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NASDAQ:MIKMichaels Companies Stock Price, Forecast & News

$6.90
+0.23 (+3.45 %)
(As of 07/15/2020 01:59 PM ET)
Add
Compare
Today's Range
$6.69
Now: $6.90
$7.04
50-Day Range
$2.93
MA: $5.93
$8.74
52-Week Range
$1.00
Now: $6.90
$11.10
Volume2.21 million shs
Average Volume5.20 million shs
Market Capitalization$1.02 billion
P/E Ratio5.95
Dividend YieldN/A
Beta2.71
The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services. The company also operates Pat Catan's stores that provide approximately 57,000 SKUs, including an assortment of kids craft items, fine art supplies, yarns, floral supplies, fabrics, home décor, bakeware and seasonal products, and wedding related merchandise. In addition, the company provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart, Loops & Threads, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures custom and specialty framing merchandise; distributes craft and hobby items products under the Darice brand; and sells its products through an e-commerce platform. As of January 30, 2019, the company owned and operated approximately 1,200 stores in 49 states and Canada under the Michaels, Aaron Brothers, and Pat Catan's brands. It also serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com Websites. The Michaels Companies, Inc. was founded in 2013 and is headquartered in Irving, Texas.
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Michaels Companies logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.28 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.07 billion
Cash Flow$3.29 per share
Book Value($9.85) per share

Profitability

Net Income$272.60 million

Miscellaneous

Employees76,000
Market Cap$1.02 billion
Next Earnings Date9/2/2020 (Estimated)
OptionableOptionable

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Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

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

Michaels Companies' stock was trading at $3.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MIK shares have increased by 123.3% and is now trading at $6.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Michaels Companies?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 3 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Michaels Companies.

When is Michaels Companies' next earnings date?

Michaels Companies is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Michaels Companies.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) announced its quarterly earnings data on Thursday, June, 4th. The specialty retailer reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.57. The specialty retailer earned $799.90 million during the quarter, compared to analysts' expectations of $1.03 billion. Michaels Companies had a negative return on equity of 13.67% and a net margin of 3.59%. The firm's revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. View Michaels Companies' earnings history.

What price target have analysts set for MIK?

10 equities research analysts have issued 12-month price targets for Michaels Companies' shares. Their forecasts range from $2.00 to $13.00. On average, they anticipate Michaels Companies' stock price to reach $6.50 in the next twelve months. This suggests that the stock has a possible downside of 5.8%. View analysts' price targets for Michaels Companies.

Has Michaels Companies been receiving favorable news coverage?

Media stories about MIK stock have been trending negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Michaels Companies earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news coverage about the specialty retailer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news about Michaels Companies.

Are investors shorting Michaels Companies?

Michaels Companies saw a decrease in short interest in June. As of June 30th, there was short interest totaling 24,890,000 shares, a decrease of 10.9% from the June 15th total of 27,950,000 shares. Based on an average daily trading volume, of 5,720,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 34.0% of the company's shares are short sold. View Michaels Companies' Current Options Chain.

Who are some of Michaels Companies' key competitors?

What other stocks do shareholders of Michaels Companies own?

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

Who are Michaels Companies' key executives?

Michaels Companies' management team includes the following people:
  • Mr. Carl S. Rubin, Chairman & CEO (Age 59)
  • Ms. Denise A. Paulonis, Exec. VP & CFO (Age 47)
  • Mr. Stephen Jon Carlotti, Exec. VP of Marketing (Age 52)
  • Mr. Dennis A. Mullahy, Exec. VP of Information Technology (Age 54)
  • Mr. James Edward Sullivan, Sr. VP, Chief Accounting Officer & Controller (Age 55)

What is Michaels Companies' stock symbol?

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

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by many different institutional and retail investors. Top institutional shareholders include 6 Meridian (0.02%) and Envestnet Asset Management Inc. (0.02%). View institutional ownership trends for Michaels Companies.

Which institutional investors are selling Michaels Companies stock?

MIK stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian, and Envestnet Asset Management Inc.. View insider buying and selling activity for Michaels Companies.

How do I buy shares of 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.

What is Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $6.90.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $1.02 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. Michaels Companies employs 76,000 workers across the globe.

What is Michaels Companies' official website?

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

How can I contact Michaels Companies?

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 7/15/2020 by MarketBeat.com Staff

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