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

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$16.05 +0.20 (+1.26 %)
(As of 01/16/2019 02:36 AM ET)
Previous Close$15.85
Today's Range$15.72 - $16.0693
52-Week Range$12.48 - $27.87
Volume862,334 shs
Average Volume1.91 million shs
Market Capitalization$2.52 billion
P/E Ratio7.40
Dividend YieldN/A
Beta1.22
The 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 August 30, 2018, the company owned and operated approximately 1,200 stores in 49 states and Canada under the Michaels, Aaron Brothers, and Pat Catan's brands. It also serves customers through Michaels.com, consumercrafts.com and aaronbrothers.com Websites. The Michaels Companies, Inc. 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
Current SymbolNASDAQ:MIK
CUSIPN/A
Phone972-409-1300

Debt

Current Ratio1.31
Quick Ratio0.20

Price-To-Earnings

Sales & Book Value

Annual Sales$5.36 billion
Price / Sales0.47
Cash Flow$2.9024 per share
Price / Cash Flow5.53
Book Value($8.33) per share
Price / Book-1.93

Profitability

Net Income$390.49 million
Net Margins6.35%
Return on Assets17.26%

Miscellaneous

Employees49,000
Market Cap$2.52 billion
OptionableOptionable

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 authorized a stock buyback plan 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 repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings data on Thursday, December, 6th. The specialty retailer reported $0.48 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.04. The specialty retailer had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. Michaels Companies had a negative return on equity of 24.35% and a net margin of 6.35%. Michaels Companies's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 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 Thursday, March 28th 2019. View Earnings Estimates for Michaels Companies.

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

Michaels Companies issued an update on its fourth quarter earnings guidance on Thursday, December, 6th. The company provided earnings per share guidance of $1.42-1.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.41. Michaels Companies also updated its FY 2018 guidance to $2.35-2.39 EPS.

What price target have analysts set for MIK?

12 brokers have issued twelve-month price targets for Michaels Companies' stock. Their predictions range from $14.00 to $27.00. On average, they anticipate Michaels Companies' stock price to reach $20.2222 in the next year. This suggests a possible upside of 26.0% from the stock's current price. View Analyst Price Targets for Michaels Companies.

What is the consensus analysts' recommendation 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.

What are Wall Street analysts saying about Michaels Companies stock?

Here are some recent quotes from research analysts about Michaels Companies stock:
  • 1. According to Zacks Investment Research, "Michaels Companies boasts a robust surprise trend, having delivered earnings beat in three consecutive quarters, including third-quarter fiscal 2018. Additionally, sales topped estimates in three of the last four quarters. Earnings gained from solid sales growth, efficient expense management and increased share repurchases. Meanwhile, sales benefited from robust comps and store expansion. Backed by the strong results, the company lifted sales and comps view for fiscal 2018 and tightened its earnings guidance. It also outlined an upbeat view for the fiscal fourth quarter. The company’s focus on integrating e-commerce and in-store operations, to enhance the omni-channel experience, also bodes well. However, Michaels lagged the industry year to date attributed to its soft margins trend resulting from higher costs. Notably, gross margin declined in the last three quarters, while operating margin contracted in the last four quarters." (12/31/2018)
  • 2. Wells Fargo & Co analysts commented, "We believe this outlook shows that MIK still has work left to drive sustainable comp growth (guide flat at midpoint), and recent cost efforts (sourcing, fulfillment, etc.) have yet to be sufficient enough to offset ongoing distribution headwinds. While encouraging Q3 results are a step in the right direction, we remain on the sidelines, as industry trends remain stagnant, traffic has been negative for 3 straight quarters, and margins continue to deteriorate. Reiterate Market Perform." (12/6/2018)

Has Michaels Companies been receiving favorable news coverage?

Media headlines about MIK stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Michaels Companies earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave news stories about the specialty retailer a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock's share price in the immediate future.

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. Dennis A. Mullahy, Exec. VP of Information Technology (Age 53)
  • Mr. James Edward Sullivan, Sr. VP, Chief Accounting Officer & Controller (Age 54)

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.07%), Denali Advisors LLC (0.05%) and Louisiana State Employees Retirement System (0.02%). 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.

Which major investors are selling Michaels Companies stock?

MIK stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama and Louisiana State Employees Retirement System. View Insider Buying and Selling for Michaels Companies.

Which major investors are buying Michaels Companies stock?

MIK stock was bought by a variety of institutional investors in the last quarter, including Denali Advisors 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 $16.05.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $2.52 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.

What is Michaels Companies' official website?

The official website for Michaels Companies is http://www.michaels.com.

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 (NASDAQ MIK)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  337 (Vote Outperform)
Underperform Votes:  362 (Vote Underperform)
Total Votes:  699
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 1/16/2019 by MarketBeat.com Staff

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