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

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

Michaels Companies announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 15th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings data on Thursday, December, 6th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.04. The specialty retailer had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Michaels Companies had a negative return on equity of 24.35% and a net margin of 6.35%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. View Michaels Companies' Earnings History.

Michaels Companies is scheduled to release their next quarterly earnings announcement on Thursday, March 28th 2019. View Earnings Estimates for Michaels Companies.

Michaels Companies issued an update on its fourth quarter earnings guidance on Thursday, December, 6th. The company provided EPS guidance of $1.42-1.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.41. Michaels Companies also updated its FY 2018 guidance to $2.35-2.39 EPS.

10 analysts have issued 1 year price targets for Michaels Companies' stock. Their predictions range from $15.00 to $27.00. On average, they anticipate Michaels Companies' stock price to reach $20.6250 in the next twelve months. This suggests a possible upside of 40.4% from the stock's current price. View Analyst Price Targets for Michaels Companies.

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

Media headlines about MIK stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Michaels Companies earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave headlines about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

Michaels Companies saw a drop in short interest during the month of November. As of November 30th, there was short interest totalling 18,059,980 shares, a drop of 10.6% from the November 15th total of 20,202,627 shares. Based on an average trading volume of 2,168,531 shares, the short-interest ratio is presently 8.3 days. Approximately 18.5% of the company's shares are short sold. View Michaels Companies' Current Options Chain.

Some companies that are related to Michaels Companies include Burberry Group (BURBY), Herbalife Nutrition (HLF), L Brands (LB), Tripadvisor (TRIP), NEXT/ADR (NXGPY), Nordstrom (JWN), CHOW TAI FOOK J/ADR (CJEWY), J Sainsbury (JSAIY), JERONIMO MARTIN/ADR (JRONY), ZALANDO SE/ADR (ZLNDY), MONOTARO Co Ltd/ADR (MONOY), KAR Auction Services (KAR), Farfetch (FTCH), WM MORRISON SUP/ADR (MRWSY) and OCADO Grp PLC/S (OCDDY).

Michaels Companies' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.46%), Vanguard Group Inc (5.93%), BlackRock Inc. (5.18%), Alliancebernstein L.P. (2.75%), Massachusetts Financial Services Co. MA (2.50%) and FMR LLC (1.38%). 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 sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Tyvor Capital LLC, Bank of Montreal Can, First Quadrant L P CA, Los Angeles Capital Management & Equity Research Inc., AQR Capital Management LLC, BlackRock Inc. and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Michaels Companies.

MIK stock was purchased by a variety of institutional investors in the last quarter, including Goldentree Asset Management LP, WINTON GROUP Ltd, Teachers Retirement System of The State of Kentucky, Thompson Siegel & Walmsley LLC, Shufro Rose & Co. LLC, Alliancebernstein L.P., Nordea Investment Management AB and Seven Eight Capital LP. 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 $14.69.

Michaels Companies has a market capitalization of $2.37 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.

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]