20.38 +0.03 (0.17%)
After hours: 4:28PM EDT
|Bid||17.75 x 4000|
|Ask||21.60 x 1000|
|Day's Range||20.18 - 20.58|
|52 Week Range||17.66 - 27.87|
|PE Ratio (TTM)||10.86|
|Earnings Date||Aug 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.50|
Ralph Lauren, Wynn Resorts, Chemours, Pulte, Michaels, General Motors and General Electric highlighted as Zacks Bull and Bear of the Day
In a world that’s increasingly focused and competing in the technology sector, the arts and crafts market seems woefully anachronistic. When I first heard about Etsy (NASDAQ:ETSY), I doubted its ability to resonate with consumers. One look at ETSY stock, though, proves how wrong I was.
Home furnishings and décor retailer At Home Group Inc. (home) says proposed tariffs on $200 billion in Chinese goods won't have a material impact on results for fiscal 2019 or fiscal 2020. "Additionally, with an average selling price of less than $15 and an average basket of approximately $65, the company believes that in some circumstances, price adjustments could be made without materially affecting its overall customer value proposition," At Home said.
Under evaluation this morning are these four equities: Party City Holdco Inc. (NYSE: PRTY), Stitch Fix Inc. (NASDAQ: SFIX), BJ's Wholesale Club Holdings Inc. (NYSE: BJ), and The Michaels Cos. Inc. (NASDAQ: MIK). On Monday, shares in Elmsford, New York-based Party City Holdco Inc. recorded a trading volume of 613,002 shares.
LONDON, UK / ACCESSWIRE / July 11, 2018 / If you want access to our free earnings report on The Michaels Cos., Inc. (NASDAQ: MIK), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MIK. Michaels Cos. reported its first quarter fiscal 2018 operating and financial results on June 12, 2018. Additionally, the Company provided guidance for the upcoming quarter and fiscal year.
Michaels Companies' (MIK) robust store-expansion initiatives along with other growth strategies make it a safe bet for investors' portfolio.
Malls anchored by department stores like Sears Holdings Corp (NASDAQ: SHLD) dominated the retail segment decades ago — and are among the most challenged today, Kodali said. On the other hand, new-age "neighborhood centers" anchored by anything from Whole Foods to Sprouts Farmers Market Inc (NASDAQ: SFM) and Michaels Companies Inc (NASDAQ: MIK) are finding success, the analyst said.
Short interest is moderately high for MIK with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 2. Over the last month, growth of ETFs holding MIK is favorable, with net inflows of $6.02 billion.
The Michaels Companies, Inc. (MIK) today announced that it has entered into an accelerated share repurchase agreement (“ASR”) to repurchase approximately $250 million of the Company’s outstanding common shares. The ASR is part of the Company’s Board-approved $500 million repurchase authorization announced June 15, 2017. Pursuant to the ASR agreement, on July 2, 2018 the Michaels Companies will pay $250 million and receive an initial delivery of approximately 10.5 million shares, which is approximately 80% of the total number of shares of the Company’s common stock expected to be repurchased under the ASR.
Short interest is low for MIK with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 22. Over the last month, growth of ETFs holding MIK is favorable, with net inflows of $8.20 billion.
NEW YORK, June 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Chevron ...
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / While it was an exciting day for one crafts company, it was a very disappointing day for another. Shares of Etsy were exploding in Thursday trading and even hitting a new high after announcing an increase in its cut that the company takes from sales. Shares of The Michaels Companies plummeted and came just 50 cents shy of hitting its 52-week low during intra-day trading after issuing worrisome second quarter guidance.
Michaels Companies (MIK) reports top- and bottom-line beat in first-quarter fiscal 2018. However, investors punish the stock on soft view for the fiscal second quarter.
Investors shrugged off solid first-quarter results and firm full-year guidance to focus squarely on modest guidance for the next quarter.
This is up just barely from its earnings per share of 38 cents reported in the same period of the year prior. It also came in above Wall Street’s earnings per share estimate of 38 cents for the quarter. Net income reported by Michaels Companies Inc for its fiscal first quarter of 2018 was $26.89 million.
The site for handmade goods, which struggled after its initial public offering in 2015, began its turnaround effort after board member and former eBay executive Josh Silverman took charge as chief executive officer in May last year after ex-CEO Chad Dickerson stepped down. Silverman came to Etsy amid concerns about slowing growth, poor functionality of the company's website and the specter of competition from Amazon.com Inc, which launched a marketplace for handmade goods in 2015. The company now expects revenue growth of 32 percent to 34 percent in 2018, up from its previous forecast of 22 percent to 24 percent.
Shares of traditional retailers The Michaels Companies Inc. ( MIK) and Tailored Brands Inc. ( TLRD) were plagued with double-digit losses in pre-market trade today on the heels of their quarterly reports. Arts and crafts retailer Michaels Companies reported first-quarter adjusted net income of 39 cents per share, topping the Street view of 38 cents per share. Michaels stock is off 9.3% year to date.