How much is a Mik stock worth?
One share of MIK stock can currently be purchased for approximately $21.97. How much money does Michaels Companies make? Michaels Companies has a market capitalization of $3.12 billion and generates $5.07 billion in revenue each year.
What is the downside for Michaels Companies'stock?
On average, they expect Michaels Companies' stock price to reach $19.67 in the next year. This suggests that the stock has a possible downside of 10.5%. View analysts' price targets for Michaels Companies or view top-rated stocks among Wall Street analysts.
How profitable is Michaels Companies?
Michaels Companies has a market capitalization of $3.12 billion and generates $5.07 billion in revenue each year. The specialty retailer earns $272.60 million in net income (profit) each year or $2.11 on an earnings per share basis.
What kind of stores does Michaels own?
The Michaels Companies, Inc. 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.
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Is Michaels stock a good buy?
Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. One stock to keep an eye on is Michaels (MIK). MIK is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. Investors will also notice that MIK has a PEG ratio of 3.93.
Is Michaels craft store publicly traded?
Michaels transitioned from a publicly traded company to a private one in April. It was acquired in a $3.3 billion leveraged buyout by Apollo Global Management in a transaction that valued the retailer at $5 billion.
Why is Michaels stock up?
Michaels is scheduled to report its fourth-quarter and full-year 2020 results on March 4, but results from its third quarter 2020 supported the company's omni-channel strategy. Sales grew more than 15%, and e-commerce sales increased 128% compared to the prior-year period.
Does Michaels pay dividends?
We have no current plans to pay dividends on our Common Stock in the foreseeable future.
What happens to Michaels stock?
Apollo will acquire all outstanding Michaels stock for $22 per share in a tender offer. That represents a 47% premium to the closing price on Friday, the day before speculation of the deal was publicized in the media. The companies value the transaction at $5 billion.
Who owns Michaels craft store?
Blackstone Inc.Michaels / Parent organizationBlackstone Inc. is an American alternative investment management company based in New York City. In 2019, Blackstone converted from a publicly traded partnership into a C-type corporation. Wikipedia
Who is cheaper Michaels or Hobby Lobby?
After visiting both stores, I found that Michaels was the clear winner between the two. Even though Hobby Lobby was a bit less expensive, Michaels price matches, and it had a lot more variety to choose from in the store.
Has Michaels been bought out?
Making Michaels easier to love among its loyal shoppers became a simpler task in March when Michaels agreed to be bought by private equity firm Apollo Global Management in a $5 billion deal, meaning Buchanan could move faster than investors typically allow publicly listed companies to.
Is Michaels better than Hobby Lobby?
Both stores sell products like canvases, sketchbooks, brushes, and paints, but Michaels has a greater variety of brands and prices to choose from. Michaels' wider product variety includes higher quality art supplies that Hobby Lobby does not sell.
How were Michaels Companies' earnings last quarter?
The Michaels Companies, Inc. (NASDAQ:MIK) announced its quarterly earnings results on Wednesday, March, 3rd. The specialty retailer reported $1.69...
Who are Michaels Companies' key executives?
Michaels Companies' management team includes the following people: Mr. Ashley Buchanan , Pres, CEO & Director (Age 46, Pay $3.74M) Mr. Mark S. C...
What is Ashley Buchanan's approval rating as Michaels Companies' CEO?
132 employees have rated Michaels Companies CEO Ashley Buchanan on Glassdoor.com . Ashley Buchanan has an approval rating of 56% among Michaels Co...
Who are some of Michaels Companies' key competitors?
Some companies that are related to Michaels Companies include Jerónimo Martins, SGPS (JRONY) , Burlington Stores (BURL) , Advance Auto Parts (AA...
What other stocks do shareholders of Michaels Companies own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Michaels Companies investors own include Bank of America (...
What is Michaels Companies' stock symbol?
Michaels Companies trades on the NASDAQ under the ticker symbol "MIK."
What is Michaels Companies' stock price today?
One share of MIK stock can currently be purchased for approximately $21.97.
How much money does Michaels Companies make?
Michaels Companies (NASDAQ:MIK) has a market capitalization of $3.12 billion and generates $5.07 billion in revenue each year. The specialty retail...
How many employees does Michaels Companies have?
Michaels Companies employs 11,000 workers across the globe.
About Michaels Companies
The Michaels Companies, Inc. 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.
Michaels Companies (NASDAQ:MIK) Frequently Asked Questions
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Michaels Companies in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Michaels Companies stock.
How much did Michaels sell in the third quarter?
Michaels’ sales during the third quarter rose 15% year over year, to $1.41 billion, while its online sales more than doubled. The retailer said it will release its fourth-quarter results on Thursday, but it will no longer hold a conference call with analysts. The deal with Apollo is expected to close during the first half of Michaels’ fiscal year.
How much did Apollo buy Michaels stock?
Apollo will acquire all outstanding Michaels stock for $22 per share in a tender offer. That represents a 47% premium to the closing price on Friday, the day before speculation of the deal was publicized in the media. The companies value the transaction at $5 billion.
How long is Michaels' go shop?
Michaels said the terms of the deal were unanimously approved by its board. The companies said that there will be a 25-day “go-shop” period, starting Wednesday, where Michaels will be able to entertain other options, but this process won’t necessarily lead to a better offer.
When did Michaels go public?
Michaels went public again in 2014.
Where are Michaels bags?
Reusable shopping bags are displayed beneath a checkout counter at a Michaels craft store in Cincinnati, Ohio. Arts and crafts retailer Michaels said Wednesday it agreed to be taken private in a $3.3 billion deal with Apollo Global Management.
What happened
Shares of Michaels Companies ( MIK ) were moving higher today for the second day in a row as the arts-and-crafts retailer got a boost from the market's rotation out of overbought growth stocks and into beaten down cyclical stocks like Michaels, which had sold off sharply with the rest of the consumer discretionary retail sector.
So what
There was no specific news out on Michaels today. But non-essential retailers that had their stores closed for much of the shutdown period have rallied in recent days as the economy continues to reopen and progress toward a vaccine appears to be taking place.
Now what
Michaels will deliver its first-quarter earnings report next Thursday, and better-than-expected results and positive commentary about reopening could drive a further surge in the stock. Analysts are expecting revenue to fall from $1.09 billion to $1.01 billion and for earnings per share to dip from $0.31 to $0.13.
Who is the CEO of Michaels?
Ashley Buchanan, CEO of Michaels, said that the decision to be acquired won't change the company's business strategy. He added, "As a private company, we will have financial flexibility to invest in, expand, and improve our retail and digital platforms.".
When will Michaels report its results?
Michaels is scheduled to report its fourth-quarter and full-year 2020 results on March 4 , but results from its third quarter 2020 supported the company's omni-channel strategy. Sales grew more than 15%, and e-commerce sales increased 128% compared to the prior-year period.
Is Michaels stock over $22?
Michaels' shares are currently trading slightly over the $22 transaction price. Some investors may believe another more lucrative offer could emerge, but there's always a risk of the current deal falling through. The best move for investors at this point would be to take the gains and move on.
