About The Michaels Companies (NASDAQ:MIK)
The Michaels Companies, Inc. (Michaels) is an arts and crafts specialty retailer in North America. The Company's segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store. It operated 109 Aaron Brothers stores in nine states, with approximately 5,500 average square feet of selling space and 35 Pat Catan's stores in five states, with approximately 32,000 average square feet of selling space, as of January 28, 2017. The Company also operates an international wholesale business under the Darice brand name. The Company's stores purchase custom frames, framing supplies and mats from its framing operation and subsidiary, Artistree, Inc. (Artistree), which consists of a manufacturing facility and four regional processing centers.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Other Specialty Retailers
- Sub-Industry: N/A
- Symbol: NASDAQ:MIK
- CUSIP: N/A
- Web: www.michaels.com
- Market Cap: $3.69 billion
- Outstanding Shares: 180,986,000
- 50 Day Moving Avg: $21.43
- 200 Day Moving Avg: $20.61
- 52 Week Range: $17.25 - $25.57
Sales & Book Value:
- Trailing P/E Ratio: 10.86
- Foreward P/E Ratio: 8.84
- P/E Growth: 0.76
- Annual Revenue: $5.21 billion
- Price / Sales: 0.71
- Book Value: ($9.77) per share
- Price / Book: -2.09
- EBITDA: $801.02 million
- Net Margins: 7.29%
- Return on Equity: -22.53%
- Return on Assets: 18.13%
- Debt-to-Equity Ratio: -1.53%
- Current Ratio: 1.44%
- Quick Ratio: 0.26%
- Average Volume: 2.04 million shs.
- Beta: 0.91
- Short Ratio: 7.32
Frequently Asked Questions for The Michaels Companies (NASDAQ:MIK)
What is The Michaels Companies' stock symbol?
The Michaels Companies trades on the NASDAQ under the ticker symbol "MIK."
How will The Michaels Companies' stock buyback program work?
The Michaels Companies declared that its board has approved a share buyback plan on Thursday, June 15th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
How were The Michaels Companies' earnings last quarter?
The Michaels Companies, Inc. (NASDAQ:MIK) posted its quarterly earnings data on Thursday, August, 24th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.03. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. The Michaels Companies had a net margin of 7.29% and a negative return on equity of 22.53%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. View The Michaels Companies' Earnings History.
When will The Michaels Companies make its next earnings announcement?
What guidance has The Michaels Companies issued on next quarter's earnings?
The Michaels Companies issued an update on its FY18 earnings guidance on Thursday, August, 24th. The company provided EPS guidance of $2.11-2.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.08. The Michaels Companies also updated its Q3 guidance to $0.41-0.43 EPS.
Where is The Michaels Companies' stock going? Where will The Michaels Companies' stock price be in 2017?
8 equities research analysts have issued 1-year price targets for The Michaels Companies' stock. Their forecasts range from $18.00 to $29.00. On average, they anticipate The Michaels Companies' share price to reach $24.29 in the next year. View Analyst Ratings for The Michaels Companies.
What are analysts saying about The Michaels Companies stock?
Here are some recent quotes from research analysts about The Michaels Companies stock:
- 1. According to Zacks Investment Research, "The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Company's stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home décor, seasonal offerings, and children's hobbies. It produces 11 exclusive private brands including Recollections(R), Studio Decor(R), Bead Landing(R), Creatology(R), Ashland(R), Celebrate It(R), Art Minds(R), Artist's Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas. " (8/25/2017)
- 2. Guggenheim analysts commented, " MIK shares rose just 2% yesterday (S&P 500 fell 0.4%) on the back of betterthan-expected initial 2017 guidance, despite entering the day at a sub-10x P/E multiple. We believe there is a path back to the upper $20's over the next 12-18 months (Exhibit 1), a 30%ish annualized return, and we reiterate our Buy rating as one of our favorite value ideas. We see moderate multiple expansion on modest 2017/2018 EBITDA and EPS growth triggered by the realization that the company has a unique opportunity to drive greater consumer engagement and share gains without sacrificing above-average profit margins over the next five years." (3/8/2017)
Are investors shorting The Michaels Companies?
