MIK - The Michaels Companies, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
5.25
-0.35 (-6.25%)
At close: 4:00PM EDT
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Previous Close5.60
Open5.50
Bid0.00 x 1400
Ask0.00 x 4000
Day's Range5.21 - 5.53
52 Week Range4.96 - 20.81
Volume2,246,559
Avg. Volume2,847,612
Market Cap830.393M
Beta (3Y Monthly)1.13
PE Ratio (TTM)2.63
EPS (TTM)2.00
Earnings DateSep 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est9.60
Trade prices are not sourced from all markets
  • UPS expands delivery with drones and major retailers
    Yahoo Finance Video

    UPS expands delivery with drones and major retailers

    UPS announces partnerships with CVS, Michael's, and Advance Auto Parts to expand delivery, as well as the creation of their drone subsidiary 'UPS Flight Forward' with hopes for FAA approval by end of year. Jen Rogers and Myles Udland discuss on Yahoo Finance's 'The Final Round'.

  • Michaels Down 60% YTD: Can Growth Efforts Revive the Stock?
    Zacks

    Michaels Down 60% YTD: Can Growth Efforts Revive the Stock?

    Michaels' (MIK) soft margin trend is likely to continue due to adverse impact of tariffs. Nevertheless, the company's efforts to enhance omni-channel experience are encouraging.

  • Is The Michaels Companies, Inc.’s (NASDAQ:MIK) 25% ROCE Any Good?
    Simply Wall St.

    Is The Michaels Companies, Inc.’s (NASDAQ:MIK) 25% ROCE Any Good?

    Today we'll evaluate The Michaels Companies, Inc. (NASDAQ:MIK) to determine whether it could have potential as an...

  • CustomInk acquires Beyoncé-backed Sidestep
    American City Business Journals

    CustomInk acquires Beyoncé-backed Sidestep

    The deal transpired through CustomInk's Represent platform — focused on "influencer-led custom apparel."

  • Why Michaels Stock Dropped 21% in July
    Motley Fool

    Why Michaels Stock Dropped 21% in July

    Analysts did the specialty retailer no favors last month.

  • Business Wire

    The Michaels Companies to Report Second Quarter 2019 Results on September 4, 2019

    The Michaels Companies, Inc. (MIK) today announced that the Company plans to report second quarter sales and earnings results on Wednesday, September 4, 2019, before the opening of U.S. financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Wednesday, September 4, 2019, to discuss its financial and operational results. Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10134108.

  • Should Value Investors Pick Michaels Companies (MIK) Stock?
    Zacks

    Should Value Investors Pick Michaels Companies (MIK) Stock?

    Let's see if Michaels Companies (MIK) stock is a good choice for value-oriented investors right now from multiple angles.

  • Michaels, UPS to partner on package drop-off points
    American City Business Journals

    Michaels, UPS to partner on package drop-off points

    UPS Inc. (NYSE: UPS) will now use 1,100 Michaels stores for its UPS Access Point system — which allows retail spaces and local businesses to serve as drop-off and pickup points for customers, the company announced Tuesday.  People who use e-commerce via UPS can choose a package to ship to a Michaels store, using the UPS My Choice App. The companies piloted the partnership last year in Austin, then later expanded the pilot to The Michaels Company Inc. (NASDAQ: MIK) locations in Atlanta and Dallas this year.  "Michaels is always looking for new ways to make the shopping experience easier for our customers," Matthew Rubin, SVP of Business Development and Growth for Michaels, said in a statement.

  • UPS teams up with 3 major retailers, launches new services to expand delivery
    Yahoo Finance

    UPS teams up with 3 major retailers, launches new services to expand delivery

    UPS announced a major expansion of its delivery services across the U.S. to capture more e-commerce business.

  • Schaeffer's Investment Research

    Analyst: This Stock Could Fall Another 40%

    BofA-Merrill Lynch downgraded the equity to "underperform"

  • MarketWatch

    Michaels' stock tumbles after BofA Merrill Lynch turns bearish, citing potential sales outlook cut

    Shares Michaels Companies Inc. tumbled 7.7% to pace the retail sector's decliners, after Bank of America Merrill Lynch turned bearish, citing potentially long-term struggles that are "unlikely to resolve" until a new CEO is named. The company had announced in February that then-CEO Chuck Rubin was agreed to step down after six years in charge. Analyst Elizabeth Suzuki cut her rating to underperform from neutral, while slashing her price target to $5, which is 35% below current levels, from $9. She said a proprietary survey of over 2,000 U.S. consumers has provided some insight into the "opaque" arts and crafts retail sector, suggesting the sector has struggled with "a lack of compelling trends" and an increase in competition. As the only publicly traded "pure-play" arts and crafts retailer, Suzuki expects Michaels to cut its full-year outlook for same-store sales, after the company has been reporting decelerating sales but recently maintained its full-year outlook. "[Michaels's] expectation for a [second-half] rebound appears overly optimistic, in our view, and we expect guidance to be lowered in the upcoming quarters," Suzuki wrote in a note to clients. The stock, which was the biggest decliner in the SPDR S&P Retail ETF has lost 43% year to date, while the retail ETF has gained 3.7% and the S&P 500 has rallied 20%.

