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

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

Michaels Companies announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 15th 2017, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Michaels Companies Inc (NASDAQ:MIK) released its quarterly earnings data on Thursday, June, 14th. The specialty retailer reported $0.39 earnings per share 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 the consensus estimate of $1.15 billion. Michaels Companies had a net margin of 6.44% and a negative return on equity of 24.87%. Michaels Companies's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last 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 Thursday, August, 30th 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 guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus 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.

12 analysts have issued 1 year price targets for Michaels Companies' stock. Their predictions range from $15.00 to $29.00. On average, they expect Michaels Companies' share price to reach $23.1111 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price. View Analyst Price Targets for Michaels Companies.

12 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, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Michaels Companies.

Michaels Companies saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 19,441,322 shares, a drop of 10.2% from the July 13th total of 21,638,908 shares. Based on an average trading volume of 1,631,928 shares, the days-to-cover ratio is presently 11.9 days. Currently, 17.9% of the company's stock are sold short. View Michaels Companies' Current Options Chain.

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

News headlines about MIK stock have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michaels Companies earned a coverage optimism score of 0.15 on Accern's scale. They also assigned media coverage about the specialty retailer an impact score of 45.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Michaels Companies.

Michaels Companies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.19%), Massachusetts Financial Services Co. MA (2.62%), Tyvor Capital LLC (1.36%), FMR LLC (1.34%), Bank of Montreal Can (1.15%) and Bank of New York Mellon Corp (0.96%). 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 sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Massachusetts Financial Services Co. MA, Millennium Management LLC, Bank of America Corp DE, Schroder Investment Management Group, Trexquant Investment LP, First Trust Advisors LP and Aperio Group LLC. View Insider Buying and Selling for Michaels Companies.

MIK stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Bank of Montreal Can, Tyvor Capital LLC, Sapience Investments LLC, Mackay Shields LLC, Reinhart Partners Inc., Canada Pension Plan Investment Board and Thompson Siegel & Walmsley 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, Scottrade, Fidelity and Charles Schwab.

One share of MIK stock can currently be purchased for approximately $20.54.

Michaels Companies has a market capitalization of $3.69 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]