NASDAQ:MIK - Michaels Companies Stock Price, Price Target & More

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

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

Michaels Companies Inc (NASDAQ:MIK) posted its quarterly earnings results on Thursday, June, 14th. The specialty retailer reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The specialty retailer earned $1.16 billion during the quarter, compared to analysts' expectations of $1.15 billion. Michaels Companies had a net margin of 6.44% and a negative return on equity of 24.87%. The company's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. View Michaels Companies' Earnings History.

Michaels Companies is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Michaels Companies.

Michaels Companies issued an update on its FY19 earnings guidance on Thursday, June, 14th. The company provided earnings per share (EPS) guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.32. The company issued revenue guidance of $5.217-5.293 billion, compared to the consensus revenue estimate of $5.26 billion.Michaels Companies also updated its Q2 guidance to $0.12-0.14 EPS.

11 equities research analysts have issued twelve-month target prices for Michaels Companies' shares. Their predictions range from $15.00 to $29.00. On average, they expect Michaels Companies' stock price to reach $23.1111 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View Analyst Ratings 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."

Some companies that are related to Michaels Companies include Yum China (YUMC), ZALANDO SE/ADR (ZLNDY), Darden Restaurants (DRI), CarMax (KMX), Tapestry (TPR), IAC (IAC), Chipotle Mexican Grill (CMG), Kohl's (KSS), Domino's Pizza (DPZ), Burberry Group plc Preference Shares (BURBY), CARREFOUR SA/S (CRRFY), NEXT/ADR (NXGPY), GAP (GPS), Macy's (M) and CHOW TAI FOOK J/ADR (CJEWY).

News stories about MIK stock have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Michaels Companies earned a news impact score of 0.10 on Accern's scale. They also assigned headlines about the specialty retailer an impact score of 45.66 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Michaels Companies' stock is owned by many different of retail and institutional investors. Top institutional investors include Bank of Montreal Can (1.15%), Polianta Ltd (0.03%), Xact Kapitalforvaltning AB (0.01%), Atria Investments LLC (0.01%) and Cerebellum GP LLC (0.00%). 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Polianta Ltd, Atria Investments LLC, Cerebellum GP LLC and Xact Kapitalforvaltning AB. 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 $19.91.

Michaels Companies has a market capitalization of $3.57 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.

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]