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 authorized a stock buyback plan on Thursday, June 15th 2017, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Michaels Companies Inc (NASDAQ:MIK) announced its earnings results on Thursday, August, 30th. The specialty retailer reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The specialty retailer earned $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. Michaels Companies had a net margin of 6.31% and a negative return on equity of 24.56%. Michaels Companies's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. View Michaels Companies' Earnings History.

Michaels Companies is scheduled to release their next quarterly earnings announcement on Thursday, December 6th 2018. View Earnings Estimates for Michaels Companies.

Michaels Companies will be holding an earnings conference call on Thursday, December 6th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8443404762.

Michaels Companies issued an update on its FY19 earnings guidance on Thursday, August, 30th. The company provided earnings per share guidance of $2.29-2.42 for the period, compared to the Thomson Reuters consensus estimate of $2.30. The company issued revenue guidance of $5.22-5.29 billion, compared to the consensus revenue estimate of $5.26 billion.Michaels Companies also updated its Q3 guidance to $0.42-0.45 EPS.

11 Wall Street analysts have issued 12-month price objectives for Michaels Companies' shares. Their predictions range from $15.00 to $27.00. On average, they anticipate Michaels Companies' share price to reach $21.25 in the next year. This suggests a possible upside of 21.7% 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 1 sell rating, 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Michaels Companies.

Media stories about MIK stock have been trending neutral recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Michaels Companies earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the specialty retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Some companies that are related to Michaels Companies include Burlington Stores (BURL), Tractor Supply (TSCO), Domino's Pizza (DPZ), CarMax (KMX), Qurate Retail Inc Series B (QRTEB), Qurate Retail Inc Series A (QRTEA), GAP (GPS), Nordstrom (JWN), Macy's (M), L Brands (LB), Burberry Group (BURBY), NEXT/ADR (NXGPY), J Sainsbury (JSAIY), ZALANDO SE/ADR (ZLNDY) and CHOW TAI FOOK J/ADR (CJEWY).

Michaels Companies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.18%), Alliancebernstein L.P. (2.75%), Massachusetts Financial Services Co. MA (2.50%), FMR LLC (1.38%), Dimensional Fund Advisors LP (1.16%) and Thompson Siegel & Walmsley LLC (1.14%). 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 $17.46.

Michaels Companies has a market capitalization of $2.97 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.macysinc.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]