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Profile - Michaels Stores, Inc. (NasdaqNM:MIKE)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Recent Events
Aug 29Earnings Announcement
Aug  4Fiscal quarter ended
July 27Price hit new 52-week high ($44.69)
Location
8000 Bent Branch Drive, P.O. Box 619566
Dallas-Fort Worth, TX 75261
Phone: (972) 409-1300
Fax: (972) 409-1555
Employees (last reported count): 11,300
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Retail (Specialty)
Company Websites
 ·Home Page
 ·Employment
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Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider and 5%+ Owners: 44%
·Over the last 6 months:
 · 7 insider sells; 290.0K shares
  (2.0% of insider shares)
·Institutional: 85% (152% of float)
(344 institutions)
·Net Inst. Buying: 745.0K shares (+2.63%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Michaels Stores, Inc. is a national specialty retailer providing materials, ideas and education for creative activities in home decor, art and craft projects. The Company operates 629 Michaels stores in 48 states, as well as Canada and Puerto Rico featuring arts, crafts, framing, floral, decorative wall decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. A Michaels store typically carries over 40,000 items. The Company's wholly owned subsidiary, Aaron Brothers, Inc., operates a chain of 117 framing and art supply stores. Aaron Brothers stores are located primarily on the West Coast.
More from Market Guide: Expanded Business Description

Financial Summary
MIKE owns and operates 629 Michaels stores and 117 Aaron stores, which feature creative art products and home decor items. MIKE stores are located in 47 states, Puerto Rico, and Canada. For the 26 weeks ended 8/4/01, revenues increased 11% to $1.01 billion. Net income before accounting change fell 18% to $12 million. Revenues reflect new stores opened and increased comparable store sales. Earnings were offset by $3.2 million in litigation settlement expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2001 Compensation
PayExer

Charles Wyly, Jr., 67
Chairman
$225K$11.8M
R. Michael Rouleau, 62
Pres, CEO, Chief Operating Officer
1.0M7.6M
Sam Wyly, 66
Vice Chairman
450K25.3M
Bryan DeCordova, 44
CFO, Exec. VP
--  --  
James Tucker, 56
Exec. VP and CIO
--  --  
Dollar amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:MIKEAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-Oct-2000
$18.00 
Recent Price$42.02 
52-Week High
on 27-July-2001
$44.69 
Beta0.90 
Daily Volume (3-month avg)240.2K
Daily Volume (10-day avg)254.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+15.5%
52-Week Change
relative to S&P500
+55.0%
Share-Related Items
Market Capitalization$1.36B
Shares Outstanding32.3M
Float18.1M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq*)$22.66 
Earnings (ttm)$2.30 
Earnings (mrq)$0.14 
Sales (ttm)$69.57 
Cash (mrq*)$3.52 
Valuation Ratios
Price/Book (mrq*)1.85 
Price/Earnings (ttm)18.30 
Price/Sales (ttm)0.60 
Income Statements
Sales (ttm)$2.35B
EBITDA (ttm*)$177.6M
Income available to common (ttm)$77.0M
Profitability
Profit Margin (ttm)3.3%
Operating Margin (ttm)6.1%
Fiscal Year
Fiscal Year EndsFeb 3
Most recent quarter
(fully updated)
4-Aug-2001
Most recent quarter
(flash earnings)
31-July-2001
Management Effectiveness
Return on Assets (ttm)6.27%
Return on Equity (ttm)10.66%
Financial Strength
Current Ratio (mrq*)2.90 
Debt/Equity (mrq*)0.44 
Total Cash (mrq)$113.7M
Short Interest
As of 8-Aug-2001
Shares Short1.35M
Percent of Float7.5%
Shares Short
(Prior Month)
1.23M
Short Ratio5.34 
Daily Volume253.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-July-2001, except mrq*/ttm* items as of 4-Aug-2001)

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