The Michaels Companies saw a increase in short interest in September. As of September 29th, there was short interest totalling 14,545,135 shares, an increase of 12.5% from the September 15th total of 12,931,240 shares. Based on an average daily volume of 2,335,200 shares, the days-to-cover ratio is presently 6.2 days. Approximately 13.6% of the shares of the company are sold short.
Who are some of The Michaels Companies' key competitors?
Some companies that are related to The Michaels Companies include NEXT plc (NXT), Staples (SPLS), Marks and Spencer Group Plc (MKS), Cabelas (CAB), Stamps.com (STMP), Ollie's Bargain Outlet Holdings (OLLI), Sally Beauty Holdings (SBH), Party City Holdco (PRTY), Rent-A-Center (RCII), West Marine (WMAR), Barnes & Noble Education (BNED), Container Store (The) (TCS), Gaia (GAIA), EVINE Live (EVLV) and Dover Saddlery (DOVR).
Who are The Michaels Companies' key executives?
The Michaels Companies' management team includes the folowing people:
- Carl S. Rubin, Chairman of the Board, Chief Executive Officer
- Charles M. Sonsteby, Vice Chairman of the Board
- Denise A. Paulonis, Chief Financial Officer, Executive Vice President
- Stephen J. Carlotti, Executive Vice President — Marketing
- Dennis A. Mullahy, Executive Vice President - Supply Chain and Information Technology
- Philo T. Pappas, Executive Vice President - Merchandising
- Joshua Bekenstein, Independent Director
- Monte E. Ford, Independent Director
- Karen Kaplan, Independent Director
- Lewis S. Klessel, Independent Director
Who owns The Michaels Companies stock?
The Michaels Companies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Reinhart Partners Inc. (0.82%), Ingalls & Snyder LLC (0.27%), Skylands Capital LLC (0.23%), Nationwide Fund Advisors (0.22%), Strs Ohio (0.12%) and APG Asset Management N.V. (0.06%). Company insiders that own The Michaels Companies stock include Blackstone Management Associat, Carl Rubin, Charles M Sonsteby, Dennis A Mullahy, Joshua Bekenstein, Lewis Klessel, Michael J Veitenheimer, Philo Pappas and Stephen Jon Carlotti. View Institutional Ownership Trends for The Michaels Companies.
Who sold The Michaels Companies stock? Who is selling The Michaels Companies stock?
The Michaels Companies' stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Skylands Capital LLC and Strs Ohio. Company insiders that have sold The Michaels Companies stock in the last year include Blackstone Management Associat, Charles M Sonsteby and Philo Pappas. View Insider Buying and Selling for The Michaels Companies.
Who bought The Michaels Companies stock? Who is buying The Michaels Companies stock?
The Michaels Companies' stock was bought by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC, Nationwide Fund Advisors, APG Asset Management N.V., Wealth Enhancement Advisory Services LLC, Fox Run Management L.L.C., Meeder Asset Management Inc. and Mutual of America Capital Management LLC. View Insider Buying and Selling for The Michaels Companies.
How do I buy The Michaels Companies stock?
Shares of The Michaels Companies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is The Michaels Companies' stock price today?
MarketBeat Community Rating for The Michaels Companies (NASDAQ MIK)MarketBeat's community ratings are surveys of what our community members think about The Michaels Companies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of The Michaels Companies stock can currently be purchased for approximately $20.41.
