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 for the quarter, missing analysts' consensus estimates 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 net margin of 5.30% and a negative return on equity of 22.75%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm 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 brokers have issued 12 month price targets for Michaels Companies' shares. Their forecasts range from $4.00 to $11.00. On average, they anticipate Michaels Companies' stock price to reach $7.41 in the next twelve months. This suggests a possible upside of 33.5% 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 headlines about MIK stock have trended very positive this week, InfoTrie reports. The research group identifies negative and positive 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 positive five, with scores closest to five being the most favorable. Michaels Companies earned a news sentiment score of 3.3 on InfoTrie's scale. They also assigned news coverage about the specialty retailer a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the near future. View News Stories for Michaels Companies.

Some companies that are related to Michaels Companies include Builders FirstSource (BLDR), KAR Auction Services (KAR), Wingstop (WING), WOOLWORTHS HOLD/GDR (WLWHY), Urban Outfitters (URBN), Shake Shack (SHAK), American Eagle Outfitters (AEO), Insight Enterprises (NSIT), Beacon Roofing Supply (BECN), Stitch Fix (SFIX), GOME ELECTRICAL/ADR (GMELY), Papa John's Int'l (PZZA), BMC Stock (BMCH), Bed Bath & Beyond (BBBY) and Sprouts Farmers Market (SFM).

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 variety of of retail and institutional investors. Top institutional investors include Ingalls & Snyder LLC (0.60%), Reinhart Partners Inc. (0.45%), Strs Ohio (0.29%), California Public Employees Retirement System (0.13%), Cerebellum GP LLC (0.05%) and State of Alaska Department of Revenue (0.04%). 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, Strs Ohio, Arizona State Retirement System, 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 bought by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Cerebellum GP LLC, FNY Investment Advisers LLC, SG Americas Securities LLC, California Public Employees Retirement System, CWM Advisors LLC and New York State Teachers Retirement System. 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 $5.55.

Michaels Companies has a market capitalization of $814.68 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]