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

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

Michaels Companies Inc (NASDAQ:MIK) released its quarterly earnings data on Thursday, December, 5th. The specialty retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.09. The specialty retailer earned $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Michaels Companies had a net margin of 5.30% and a negative return on equity of 22.75%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. View Michaels Companies' Earnings History.

Michaels Companies is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Michaels Companies.

Michaels Companies updated its fourth quarter earnings guidance on Thursday, December, 5th. The company provided earnings per share (EPS) guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42.

11 brokers have issued 1 year price objectives for Michaels Companies' shares. Their forecasts range from $4.00 to $11.00. On average, they anticipate Michaels Companies' share price to reach $7.41 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price. View Analyst Price Targets for Michaels Companies.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 4 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Michaels Companies.

Media headlines about MIK stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Michaels Companies earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave media stories about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Michaels Companies.

Some companies that are related to Michaels Companies include GREENE KING PLC/S (GKNGY), Lithia Motors (LAD), ASOS PLC/ADR (ASOMY), Builders FirstSource (BLDR), WOOLWORTHS HOLD/GDR (WLWHY), KAR Auction Services (KAR), Shake Shack (SHAK), Wingstop (WING), Urban Outfitters (URBN), Beacon Roofing Supply (BECN), Stitch Fix (SFIX), Insight Enterprises (NSIT), American Eagle Outfitters (AEO), GOME ELECTRICAL/ADR (GMELY) and BMC Stock (BMCH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Michaels Companies investors own include Intelsat (I), Bank of America (BAC), AMC Entertainment (AMC), Fossil Group (FOSL), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), Cypress Semiconductor (CY) and Apollo Global Management (APO).

Michaels Companies' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Ingalls & Snyder LLC (0.60%), Cerebellum GP LLC (0.05%), State of Alaska Department of Revenue (0.04%), We Are One Seven LLC (0.02%), FNY Investment Advisers LLC (0.02%) and Louisiana State Employees Retirement System (0.02%). Company insiders that own Michaels Companies stock include Beryl Raff and Carl Rubin. View Institutional Ownership Trends for Michaels Companies.

MIK stock was sold by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC, State of Alaska Department of Revenue, We Are One Seven LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Michaels Companies.

MIK stock was purchased by a variety of institutional investors in the last quarter, including Cerebellum GP LLC and FNY Investment Advisers 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, Robinhood, Fidelity and Charles Schwab.

One share of MIK stock can currently be purchased for approximately $6.37.

Michaels Companies has a market capitalization of $935.02 million and generates $5.27 billion in revenue each year. The specialty retailer earns $319.55 million in net income (profit) each year or $2.35 on an earnings per share basis. Michaels Companies employs 47,000 workers across the globe.View Additional Information About Michaels Companies.

The official website for Michaels Companies is http://www.michaels.com/.

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]