The Michaels Companies Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Michaels Companies in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" The Michaels Companies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MIK, but not buy additional shares or sell existing shares.
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Wall Street analysts have given The Michaels Companies a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Michaels Companies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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The Michaels Companies saw a decrease in short interest in March. As of March 15th, there was short interest totaling 8,900,000 shares, a decrease of 32.7% from the February 28th total of 13,230,000 shares. Based on an average daily trading volume, of 5,880,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 9.9% of the company's shares are sold short.
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The Michaels Companies is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for The Michaels Companies.

The Michaels Companies, Inc. (NASDAQ:MIK) issued its quarterly earnings results on Wednesday, March, 3rd. The specialty retailer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.12. The specialty retailer earned $1.92 billion during the quarter, compared to analysts' expectations of $1.83 billion. The Michaels Companies had a negative trailing twelve-month return on equity of 20.17% and a net margin of 4.36%. The company's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS.
View The Michaels Companies' earnings history.

The Michaels Companies' stock was trading at $3.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MIK stock has increased by 611.0% and is now trading at $21.97.
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6 brokerages have issued twelve-month price objectives for The Michaels Companies' stock. Their forecasts range from $9.00 to $22.00. On average, they expect The Michaels Companies' stock price to reach $15.50 in the next year. This suggests that the stock has a possible downside of 29.4%.
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132 employees have rated The Michaels Companies CEO Ashley Buchanan on Glassdoor.com. Ashley Buchanan has an approval rating of 56% among The Michaels Companies' employees. This puts Ashley Buchanan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to The Michaels Companies include The Gap (GPS), Burberry Group (BURBY), Levi Strauss & Co. (LEVI), Five Below (FIVE), Jerónimo Martins, SGPS (JRONY), GameStop (GME), Kingfisher (KGFHY), Lithia Motors (LAD), Builders FirstSource (BLDR), Kohl's (KSS), Casey's General Stores (CASY), Capri (CPRI), AutoNation (AN), Tempur Sealy International (TPX) and J Sainsbury (JSAIY).
View all of MIK's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Michaels Companies investors own include Bank of America (BAC), Intelsat (I), AMC Entertainment (AMC), Coty (COTY), Fossil Group (FOSL), Advanced Micro Devices (amd), Ciena (CIEN), Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Associated British Foods (ABF).

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

The Michaels Companies' stock is owned by a number of retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.15%), Hodges Capital Management Inc. (0.15%), State of Alaska Department of Revenue (0.03%), Louisiana State Employees Retirement System (0.02%), TrimTabs Asset Management LLC (0.02%) and Everence Capital Management Inc. (0.01%). Company insiders that own The Michaels Companies stock include Beryl Raff, Blackstone Group Management L and Jim Sullivan.
View institutional ownership trends for The Michaels Companies.

MIK stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Crossmark Global Holdings Inc., and Louisiana State Employees Retirement System. Company insiders that have sold The Michaels Companies company stock in the last year include Blackstone Group Management L, and Jim Sullivan.
View insider buying and selling activity for The Michaels Companies or view top insider-selling stocks.

MIK stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Hodges Capital Management Inc., TrimTabs Asset Management LLC, and Everence Capital Management Inc..
View insider buying and selling activity for The Michaels Companies or or view top insider-buying stocks.

Shares of MIK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MIK stock can currently be purchased for approximately $21.97.

The Michaels Companies has a market capitalization of $3.12 billion and generates $5.07 billion in revenue each year. The specialty retailer earns $272.60 million in net income (profit) each year or $2.11 on an earnings per share basis.

The Michaels Companies employs 11,000 workers across the globe.

The official website for The Michaels Companies is www.michaels.com.

The Michaels Companies is headquartered at 8000 BENT BRANCH DRIVE, IRVING TX, 75063.

The 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]