Consensus Ratings for The Michaels Companies (NASDAQ:MIK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$24.29 (18.99% upside)|Consensus Price Target History for The Michaels Companies (NASDAQ:MIK)
Analysts' Ratings History for The Michaels Companies (NASDAQ:MIK)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/29/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$18.00||Low|
|9/5/2017||Bank of America Corporation||Reiterated Rating||Buy -> Buy||$29.00||Low|
|7/24/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$23.00||Low|
|6/13/2017||Morgan Stanley||Reiterated Rating||Overweight||$25.00||Low|
|6/7/2017||Telsey Advisory Group||Lower Price Target||Market Perform -> Market Perform||$24.00 -> $21.00||High|
|12/7/2016||Deutsche Bank AG||Lower Price Target||Buy||$30.00 -> $28.00||N/A|
|12/7/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|9/6/2016||Credit Suisse Group||Upgrade||Neutral -> Outperform||$29.00||N/A|
|8/29/2016||BTIG Research||Reiterated Rating||Neutral||N/A|
|8/25/2016||SunTrust Banks, Inc.||Reiterated Rating||Buy||N/A|
|5/6/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$30.00||N/A|
|12/4/2015||Macquarie||Lower Price Target||Neutral||$30.00 -> $25.00||N/A|
Earnings History for The Michaels Companies (NASDAQ:MIK)Earnings History by Quarter for The Michaels Companies (NASDAQ MIK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/24/2017||Q2 2018||$0.16||$0.19||$1.06 billion||$1.07 billion||View||N/A|
|6/6/2017||Q1 2018||$0.39||$0.38||$1.17 billion||$1.16 billion||View||Listen|
|3/7/2017||Q4 2017||$0.95||$0.96||$1.76 billion||$1.75 billion||View||Listen|
|12/6/2016||Q316||$0.43||$0.40||$1.26 billion||$1.23 billion||View||N/A|
|8/25/2016||Q216||$0.17||$0.17||$1.05 billion||$1.06 billion||View||Listen|
|6/7/2016||Q116||$0.35||$0.36||$1.17 billion||$1.16 billion||View||N/A|
|3/17/2016||Q415||$0.84||$0.87||$1.67 billion||$1.68 billion||View||Listen|
|12/3/2015||Q315||$0.36||$0.37||$1.18 billion||$1.17 billion||View||N/A|
|8/27/2015||Q215||$0.16||$0.17||$984.91 million||$984.30 million||View||Listen|
|6/4/2015||Q115||$0.33||$0.32||$1.08 billion||$1.08 billion||View||N/A|
|3/19/2015||Q414||$0.75||$0.75||$1.60 billion||$1.61 billion||View||N/A|
|11/20/2014||Q314||$0.26||$0.31||$1.09 billion||$1.13 billion||View||N/A|
|8/27/2014||Q214||$0.08||$0.15||$943.00 million||$948.00 million||View||N/A|
Earnings Estimates for The Michaels Companies (NASDAQ:MIK)
Current Year EPS Consensus Estimate: $2.14 EPS
Next Year EPS Consensus Estimate: $2.31 EPS
Dividend History for The Michaels Companies (NASDAQ:MIK)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for The Michaels Companies (NASDAQ:MIK)
Insider Ownership Percentage: 1.50%Insider Trades by Quarter for The Michaels Companies (NASDAQ:MIK)
Institutional Ownership Percentage: 98.43%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/9/2017||Charles M Sonsteby||Vice Chairman||Sell||38,754||$22.12||$857,238.48|| |
|3/8/2017||Philo Pappas||EVP||Sell||32,020||$22.00||$704,440.00|| |
|1/27/2017||Blackstone Management Associat||Major Shareholder||Sell||18,000,000||$21.28||$383,040,000.00|| |
|12/16/2016||Blackstone Management Associat||Major Shareholder||Sell||12,000,000||$22.04||$264,480,000.00|| |
|12/2/2016||Philo Pappas||EVP||Sell||1,152||$23.92||$27,555.84|| |
|8/16/2016||Philo Pappas||EVP||Sell||1,756||$25.48||$44,742.88|| |
|7/18/2016||Blackstone Management Associat||Major Shareholder||Sell||5,500,000||$27.71||$152,405,000.00|| |
