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

-0.76 (-27.34 %)
(As of 03/29/2020 02:31 AM ET)
Today's Range
Now: $2.02
50-Day Range
MA: $3.76
52-Week Range
Now: $2.02
Volume7.38 million shs
Average Volume6.17 million shs
Market Capitalization$296.64 million
P/E Ratio1.10
Dividend YieldN/A
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

Industry, Sector and Symbol

Industry Hobby, toy, & game shops
Current SymbolNASDAQ:MIK



Sales & Book Value

Annual Sales$5.07 billion
Cash Flow$2.22 per share
Book Value($9.85) per share


Net Income$272.60 million


Market Cap$296.64 million
Next Earnings Date6/4/2020 (Estimated)

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, MIK stock has decreased by 34.6% and is now trading at $2.02. View which stocks have been mosted impacted by Coronavirus.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating 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 Thursday, June 4th 2020. View our earnings forecast for Michaels Companies.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) released its earnings results on Tuesday, March, 17th. The specialty retailer reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.01. The specialty retailer had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. Michaels Companies had a negative return on equity of 20.71% and a net margin of 5.37%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 earnings per share. View Michaels Companies' earnings history.

What guidance has Michaels Companies issued on next quarter's earnings?

Michaels Companies updated its first quarter 2020 Pre-Market earnings guidance on Tuesday, March, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.08-1.1 billion, compared to the consensus revenue estimate of $1.09 billion.

What price target have analysts set for MIK?

11 Wall Street analysts have issued 1-year price targets for Michaels Companies' stock. Their forecasts range from $2.00 to $10.00. On average, they anticipate Michaels Companies' share price to reach $5.85 in the next twelve months. This suggests a possible upside of 189.6% from the stock's current price. View analysts' price targets for Michaels Companies.

Has Michaels Companies been receiving favorable news coverage?

Headlines about MIK stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Michaels Companies earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave media coverage about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMichaels Companies.

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 Cypress Semiconductor (CY).

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 Contrarius Investment Management Ltd (3.87%), Alliancebernstein L.P. (3.84%), AQR Capital Management LLC (3.18%), FMR LLC (2.17%), State Street Corp (2.13%) and Teacher Retirement System of Texas (2.12%). 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 Prudential Financial Inc., Alliancebernstein L.P., Landscape Capital Management L.L.C., Schroder Investment Management Group, Ingalls & Snyder LLC, Thrivent Financial for Lutherans, TD Asset Management Inc., and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity for Michaels Companies.

Which institutional investors are buying Michaels Companies stock?

MIK stock was acquired by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Norges Bank, Schonfeld Strategic Advisors LLC, AQR Capital Management LLC, Bank of New York Mellon Corp, Teacher Retirement System of Texas, Blueshift Asset Management LLC, and Reinhart Partners 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 $2.02.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $296.64 million 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. View additional information about Michaels Companies.

What is Michaels Companies' official website?

The official website for Michaels Companies is http://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]

MarketBeat Community Rating for Michaels Companies (NASDAQ MIK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  427 (Vote Outperform)
Underperform Votes:  484 (Vote Underperform)
Total Votes:  911
MarketBeat's community ratings are surveys of what our community members think about Michaels Companies and other stocks. Vote "Outperform" if you believe MIK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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