Published On: Thu, Mar 17th, 2016

The Michaels Companies, Inc. (NASDAQ:MIK) To Release Earnings

Analysts await The Michaels Companies, Inc. (NASDAQ:MIK) to report earnings on Mar, 17 for the fiscal quarter ending Jan 2016.

They expect $0.84 EPS, up 10.71% or $0.09 from last year’s $0.75 per share.

The biggest institutional shareholders in The Michaels Companies, Inc. include Bain Capital Investors LLC which owns 67 million shares in the company valued at $1.48 B million. Blackstone Group LP is the second biggest holder with 64 million shares currently valued at 1.42 B million whilst T. Rowe Price Associates, Inc. has 18 million shares valued at 388.19 million.

Total shares held by institutions as of the most recent company filings are 194,020,857 with a reported 5,168,887 bought and 10,995,700 sold. These holdings make up 92.85% of the company’s outstanding shares.

Currently insiders hold 933,056 shares in the business which makes up 0.45% of shares. The biggest holder currently is Carl (Chuck) Rubin who owns 352,812 shares (0.17% of those outstanding), whilst Philo Pappas holds 175,936 (0.08% of shares outstanding) and Mr. Charles M. Sonsteby holds 101,517 (0.05% of shares outstanding).

The stock decreased 1.70% or $0.42 during the last trading session, hitting $24.95. The Michaels Companies, Inc. (NASDAQ:MIK) has fallen 3.93% over the past 6 months and is downtrending.

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