|Bid||4.5200 x 800|
|Ask||4.5500 x 1200|
|Day's Range||4.5000 - 4.8900|
|52 Week Range||4.5000 - 14.4700|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||2.61|
|Earnings Date||Mar 16, 2020 - Mar 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.50|
Today we'll evaluate The Michaels Companies, Inc. (NASDAQ:MIK) to determine whether it could have potential as an...
Express, The Michaels Companies, Alibaba, Amazon and Disney highlighted as Zacks Bull and Bear of the Day
Zebra Capital Management was launched back in 2001 by Roger Ibbotson, who is also the fund’s CIO and current Chairman. Mr Ibbotson is Professor Emeritus of Finance at Yale University whose research career was focused on uncommon behavioral finance derived investment approach, or, how people chose one financial option over another. Throughout his career he […]
Michaels (MIK) is progressing well with its e-commerce efforts and store-expansion initiatives. However, the company is grappling with tariff headwinds.
Sprouts Farmers Market Inc. is hiring a permanent chief financial officer — and giving her a six-figure signing bonus, according to a regulatory filing.
Sprouts Farmers Market, Inc. (SFM) today announced that Denise Paulonis will join the company as chief financial officer, effective February 21, 2020. Paulonis most recently served as executive vice president and chief financial officer of The Michaels Companies (MIK), the largest arts and crafts specialty retailer in North America, and brings more than twenty-five years of experience in finance, accounting, investor relations, corporate strategy, tax, treasury, supply chain, and risk management. “We are absolutely delighted to welcome Denise to Sprouts as our new CFO,” said Jack Sinclair, chief executive officer and a director of Sprouts Farmers Market.
Michaels Companies (NASDAQ:MIK) shareholders are no doubt pleased to see that the share price has bounced 30% in the...
Michaels (NASDAQ:MIK) announced Dec. 27 that it hired Walmart (NYSE:WMT) executive Ashley Buchanan as CEO. While that was great news for Michaels stock, which shot up 32%, Walmart stock barely moved.Source: Jonathan Weiss / Shutterstock.com And that's the way it should be.A good company or sports team has a deep bench to ensure departures don't hurt their ongoing operations. Buchanan's departure from her Walmart role as the chief merchandising officer at its U.S. e-commerce business would be a body blow for many businesses, but for the Bentonville behemoth, it's just a minor blip in the road.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWalmart stock is coming off its best annual performance in years, delivering a total return of just less than 30%. By comparison, the stock has generated an annualized total return of 9.9% over the past 10 years.It's not going to be easy replacing someone of Buchanan's caliber, but the company will find a strong candidate.Walmart has a long history of reaching into its deep pool of talent to find replacements for staff turnover. Although it's something every business experiences, staff turnover is something retailers have gotten used to. Even the best have people leave for greener pastures. Starbuck's COOA classic example of Walmart plugging a hole on its executive team is the January 2017 resignation of Rosalind Brewer. At the time of Brewer's resignation, she had been the CEO of Sam's Club for five years. Brewer wanted a new challenge. * 9 Boring Stocks to Buy You Should Never Let Go Of That new challenge came in October 2017, just months after stepping down from Walmart. Brewer became the chief operating officer for Starbucks (NASDAQ:SBUX), a job she's still doing today.How good an executive is Brewer?She's credited with reviving Starbucks' growth since joining more than two years ago and that's reflected in its stock price, which is up 64% since her first day in October 2017. Over the same period, the Walmart stock price gained 51%.Walmart's loss is definitely Starbucks' gain. Brewer will either succeed SBUX CEO Kevin Johnson or she'll leave to be a leading CEO elsewhere. A Revolving DoorAs for Walmart, it replaced Brewer immediately with John Furner, Sam's Club's chief merchandising manager. Approximately 33 months later in November 2019, Furner was promoted to CEO of Walmart's U.S. business, replacing Greg Foran, who took a job as the CEO of Air New Zealand. Foran spent eight years working for Walmart, the last two as the head of its U.S. operations.Like musical chairs, Furner's role as CEO of Sam's Club was given to Kathleen McLay, who had been executive vice-president of the retailer's Neighborhood