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

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

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings results on Thursday, December, 5th. The specialty retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.49 by $0.09. The specialty retailer had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Michaels Companies had a negative return on equity of 22.75% and a net margin of 5.30%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. 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 issued an update on its fourth quarter earnings guidance on Thursday, December, 5th. The company provided EPS guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.42.

11 brokers have issued 1 year price targets for Michaels Companies' shares. Their forecasts range from $4.00 to $11.00. On average, they expect Michaels Companies' stock price to reach $7.41 in the next twelve months. This suggests a possible upside of 60.4% 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 coverage about MIK stock has trended neutral recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Michaels Companies earned a news impact score of 0.4 on InfoTrie's scale. They also gave press coverage about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Michaels Companies.

Michaels Companies saw a increase in short interest in January. As of January 31st, there was short interest totalling 33,730,000 shares, an increase of 9.9% from the January 15th total of 30,690,000 shares. Based on an average daily volume of 4,320,000 shares, the days-to-cover ratio is presently 7.8 days. Approximately 46.3% of the company's stock are sold short. View Michaels Companies' Current Options Chain.

Some companies that are related to Michaels Companies include Vivint Smart Home (VVNT), WOOLWORTHS HOLD/GDR (WLWHY), American Eagle Outfitters (AEO), Beacon Roofing Supply (BECN), Papa John's Int'l (PZZA), GOME ELECTRICAL/ADR (GMELY), Insight Enterprises (NSIT), BMC Stock (BMCH), Jack in the Box (JACK), J D Wetherspoon (JDWPY), DOMINOS PIZZA U/ADR (DPUKY), Bloomin' Brands (BLMN), PriceSmart (PSMT), Sprouts Farmers Market (SFM) and Asbury Automotive Group (ABG).

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), Coty (COTY), Ciena (CIEN) and Cypress Semiconductor (CY).

Michaels Companies' stock is owned by a number of of retail and institutional investors. Top institutional investors include Contrarius Investment Management Ltd (3.87%), Alliancebernstein L.P. (3.84%), AQR Capital Management LLC (3.18%), FMR LLC (2.17%), State Street Corp (2.13%) and Teacher Retirement System of Texas (2.12%). View Institutional Ownership Trends for Michaels Companies.

MIK stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Alliancebernstein L.P., Landscape Capital Management L.L.C., Schroder Investment Management Group, Ingalls & Snyder LLC, Thrivent Financial for Lutherans, TD Asset Management Inc. and MERIAN GLOBAL INVESTORS UK Ltd. View Insider Buying and Selling for Michaels Companies.

MIK stock was purchased by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Schonfeld Strategic Advisors LLC, AQR Capital Management LLC, Bank of New York Mellon Corp, Teacher Retirement System of Texas, Blueshift Asset Management LLC, Reinhart Partners Inc. and Barclays PLC. 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 $4.62.

Michaels Companies has a market capitalization of $678.17 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]