About 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
Industry Hobby, toy, & game shops
Sub-IndustryN/A
SectorRetail/Wholesale
SymbolNASDAQ:MIK
CUSIPN/A
Phone972-409-1300
Debt
Debt-to-Equity Ratio-1.79%
Current Ratio1.75%
Quick Ratio0.58%
Price-To-Earnings
Trailing P/E Ratio8.43
Forward P/E Ratio7.78
P/E Growth0.82
Sales & Book Value
Annual Sales$5.36 billion
Price / Sales0.62
Cash Flow$2.8894 per share
Price / Cash6.33
Book Value($8.33) per share
Price / Book-2.20
Profitability
EPS (Most Recent Fiscal Year)$2.17
Net Income$390.49 million
Net Margins7.28%
Return on Equity-24.07%
Return on Assets18.67%
Miscellaneous
Employees49,000
Outstanding Shares181,930,000
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 of Directors has authorized a stock repurchase plan on Thursday, June 15th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.
How were Michaels Companies' earnings last quarter?
Michaels Companies Inc (NASDAQ:MIK) posted its quarterly earnings data on Thursday, March, 22nd. The specialty retailer reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by $0.02. The specialty retailer earned $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Michaels Companies had a net margin of 7.28% and a negative return on equity of 24.07%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. View Michaels Companies' Earnings History.
When is Michaels Companies' next earnings date?
What guidance has Michaels Companies issued on next quarter's earnings?
Michaels Companies issued an update on its FY19 earnings guidance on Thursday, March, 22nd. The company provided EPS guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus estimate of $2.59. The company issued revenue guidance of $5.22-5.29 billion, compared to the consensus revenue estimate of $5.37 billion.Michaels Companies also updated its Q1 guidance to $0.36-0.38 EPS.
What price target have analysts set for MIK?
11 Wall Street analysts have issued 1-year target prices for Michaels Companies' shares. Their predictions range from $15.00 to $29.00. On average, they expect Michaels Companies' share price to reach $24.1111 in the next twelve months. View Analyst Ratings for Michaels Companies.
Are investors shorting Michaels Companies?
Michaels Companies saw a decrease in short interest during the month of March. As of March 29th, there was short interest totalling 13,319,593 shares, a decrease of 13.1% from the March 15th total of 15,326,595 shares. Based on an average daily trading volume, of 4,110,833 shares, the short-interest ratio is currently 3.2 days. Currently, 12.3% of the company's stock are sold short.
Who are some of Michaels Companies' key competitors?
Some companies that are related to Michaels Companies include Marks & Spencer (MAKSY), Wayfair (W), TripAdvisor (TRIP), Companhia Brasileira de Distribuicao (CBD), Dunkin' Brands (DNKN), Foot Locker (FL), Travis Perkins (TVPKF), Monotaro (MONOY), Texas Roadhouse (TXRH), AutoNation (AN), Urban Outfitters (URBN), Williams-Sonoma (WSM), Wendy's (WEN), Five Below (FIVE), Cracker Barrel (CBRL), Ssp Group (SSPPF), Canada Goose (GOOS) and Carvana (CVNA).
Who are Michaels Companies' key executives?
Michaels Companies' management team includes the folowing people:
- Carl S. Rubin, Chairman of the Board, Chief Executive Officer (Age 58)
- Charles M. Sonsteby, Vice Chairman of the Board (Age 64)
- Denise A. Paulonis, Chief Financial Officer, Executive Vice President (Age 45)
- Stephen J. Carlotti, Executive Vice President — Marketing (Age 50)
- Dennis A. Mullahy, Executive Vice President - Supply Chain and Information Technology (Age 52)
- Philo T Pappas, Executive Vice President - Merchandising (Age 58)
- Ryan Cotton, Director (Age 38)
- Joshua Bekenstein, Independent Director (Age 58)
- Monte E. Ford, Independent Director (Age 57)
- Karen Kaplan, Independent Director (Age 57)
Has Michaels Companies been receiving favorable news coverage?
Media coverage about MIK stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Michaels Companies earned a news sentiment score of 0.16 on Accern's scale. They also gave headlines about the specialty retailer an impact score of 48.15 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.
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 $18.29.
How big of a company is Michaels Companies?
Michaels Companies has a market capitalization of $3.33 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)
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.
Michaels Companies (NASDAQ:MIK) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for Michaels Companies in the last 12 months. Their average twelve-month price target is $24.1111, suggesting that the stock has a possible upside of 31.83%. The high price target for MIK is $29.00 and the low price target for MIK is $15.00. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Buy |
| Consensus Rating Score: | 2.45 | 2.45 | 2.44 | 2.56 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $24.1111 | $24.1111 | $23.8571 | $24.2857 |
| Price Target Upside: | 31.83% upside | 23.65% upside | 4.69% downside | 13.11% upside |
Michaels Companies (NASDAQ:MIK) Consensus Price Target History
Michaels Companies (NASDAQ:MIK) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Michaels Companies (NASDAQ:MIK) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Michaels Companies (NASDAQ MIK) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.30%
Michaels Companies (NASDAQ MIK) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/26/2018 | Carl Rubin | CEO | Sell | 220,930 | $27.15 | $5,998,249.50 | 444,796 |  |
| 3/9/2017 | Charles M Sonsteby | Vice Chairman | Sell | 38,754 | $22.12 | $857,238.48 | 56,744 | |
| 3/8/2017 | Philo Pappas | EVP | Sell | 32,020 | $22.00 | $704,440.00 | 41,435 | |
| 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 | 85,715 | |
| 8/16/2016 | Philo Pappas | EVP | Sell | 1,756 | $25.48 | $44,742.88 | 87,699 | |
| 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 | 90,723 | |
| 6/6/2016 | Carl Rubin | CEO | Sell | 150,000 | $30.29 | $4,543,500.00 | 455,076 | |
| 6/2/2016 | Carl Rubin | CEO | Sell | 100,000 | $30.00 | $3,000,000.00 | 405,076 | |
| 6/2/2016 | Dennis A Mullahy | EVP | Sell | 7,421 | $30.00 | $222,630.00 | 29,756 | |
| 5/3/2016 | Michael J Veitenheimer | EVP | Sell | 85,931 | $28.61 | $2,458,485.91 | 108,344 | |
| 5/2/2016 | Stephen Jon Carlotti | EVP | Sell | 40,000 | $29.00 | $1,160,000.00 | 91,089 | |
| 4/28/2016 | Philo Pappas | EVP | Sell | 112,807 | $28.82 | $3,251,097.74 | 207,327 | |
| 4/26/2016 | Philo Pappas | EVP | Sell | 192,878 | $28.52 | $5,500,880.56 | 248,820 | |
| 4/18/2016 | Carl Rubin | CEO | Sell | 75,000 | $29.50 | $2,212,500.00 | 405,076 | |
| 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 | 167,083 | |
| 9/15/2015 | Michael J. Veitenheimer | EVP | Sell | 50,000 | $26.19 | $1,309,500.00 | 14,476 | |
| 9/1/2015 | Philo Pappas | EVP | Sell | 2,758 | $25.48 | $70,273.84 | 176,227 | |
| 8/31/2015 | Thomas C. Decaro | EVP | Sell | 60,003 | $25.84 | $1,550,477.52 | 12,310 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Michaels Companies (NASDAQ MIK) News Headlines
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Michaels Companies (NASDAQ:MIK) SEC Filings
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Michaels Companies (NASDAQ:MIK) Income Statement, Balance Sheet and Cash Flow Statement
Michaels Companies (NASDAQ MIK) Stock Chart for Sunday, April, 22, 2018
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