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NASDAQ:MIKMichaels Companies Stock Price, Forecast & News

$5.51
+0.52 (+10.42 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$5.23
Now: $5.51
$6.18
50-Day Range
$2.00
MA: $3.03
$4.99
52-Week Range
$1.00
Now: $5.51
$11.10
Volume9.62 million shs
Average Volume4.60 million shs
Market Capitalization$811.79 million
P/E Ratio4.75
Dividend YieldN/A
Beta2.62
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 January 30, 2019, 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.22 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.07 billion
Cash Flow$3.38 per share
Book Value($10.29) per share

Profitability

Net Income$272.60 million

Miscellaneous

Employees76,000
Market Cap$811.79 million
Next Earnings Date9/2/2020 (Estimated)
OptionableOptionable

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Michaels Companies (NASDAQ:MIK) Frequently Asked Questions

How has Michaels Companies' stock been impacted by COVID-19 (Coronavirus)?

Michaels Companies' stock was trading at $3.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MIK stock has increased by 78.3% and is now trading at $5.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Michaels Companies?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Michaels Companies.

When is Michaels Companies' next earnings date?

Michaels Companies is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Michaels Companies.

How were Michaels Companies' earnings last quarter?

Michaels Companies Inc (NASDAQ:MIK) issued its quarterly earnings data on Thursday, June, 4th. The specialty retailer reported ($0.43) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.14 by $0.57. The specialty retailer earned $799.90 million during the quarter, compared to analyst estimates of $1.03 billion. Michaels Companies had a net margin of 3.59% and a negative return on equity of 13.67%. The firm's revenue was down 26.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. View Michaels Companies' earnings history.

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

Michaels Companies issued an update on its first quarter 2020 Pre-Market earnings guidance on Tuesday, March, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.08-1.1 billion, compared to the consensus revenue estimate of $1.09 billion.

What price target have analysts set for MIK?

11 brokerages have issued 1-year price objectives for Michaels Companies' shares. Their forecasts range from $2.00 to $10.00. On average, they anticipate Michaels Companies' share price to reach $5.85 in the next year. This suggests a possible upside of 6.2% from the stock's current price. View analysts' price targets for Michaels Companies.

Has Michaels Companies been receiving favorable news coverage?

Headlines about MIK stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Michaels Companies earned a coverage optimism score of -3.1 on InfoTrie's scale. They also assigned news coverage about the specialty retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMichaels Companies.

Are investors shorting Michaels Companies?

Michaels Companies saw a increase in short interest in May. As of May 15th, there was short interest totaling 28,580,000 shares, an increase of 10.1% from the April 30th total of 25,970,000 shares. Based on an average trading volume of 5,010,000 shares, the short-interest ratio is currently 5.7 days. Currently, 39.1% of the shares of the company 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), Bank of America (BAC), Fossil Group (FOSL), Coty (COTY), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN) and Apollo Global Management (APO).

Who are Michaels Companies' key executives?

Michaels Companies' management team includes the following 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)

What is Michaels Companies' stock symbol?

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

Who are Michaels Companies' major shareholders?

Michaels Companies' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.15%), Contrarius Investment Management Ltd (5.70%), State Street Corp (2.36%), Teacher Retirement System of Texas (1.48%), Bank of New York Mellon Corp (1.13%) and South Dakota Investment Council (1.00%). 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 Alliancebernstein L.P., AQR Capital Management LLC, Teacher Retirement System of Texas, BlackRock Inc., Bank of New York Mellon Corp, Ingalls & Snyder LLC, APG Asset Management N.V., and APG Asset Management N.V.. View insider buying and selling activity for Michaels Companies.

Which major investors are buying Michaels Companies stock?

MIK stock was acquired by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Mudrick Capital Management L.P., Squarepoint Ops LLC, South Dakota Investment Council, Thrivent Financial for Lutherans, State Street Corp, Balyasny Asset Management LLC, and WINTON GROUP Ltd. View insider buying and selling activity 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 $5.51.

How big of a company is Michaels Companies?

Michaels Companies has a market capitalization of $811.79 million 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. Michaels Companies employs 76,000 workers across the globe.

What is Michaels Companies' official website?

The official website for Michaels Companies is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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