  • Casey's General Stores, Michaels, lululemon athletica, Guess' and Under Armour highlighted as Zacks Bull and Bear of the Day
    Zacks

    Casey's General Stores, Michaels, lululemon athletica, Guess' and Under Armour highlighted as Zacks Bull and Bear of the Day

    Casey's General Stores, Michaels, lululemon athletica, Guess' and Under Armour highlighted as Zacks Bull and Bear of the Day

  • Bear of the Day: The Michaels Companies (MIK)
    Zacks

    Bear of the Day: The Michaels Companies (MIK)

    Bear of the Day: The Michaels Companies (MIK)

  • If You Had Bought Michaels Companies (NASDAQ:MIK) Stock Three Years Ago, You'd Be Sitting On A 66% Loss, Today
    Simply Wall St.

    If You Had Bought Michaels Companies (NASDAQ:MIK) Stock Three Years Ago, You'd Be Sitting On A 66% Loss, Today

    This week we saw the The Michaels Companies, Inc. (NASDAQ:MIK) share price climb by 12%. But that is small recompense...

  • 2018 was a year of shake-ups for DFW's highest-paid public company CEOs
    American City Business Journals

    2018 was a year of shake-ups for DFW's highest-paid public company CEOs

    Of the 25 companies with the highest-paid public company CEOs in the region, 10 had some kind of turnover in the chief executive office since June 2018.

  • Why Michaels Companies Stock Has Fallen 36% So Far in 2019
    Motley Fool

    Why Michaels Companies Stock Has Fallen 36% So Far in 2019

    A new CEO is trying to improve negative sales trends.

  • Hawk Ridge Capital Management’s Return, AUM, and Holdings
    Insider Monkey

    Hawk Ridge Capital Management’s Return, AUM, and Holdings

    In 2005, David Brown decided it was time to launch his own long/short-focused asset management firm, and he did it with $4 million of initial capital, naming the fund Hawk Ridge Capital Management. Over the years the fund progressed, reaching $345.99 million in assets under management (at the end of 2016). The fund is headquartered […]

  • Can Michaels (MIK) Withstand Tariff & Margin-Related Woes?
    Zacks

    Can Michaels (MIK) Withstand Tariff & Margin-Related Woes?

    Michaels (MIK) is in rough waters, owing to a soft margins trend and troubles related to tariff increases on imported goods. These should continue to bother the stock in the near term.

  • Business Wire

    The Michaels Companies, Inc. Announces Pricing of Senior Notes

    The Michaels Companies, Inc. (MIK) (the “Company”) today announced that its indirect, wholly owned subsidiary, Michaels Stores, Inc. (the “Issuer”), priced its offering of $500 million in aggregate principal amount of Senior Notes due 2027 (the “Notes”). The Issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem its existing 5.875% Senior Subordinated Notes due 2020. The offering is expected to close on or about July 8, 2019, subject to customary closing conditions.

  • Should You Investigate The Michaels Companies, Inc. (NASDAQ:MIK) At US$8.84?
    Simply Wall St.

    Should You Investigate The Michaels Companies, Inc. (NASDAQ:MIK) At US$8.84?

    The Michaels Companies, Inc. (NASDAQ:MIK), which is in the specialty retail business, and is based in United States...

  • At US$8.84, Is The Michaels Companies, Inc. (NASDAQ:MIK) Worth Looking At Closely?
    Simply Wall St.

    At US$8.84, Is The Michaels Companies, Inc. (NASDAQ:MIK) Worth Looking At Closely?

    The Michaels Companies, Inc. (NASDAQ:MIK), which is in the specialty retail business, and is based in United States...

  • Moody's

    Michaels Stores, Inc. -- Moody's assigns a B1 to Michaels sr unsecured notes

    Moody's Investors Service ("Moody's") assigned a B1 to Michaels Stores, Inc.'s proposed 8 year $500 million senior unsecured note offering. Moody's affirmed Michaels' Ba2 Corporate Family rating, Ba2-PD Probability of Default ratings, and Ba2 senior secured rating. "This refinancing extends Michael's debt maturity ladder in a leverage neutral transaction thereby improving the company's overall credit profile".

  • Business Wire

    The Michaels Companies, Inc. Announces Offering of Senior Notes

    The Michaels Companies, Inc. (MIK) (the “Company”) today announced that its indirect, wholly owned subsidiary, Michaels Stores, Inc. (the “Issuer”), intends to offer $500 million in aggregate principal amount of Senior Notes due 2027 (the “Notes”). The Issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem its existing 5.875% Senior Subordinated Notes due 2020. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and other applicable securities laws.

  • Thomson Reuters StreetEvents

    Edited Transcript of MIK earnings conference call or presentation 6-Jun-19 1:00pm GMT

    Q1 2019 Michaels Companies Inc Earnings Call

  • Hedge Funds Have Never Been This Bullish On The Michaels Companies, Inc. (MIK)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On The Michaels Companies, Inc. (MIK)

    Is The Michaels Companies, Inc. (NASDAQ:MIK) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known […]