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

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$18.80 -0.94 (-4.76 %)
(As of 06/25/2018 03:43 PM ET)
Previous Close$19.64
Today's Range$18.73 - $19.68
52-Week Range$17.25 - $27.87
Volume150,463 shs
Average Volume3.56 million shs
Market Capitalization$3.59 billion
P/E Ratio8.79
Dividend YieldN/A
Beta1.23
Michaels Companies logoThe 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 February 3, 2018, the company owned and operated 1,371 stores in 49 states and Canada under the Michaels, Aaron Brothers, and Pat Catan's brands. The company was founded in 2013 and is headquartered in Irving, Texas.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio-1.82
Current Ratio1.79
Quick Ratio0.60

Price-To-Earnings

Trailing P/E Ratio8.79
Forward P/E Ratio8.21
P/E Growth0.99

Sales & Book Value

Annual Sales$5.36 billion
Price / Sales0.64
Cash Flow$2.7485 per share
Price / Cash6.84
Book Value($8.15) per share
Price / Book-2.31

Profitability

EPS (Most Recent Fiscal Year)$2.17
Net Income$390.49 million
Net Margins6.44%
Return on Equity-24.87%
Return on Assets17.98%

Miscellaneous

Employees49,000
Outstanding Shares182,070,000

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Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

What is Michaels Companies' stock symbol?

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

How will Michaels Companies' stock buyback program work?

Michaels Companies declared that its board has approved a stock repurchase 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 buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

How were Michaels Companies' earnings last quarter?

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

When is Michaels Companies' next earnings date?

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

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

Michaels Companies issued an update on its FY19 earnings guidance on Thursday, June, 14th. The company provided earnings per share 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.

What price target have analysts set for MIK?

11 brokerages have issued 12-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. View Analyst Ratings for Michaels Companies.

Who are some of Michaels Companies' key competitors?

Who are Michaels Companies' key executives?

Michaels Companies' management team includes the folowing people:
  • Mr. Carl S. Rubin, Chairman & CEO (Age 58)
  • Ms. Denise A. Paulonis, Exec. VP & CFO (Age 46)
  • Mr. Stephen Jon Carlotti, Exec. VP of Marketing (Age 51)
  • Mr. Charles M. Sonsteby, Former Vice Chairman (Age 64)
  • Mr. Philo T. Pappas, Exec. VP of Global Sourcing Operations (Age 59)

Has Michaels Companies been receiving favorable news coverage?

Press coverage about MIK stock has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Michaels Companies earned a media sentiment score of 0.08 on Accern's scale. They also assigned media headlines about the specialty retailer an impact score of 45.95 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.15%), Massachusetts Financial Services Co. MA (3.23%), Dimensional Fund Advisors LP (0.88%), Old Mutual Global Investors UK Ltd. (0.74%), Schroder Investment Management Group (0.68%) and Tyvor Capital LLC (0.68%). Company insiders that own Michaels Companies stock include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Joshua Bekenstein and Philo Pappas. View Institutional Ownership Trends for Michaels Companies.

Which major investors are selling Michaels Companies stock?

MIK stock was sold by a variety of institutional investors in the last quarter, including Old Mutual Global Investors UK Ltd., Foresters Investment Management Company Inc., Barclays PLC, Thompson Siegel & Walmsley LLC, Prudential Financial Inc., Envestnet Asset Management Inc., Dupont Capital Management Corp and Employees Retirement System of Texas. View Insider Buying and Selling for Michaels Companies.

Which major investors are buying Michaels Companies stock?

MIK stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, UBS Group AG, Impax Asset Management LLC, Tyvor Capital LLC, Millennium Management LLC, Hawk Ridge Capital Management LP, Hancock Holding Co. and Spark Investment Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $18.85.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $3.59 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.

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 (MIK)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  596
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 6/25/2018 by MarketBeat.com Staff

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