|7/18/2016||Joshua Bekenstein||Director||Sell||5,179,885||$27.71||$143,534,613.35|| |
|7/18/2016||Philo Pappas||EVP||Sell||2,205||$27.32||$60,240.60|| |
|6/6/2016||Carl Rubin||CEO||Sell||150,000||$30.29||$4,543,500.00|| |
|6/2/2016||Carl Rubin||CEO||Sell||100,000||$30.00||$3,000,000.00|| |
|6/2/2016||Dennis A Mullahy||EVP||Sell||7,421||$30.00||$222,630.00|| |
|5/3/2016||Michael J Veitenheimer||EVP||Sell||85,931||$28.61||$2,458,485.91|| |
|5/2/2016||Stephen Jon Carlotti||EVP||Sell||40,000||$29.00||$1,160,000.00|| |
|4/28/2016||Philo Pappas||EVP||Sell||112,807||$28.82||$3,251,097.74|| |
|4/26/2016||Philo Pappas||EVP||Sell||192,878||$28.52||$5,500,880.56|| |
|4/18/2016||Carl Rubin||CEO||Sell||75,000||$29.50||$2,212,500.00|| |
|3/29/2016||Blackstone Management Associat||Major Shareholder||Sell||8,320,952||$26.08||$217,010,428.16|| |
|3/29/2016||Lewis Klessel||Director||Sell||8,280,230||$26.08||$215,948,398.40|| |
|3/18/2016||Charles M Sonsteby||CFO||Sell||185,566||$27.25||$5,056,673.50|| |
|9/15/2015||Michael J. Veitenheimer||EVP||Sell||50,000||$26.19||$1,309,500.00|| |
|9/1/2015||Philo Pappas||EVP||Sell||2,758||$25.48||$70,273.84|| |
|8/31/2015||Thomas C. Decaro||EVP||Sell||60,003||$25.84||$1,550,477.52|| |
|7/14/2015||Blackstone Group Management L.||Major Shareholder||Sell||6,118,347||$26.51||$162,197,378.97|| |
|7/14/2015||Joshua Bekenstein||Director||Sell||6,015,967||$26.51||$159,483,285.17|| |
|6/30/2015||Lance A Weibye||SVP||Sell||1,300||$27.00||$35,100.00|| |
|6/18/2015||Lance A Weibye||SVP||Sell||7,917||$27.14||$214,867.38|| |
|6/8/2015||Michael J Veitenheimer||SVP||Sell||50,000||$26.40||$1,320,000.00|| |
|6/2/2015||Charles M Sonsteby||CFO||Sell||71,900||$27.81||$1,999,539.00|| |
|5/29/2015||Charles M Sonsteby||CFO||Sell||5,300||$27.51||$145,803.00|| |
|5/8/2015||Michael J Veitenheimer||SVP||Sell||50,000||$26.84||$1,342,000.00|| |
|4/27/2015||Charles M Sonsteby||CFO||Sell||87,800||$27.31||$2,397,818.00|| |
|4/27/2015||Theodore J Bachmeier||EVP||Sell||44,688||$27.32||$1,220,876.16|| |
|4/24/2015||Philo Pappas||EVP||Sell||107,151||$27.24||$2,918,793.24|| |
|4/23/2015||Thomas C Decaro||EVP||Sell||20,000||$27.23||$544,600.00|| |
|3/26/2015||Thomas C Decaro||EVP||Sell||210,146||$27.71||$5,823,145.66|| |
|3/24/2015||Thomas C Decaro||EVP||Sell||329,873||$29.39||$9,694,967.47|| |
|3/23/2015||Michael J Veitenheimer||SVP||Sell||50,000||$29.85||$1,492,500.00|| |
|3/23/2015||Thomas C Decaro||EVP||Sell||200,227||$29.70||$5,946,741.90|| |
|1/28/2015||Matthew S Levin||Director||Sell||7,659,383||$23.52||$180,148,688.16|| |
|1/23/2015||Philo Pappas||EVP||Sell||96,851||$24.66||$2,388,345.66|| |
|1/21/2015||Philo Pappas||EVP||Sell||50,399||$22.31||$1,124,401.69|| |
|1/16/2015||Philo Pappas||EVP||Sell||78,986||$23.43||$1,850,641.98|| |
|1/15/2015||Shawn E Hearn||SVP||Sell||11,532||$24.05||$277,344.60|| |
|1/13/2015||Philo Pappas||EVP||Sell||30,796||$23.93||$736,948.28|| |
|1/12/2015||Philo Pappas||EVP||Sell||34,916||$23.58||$823,319.28|| |
|1/12/2015||Shawn E Hearn||SVP||Sell||32,256||$23.93||$771,886.08|| |
|1/9/2015||Philo Pappas||EVP||Sell||38,512||$24.90||$958,948.80|| |
|7/2/2014||Carl Rubin||CEO||Buy||10,000||$17.00||$170,000.00|| |
|7/2/2014||Theodore J Bachmeier||Insider||Buy||3,000||$17.00||$51,000.00|| |
Headline Trends for The Michaels Companies (NASDAQ:MIK)
Latest Headlines for The Michaels Companies (NASDAQ:MIK)
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The Michaels Companies (MIK) Chart for Tuesday, October, 24, 2017