Markets' stores. McLay joined Walmart in April 2015.By utilizing an HR strategy that combines internal promotions and hiring externally, Walmart has been able to ensure there's enough talent to fill the inevitable holes that are created when employees jump ship for new opportunities.You're never going to be able to keep everyone happy, which is why the ability to fill your pipeline with good people will pay dividends for shareholders for years to come.It's safe to say that this intangible isn't found anywhere on its balance sheet or income statement. The Bottom Line on Walmart StockIn November, I argued that Target (NYSE:TGT), not WMT stock, was the better stock to buy heading into the holidays. One of the main reasons is the leadership of CEO Brian Cornell, who was named CNN Business CEO of the Year for 2019. * 7 Investing Resolutions to Follow in 2020 One of the things Cornell has done since his hiring in July 2014 is to strengthen the company's executive ranks with a combination of internal and external hires, including promoting the company's chief human resources officer, Stephanie Lundquist, to be president of its food and beverage operations.To remain at the top you've got to hire quality talent for both current opportunities and future ones. Walmart has shown that regardless of when and where executives leave, it has a succession plan in place to fill any gaps that might arise.You can't put a value on that quality.At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy to Kick Off the New Year * 7 Buyout Targets to Watch For 2020 * 9 Boring Stocks to Buy You Should Never Let Go Of The post Walmartas Deep Bench Will Keep Powering the Stock in 2020 appeared first on InvestorPlace.
Arts and crafts retailer Michaels hires a new CEO from Walmart after its current CEO has served in the permanent position for a short period.
The arts and crafts retailer had said some stores would be converted to Michaels, but not these locations.
This week we saw the The Michaels Companies, Inc. (NASDAQ:MIK) share price climb by 25%. But don't envy holders...
On Dec. 27, Michaels Companies Inc (NASDAQ: MIK ) named Walmart Inc (NYSE: WMT ) executive Ashley Buchanan as its CEO . The announcement thrust Michaels’ stock price up 45%, but not everyone on the Street ...
U.S. stock benchmarks on Friday closed out a holiday-shortened week modestly lower, as the main indexes lost steam at the end of a stretch that has mostly seen investors scoop up risky assets with just two trading sessions remaining in 2019. The Nasdaq Composite Index snapped an 11-day streak, finishing down 0.2%, at 9,006, holing above a psychologically significant level at 9000, which it broke above for the first time on Thursday. The technology-laden index had produced 11 straight gains and 10 consecutive record finishes before Friday's close. The Dow Jones Industrial Average finished slightly higher at 28,645, marking a fresh record, while the S&P 500 index ended the session virtually unchanged at 3,240 (and could notch a record if it settles in the green. All closing levels are on a preliminary basis). All three benchmarks ended Thursday trade at all-time highs and have produced healthy weekly gains. For the week, the Nasdaq logged a 0.9% gain, the S&P 500 closed up 0.6% and the Dow gained 0.7% on the week. In corporate news, shares of Tesla Inc. finished slightly lower, down 0.1%, even as the electric-car maker said it was set to deliver China-made Model 3 cars starting on Monday. Separately, shares of Michaels Cos. surged 33% after the arts-and-crafts retailer said it was hiring Ashley Buchanan, a top e-commerce executive from Walmart Inc. to become its president and CEO. Markets will see another abbreviated session next week, with markets closed for the New Year on Wednesday.
The Michaels Companies, Inc. stock soared 33.7% in Friday trading after the crafts retailer announced that Ashley Buchanan, a former Walmart Inc. executive, has been named chief executive, effective Jan. 6, 2020. Shares are on track for the largest one-day percentage gain since going public. He succeeds Mark Cosby, who will stay on until April 1, 2020 to complete the transition. Cosby will remain on the board after he steps down from the CEO position. Buchanan joined Walmart in 2007 and was most recently the chief merchandising and chief operating officer for Walmart U.S. e-commerce. Denise Paulonis, Michaels' chief financial officer, will also leave the company, effective Jan. 31, 2020, for another job. She was with the company for five years. Michaels stock has tumbled 52% over the last year while the S&P 500 index is up 30.5%.