative return on equity of 20.17%. The Michaels Companies's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share.
View The Michaels Companies' earnings history
.

What price target have analysts set for MIK?

7 brokerages have issued 1-year price objectives for The Michaels Companies' shares. Their forecasts range from $9.00 to $25.00. On average, they expect The Michaels Companies' share price to reach $14.33 in the next year. This suggests that the stock has a possible downside of 12.4%.
View analysts' price targets for The Michaels Companies
or view Wall Street analyst' top-rated stocks.

Are investors shorting The Michaels Companies?

The Michaels Companies saw a drop in short interest in December. As of December 31st, there was short interest totaling 25,390,000 shares, a drop of 21.5% from the December 15th total of 32,340,000 shares. Based on an average daily volume of 5,620,000 shares, the short-interest ratio is currently 4.5 days. Currently, 30.4% of the company's stock are sold short.
View The Michaels Companies' Short Interest
.

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 plc (ABF.L) (ABF).

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 61, Pay $1.38M)
  • Mr. John Robert Koch, Exec. VP of Stores & Devel. (Age 55, Pay $478.73k)
  • Mr. Michael Diamond, Exec. VP & CFO
  • Mr. James Edward Sullivan, Chief Accounting Officer, Sr. VP & Controller (Age 56)
  • Mr. Hsiao Wang, Exec. VP & Chief Information Officer
  • Ms. Elaine Locke, VP of Investor Relations & Treasurer
  • Mr. Tim Cheatham, Exec. VP, Gen. Counsel, Chief Compliance Officer & Sec. (Age 56)
  • Ms. Melanie Berman, Exec. VP & Chief HR Officer (Age 49)
  • Mr. Dennis A. Mullahy, Exec. VP of Information Technology (Age 55)

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 institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.04%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own The Michaels Companies stock include Beryl Raff and Blackstone Group Management L.
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 Crossmark Global Holdings Inc., and State of Alaska Department of Revenue.
View insider buying and selling activity for The Michaels Companies
or view top insider-selling 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.

What is The Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $16.37.

How big of a company is The Michaels Companies?

The Michaels Companies has a market capitalization of $2.42 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. The Michaels Companies employs 76,000 workers across the globe.

What is The Michaels Companies' official website?

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

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 1/20/2021 by MarketBeat.com Staff

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