The Michaels Companies, Inc. (MIK)
Market Cap | 2.58B |
Revenue (ttm) | 5.08B |
Net Income (ttm) | 221.51M |
Shares Out | 147.40M |
EPS (ttm) | 1.50 |
PE Ratio | 10.99 |
Forward PE | 5.91 |
Dividend | n/a |
Dividend Yield | n/a |
Trading Day | January 15 |
Last Price | $16.47 |
Previous Close | $17.47 |
Change ($) | -1.00 |
Change (%) | -5.72% |
Day's Open | 16.71 |
Day's Range | 15.97 - 17.02 |
Day's Volume | 7,882,383 |
52-Week Range | 1.46 - 17.47 |
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Third-quarter earnings results had investors cheering.
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The Michaels Companies (MIK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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Michaels (MIK) is gaining from its Maker strategy and impressive digital sales. Also, its sales trend seems encouraging.
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Investors shed some of their pessimism about this retailing business last month.
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Michaels' (MIK) Q3 results gained from sturdy comps stemming from improved traffic in stores and online. Moreover, the fourth-quarter sales trend seems encouraging.
Another strong earnings report lifted shares of the arts-and-crafts retailer.
The Michaels Companies, Inc. (MIK) CEO Ashley Buchanan on Q3 2020 Results - Earnings Call Transcript
The Michaels Companies, Inc. (MIK) CEO Ashley Buchanan on Q3 2020 Results - Earnings Call Transcript
On a per-share basis, the Irving, Texas-based company said it had profit of 74 cents. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.
Michaels (MIK) delivered earnings and revenue surprises of 45.76% and -0.87%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Michaels Companies (NASDAQ:MIK) moved higher by 6.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 115.00% over the past...
Michaels Cos. posted stronger-than-expected earnings for the third quarter and said it will pay $10 million in holiday bonuses to full-time and part-time staff as it works through the pandemic...
IRVING, Texas--(BUSINESS WIRE)--The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the third quarter fiscal 2020 ended October 31, 2020. Ashley Buchanan, Michaels...
Michaels (MIK) Q3 results are likely to reflect impacts of an improved sales trend and expanded online services. However, COVID-related costs are expected to have been dragging.
Michaels (MIK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...
Let's see if The Michaels Companies, Inc. (MIK) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
IRVING, Texas--(BUSINESS WIRE)--The Michaels Companies, Inc. (NASDAQ: MIK) today announced that the Company plans to report third quarter fiscal 2020 results on Thursday, December 3, 2020, bef...
Bearish investors and rising COVID-19 cases seemed to push the stock lower last month.
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The company is looking to remedy past failures and launch new services to meet all of its customers' needs.
The arts and crafts retailer turned in better results in the quarter that ended Aug. 1, but the issues that held it back haven't gone anywhere.
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Michaels (MIK) is on track with its Maker strategy by strengthening the retail foundation, boosting omni-channel experience and repositioning the business.
Michaels (MIK) reported earnings 30 days ago. What's next for the stock?
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IRVING, Texas--(BUSINESS WIRE)--The Michaels Companies, Inc. (NASDAQ: MIK) will host its 2020 Virtual Investor Day this morning to provide an overview of its strategic plan and an update on th...
Michaels (MIK) topped our second quarter estimates at the start of September and it posted its strongest sales growth in years as people looked to keep busy while staying home.
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About MIK
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 Mar... [Read more...]
Industry Specialty Retail | |
CEO Mark Cosby | Employees 12,000 |
Stock Exchange NASDAQ | Ticker Symbol MIK |
Financial Performance
In 2019, MIK's revenue was $5.07 billion, a decrease of -3.79% compared to the previous year's $5.27 billion. Earnings were $272.60 million, a decrease of -14.69%.
Analyst Forecasts
According to 9 analysts, the average rating for MIK stock is "Hold." The 12-month stock price forecast is 13.70, which is a decrease of -16.82% from the latest price.