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

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

Michaels Companies Inc (NASDAQ:MIK) released its earnings results on Thursday, December, 5th. The specialty retailer reported $0.40 earnings per share (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 analysts' expectations of $1.26 billion. Michaels Companies had a negative return on equity of 22.75% and a net margin of 5.30%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 earnings per share (EPS) guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42.

11 Wall Street analysts have issued 1-year price objectives for Michaels Companies' shares. Their forecasts range from $4.00 to $11.00. On average, they anticipate Michaels Companies' share price to reach $7.41 in the next twelve months. This suggests a possible upside of 15.8% 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.

News stories about MIK stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Michaels Companies earned a news impact score of -3.0 on InfoTrie's scale. They also gave media coverage 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. View News Stories for Michaels Companies.

Some companies that are related to Michaels Companies include Canada Goose (GOOS), Qurate Retail Inc Series A (QRTEA), Qurate Retail Inc Series B (QRTEB), ASOS PLC/ADR (ASOMY), GREENE KING PLC/S (GKNGY), Lithia Motors (LAD), WOOLWORTHS HOLD/GDR (WLWHY), Builders FirstSource (BLDR), KAR Auction Services (KAR), Shake Shack (SHAK), Urban Outfitters (URBN), Wingstop (WING), Stitch Fix (SFIX), Insight Enterprises (NSIT) and Beacon Roofing Supply (BECN).

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), Ciena (CIEN), Cypress Semiconductor (CY) and Apollo Global Management (APO).

Michaels Companies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Ingalls & Snyder LLC (0.60%), Cerebellum GP LLC (0.05%), State of Alaska Department of Revenue (0.04%), We Are One Seven LLC (0.02%), FNY Investment Advisers LLC (0.02%) and Louisiana State Employees Retirement System (0.02%). Company insiders that own Michaels Companies stock include Beryl Raff and Carl Rubin. View Institutional Ownership Trends for Michaels Companies.

MIK stock was sold by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC, State of Alaska Department of Revenue, We Are One Seven LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Michaels Companies.

MIK stock was purchased by a variety of institutional investors in the last quarter, including Cerebellum GP LLC and FNY Investment Advisers 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, Robinhood, Fidelity and Charles Schwab.

One share of MIK stock can currently be purchased for approximately $6.40.

Michaels Companies has a market capitalization of $939.46 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]