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The Michaels Companies, Inc. (MIK)

Stock Price: $9.44 USD -0.21 (-2.18%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.39B
Revenue (ttm) 4.89B
Net Income (ttm) 139.10M
Shares Out 147.44M
EPS (ttm) 0.94
PE Ratio 10.04
Forward PE 4.84
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 23, 2020
Last Price $9.44
Previous Close $9.65
Change ($) -0.21
Change (%) -2.18%
Day's Open 9.74
Day's Range 9.24 - 9.80
Day's Volume 2,640,745
52-Week Range 1.00 - 11.70

More Stats

Market Cap 1.39B
Enterprise Value 5.05B
Earnings Date (est) Dec 3, 2020
Ex-Dividend Date n/a
Shares Outstanding 147.44M
Float 83.40M
EPS (basic) 0.91
EPS (diluted) 0.94
FCF / Share 4.66
Dividend n/a
Dividend Yield n/a
Earnings Yield 9.96%
FCF Yield 49.32%
Payout Ratio n/a
Shares Short 36.36M
Short Ratio 6.17
Short % of Float 43.60%
Beta 3.04
PE Ratio 10.04
Forward PE 4.84
P/FCF Ratio 2.03
PS Ratio 0.28
PB Ratio n/a
Revenue 4.89B
Operating Income 343.60M
Net Income 139.10M
Free Cash Flow 686.45M
Net Cash -3.65B
Net Cash / Share -24.79
Gross Margin 38.47%
Operating Margin 7.02%
Profit Margin 2.80%
FCF Margin 14.03%
ROA 7.53%
ROE n/a
ROIC 5.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (9)

Buy 3
Overweight 0
Hold 3
Underweight 1
Sell 2

Analyst Consensus: Overweight

Price Target

$11.78*
(24.79% upside)
Low
3.50
Current: $9.44
High
25.00
Target: 11.78
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue5,0725,2725,3625,1974,9134,7384,5704,4084,2104,031
Revenue Growth-3.79%-1.68%3.17%5.79%3.69%3.68%3.67%4.7%4.44%-
Gross Profit1,8722,0242,1292,0281,9681,9011,8221,7651,6781,564
Operating Income515564735715721627610592538488
Net Income273320390378363217243200157103
Shares Outstanding153171184205207203175175175-
Earnings Per Share1.781.862.101.821.721.051.361.120.89-
EPS Growth-4.3%-11.43%15.38%5.81%63.81%-22.79%21.43%25.84%--
Operating Cash Flow493444524564504442449299409438
Capital Expenditures-121-145-128-114-124-138-112-124-109-81.00
Free Cash Flow373299396450380304337175300357
Cash & Equivalents41024642629940937823956.00371-
Total Debt4,3342,7062,7272,7542,7703,1153,6943,0413,490-
Net Cash / Debt-3,924-2,460-2,301-2,455-2,360-2,736-3,455-2,985-3,119-
Assets3,8382,1282,3002,1482,0311,9611,8111,5551,838-
Liabilities5,2853,7553,8103,8463,7554,0734,5933,8594,339-
Book Value-1,446-1,626-1,509-1,698-1,724-2,112-2,782-2,304-2,501-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name The Michaels Companies, Inc.
Country United States
Employees 12,000
CEO Ashley Buchanan

Stock Information

Ticker Symbol MIK
Stock Exchange NASDAQ
Sector Consumer Cyclical
Industry Specialty Retail
Unique Identifier NASDAQ: MIK

Description

The Michaels Companies owns and operates arts and crafts specialty retail stores for hobbyist and do-it-yourself home decorators in the United States and Canada. It operates Michaels stores that offer approximately 45,000 basic and seasonal stock-keeping units (SKUs) in arts, crafts, framing, floral, and home décor and seasonal merchandise. The company also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, ArtMinds, Artist's Loft, Craft Smart, Loops & Threads, Simply Tidy, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures and supplies precut mats and custom framing merchandise; and distributes craft and hobby items products under the Darice brand. As of February 1, 2020, the company operated approximately 1,274 Michaels retail stores in 49 states and Canada. It also serves customers through Michaels.com, ConsumerCrafts.com, Canada.Michaels.com, Darice.com, and AaronBrothers.com websites, as well as through its Michaels app. The Michaels Companies, Inc. was incorporated in 1983 and is headquartered in Irving, Texas.