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 authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings results on Thursday, June, 14th. The specialty retailer reported $0.39 EPS for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.01. The specialty retailer earned $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Michaels Companies had a negative return on equity of 24.87% and a net margin of 6.44%. The firm's revenue for the quarter 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 Wednesday, August, 22nd 2018. View Earnings Estimates for Michaels Companies.

Michaels Companies issued an update on its FY19 earnings guidance on Thursday, June, 14th. The company provided earnings per share 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 analysts have issued twelve-month price targets for Michaels Companies' stock. Their predictions range from $15.00 to $29.00. On average, they anticipate Michaels Companies' share price to reach $23.40 in the next year. View Analyst Ratings for Michaels Companies.

Some companies that are related to Michaels Companies include CarMax (KMX), Chipotle Mexican Grill (CMG), CHOW TAI FOOK J/ADR (CJEWY), Kohl's (KSS), GAP (GPS), Burberry (BURBY), NEXT/ADR (NXGPY), Domino's Pizza (DPZ), Macy's (M), Darden Restaurants (DRI), Burlington Stores (BURL), Advance Auto Parts (AAP), Qurate Retail Group (QRTEA), Qurate Retail Inc Series B (QRTEB) and L Brands (LB).

News stories about MIK stock have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. 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 daily sentiment score of 0.15 on Accern's scale. They also gave media stories about the specialty retailer an impact score of 46.32 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Michaels Companies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.15%), Massachusetts Financial Services Co. MA (3.23%), Dimensional Fund Advisors LP (0.88%), Old Mutual Global Investors UK Ltd. (0.74%), Schroder Investment Management Group (0.68%) and Tyvor Capital LLC (0.68%). Company insiders that own Michaels Companies stock include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Joshua Bekenstein 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 Old Mutual Global Investors UK Ltd., Foresters Investment Management Company Inc., Barclays PLC, Thompson Siegel & Walmsley LLC, Prudential Financial Inc., Envestnet Asset Management Inc., Dupont Capital Management Corp and Employees Retirement System of Texas. View Insider Buying and Selling for Michaels Companies.

MIK stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, UBS Group AG, Impax Asset Management LLC, Tyvor Capital LLC, Millennium Management LLC, Hawk Ridge Capital Management LP, Hancock Holding Co. and Spark Investment Management 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 $17.83.

Michaels Companies has a market capitalization of $3.28 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]