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Michaels Companies Stock Price, News & Analysis (NASDAQ:MIK)

$9.64
-0.12 (-1.23 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$9.59
Now: $9.64
$9.79
50-Day Range
$5.55
MA: $8.73
$9.87
52-Week Range
$4.96
Now: $9.64
$18.04
Volume1.96 million shs
Average Volume3.10 million shs
Market Capitalization$1.50 billion
P/E Ratio4.10
Dividend YieldN/A
Beta1.18
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. Read More…

Industry, Sector and Symbol

Industry Hobby, toy, & game shops
Sub-IndustryN/A
SectorRetail/Wholesale
Current SymbolNASDAQ:MIK
CUSIPN/A
Phone972-409-1300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$3.37 per share
Book Value($10.31) per share

Profitability

Net Income$319.55 million

Miscellaneous

Employees47,000
Market Cap$1.50 billion
Next Earnings Date12/5/2019 (Estimated)
OptionableOptionable

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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 were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) posted its quarterly earnings results on Wednesday, September, 4th. The specialty retailer reported $0.19 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.05. The specialty retailer had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Michaels Companies had a negative return on equity of 23.40% and a net margin of 6.31%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 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, December 5th 2019. View Earnings Estimates for Michaels Companies.

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

Michaels Companies updated its FY20 earnings guidance on Wednesday, September, 4th. The company provided earnings per share (EPS) guidance of $2.31-2.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34. The company issued revenue guidance of $5.16-5.19 billion, compared to the consensus revenue estimate of $5.19 billion.

What price target have analysts set for MIK?

11 Wall Street analysts have issued 1-year price objectives for Michaels Companies' shares. Their predictions range from $4.00 to $15.00. On average, they expect Michaels Companies' share price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 11.8%. View Analyst Price Targets for Michaels Companies.

What is the consensus analysts' recommendation for Michaels Companies?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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 underperformed the industry in the past three months due to a soft margin trend. The company continued to witness soft margins in fourth-quarter fiscal 2018 owing to higher costs and impact of an additional 53rd week last year. Notably, gross margin declined in the last four quarters, while operating margin contracted for five straight quarters. Further, management issued soft earnings view for first-quarter and fiscal 2019. It also provided soft comps guidance for the first quarter. However, Michaels has a robust surprise trend, reporting earnings beat in four consecutive quarters, including the fourth quarter. Moreover, sales topped estimates in four of the last five quarters. Backed by efficient expense management and the ongoing share repurchase program, earnings grew year over year. Its focus on integrating e-commerce and in-store operations to boost omni-channel experience is also encouraging." (5/23/2019)
  • 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?

Headlines about MIK stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Michaels Companies earned a daily sentiment score of -2.0 on InfoTrie's scale. They also gave media coverage about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Michaels Companies.

Are investors shorting Michaels Companies?

Michaels Companies saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 32,010,000 shares, an increase of 5.7% from the August 30th total of 30,270,000 shares. Based on an average daily volume of 4,160,000 shares, the days-to-cover ratio is presently 7.7 days. Currently, 39.3% of the company's shares are sold short. View Michaels Companies' Current Options Chain.

Who are some of Michaels Companies' key competitors?

What other stocks do shareholders of Michaels Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Michaels Companies investors own include Intelsat (I), AMC Entertainment (AMC), Fossil Group (FOSL), Bank of America (BAC), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), tronc (TRNC) and Apollo Global Management (APO).

Who are Michaels Companies' key executives?

Michaels Companies' management team includes the folowing people:
  • Mr. Carl S. Rubin, Chairman & CEO (Age 59)
  • Ms. Denise A. Paulonis, Exec. VP & CFO (Age 47)
  • Mr. Stephen Jon Carlotti, Exec. VP of Marketing (Age 52)
  • Mr. Dennis A. Mullahy, Exec. VP of Information Technology (Age 54)
  • Mr. James Edward Sullivan, Sr. VP, Chief Accounting Officer & Controller (Age 55)

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Ingalls & Snyder LLC (0.66%), Pacer Advisors Inc. (0.06%), State of Alaska Department of Revenue (0.04%), Envestnet Asset Management Inc. (0.04%), Winmill & CO. Inc. (0.04%) and CLARET ASSET MANAGEMENT Corp (0.01%). Company insiders that own Michaels Companies stock include Beryl Raff and Carl Rubin. 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 Envestnet Asset Management Inc. and Ingalls & Snyder LLC. View Insider Buying and Selling for Michaels Companies.

Which major investors are buying Michaels Companies stock?

MIK stock was purchased by a variety of institutional investors in the last quarter, including Winmill & CO. Inc., State of Alaska Department of Revenue, CLARET ASSET MANAGEMENT Corp, Campbell & CO Investment Adviser LLC, Meeder Asset Management Inc. and Pacer Advisors Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Michaels Companies' stock price today?

One share of MIK stock can currently be purchased for approximately $9.64.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $1.50 billion 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.

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:  387 (Vote Outperform)
Underperform Votes:  429 (Vote Underperform)
Total Votes:  816
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 10/18/2019 by MarketBeat.com Staff

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