Michaels Cos., Inc.

Michaels Cos., Inc.

Michaels Cos., Inc.

Overview
Date Founded

1973

Headquarters

8000 Bent Branch Drive, Irving, TX, 75063, USA

Type of Company

Public

Employees (Worldwide)

47K

Industries

Retail: Othe

Company Description

Michaels Cos., Inc. is an arts and crafts specialty retailer, which engages in the provision of materials, project ideas, and education for creative activities. It operates through the following segments: Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's, and Darice. The company was founded by Michael Dupey in 1973 and is headquartered in Irving, TX.

Contact Data
Trying to get in touch with decision makers at Michaels Cos., Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chief Executive Officer

President & Chief Executive Officer

Interim President-Merchandising & Supply Chain

Vice President, Chief Financial & Accounting Officer

Executive Vice President & Chief Information Officer

Chief Customer Officer

Executive Vice President & Chief Human Resources Officer

Executive Vice President-Stores & Development

Executive Vice President-Information Technology

Head Business Development

Board of Directors

Vice President, Assistant Treasurer, Assistant Secretary, Member of the Advisory Committee at Graham Packaging Company

Co-Chairman at Bain Capital LP

Senior Managing Director at Blackstone Capital Partners V LP

Former Chairman, President & Chief Executive Officer at Independent Advertising, Inc.

Managing Director at Bain Capital Private Equity LP

Former Executive Vice President, Chief Administrative Officer & Chief Financial Officer at Staples, Inc.

Chairman & Chief Executive Officer at Helzberg's Diamond Shops, Inc.

Senior Advisor at Bain Capital Private Equity LP

Partner at The CIO Strategy Exchange

Chief Executive Officer at Michaels Cos., Inc.

Paths to Michaels Cos., Inc.
Potential Connections via
Relationship Science
You
Michaels Cos., Inc.
Owners & Shareholders
Details Hidden

Contrarius Investment Management Ltd. is an active, contrarian manager which aims to create long-term wealth for clients by buying stocks they believe are trading below their intrinsic value and which are attractive relative to other opportunities. They follow a valuation-based investment approach, performing proprietary bottom-up research which seeks to determine the intrinsic value of an investment. The firm sells stocks when they believe they have reached their underlying intrinsic value or when they are less attractive than other opportunities, aiming to avoid the permanent loss which can result from continuing to hold a stock that ultimately corrects to fair value. Contrarius takes a long-term approach to investing, with a typical investment horizon of four years, believing that the ability to outperform in the long-term is largely determined by focusing on the long-term value of a business rather than short-term news flow.

Details Hidden

Bernzott Capital Advisors manages concentrated small-cap domestic equity portfolios. The stocks on the firm's buy list are selected and continually evaluated based on their in-house fundamental screening, in-depth financial and accounting analysis and qualitative analysis. They seek to identify companies that exhibit the ability to perform well regardless of industry conditions, cyclical trends or volatility in the economy or market. Bernzott does not buy commodities, futures, ADRs, warrants, options or foreign securities. They also do not purchase on margin, purchase IPOs, use mutual funds or engage in short selling. The firm only purchases domestic securities that are priced daily and can be sold without limitation so that portfolios are liquid, marketable and readily valued at any time.In general, Bernzott invests in the stocks of small-cap US companies in the commercial services, consumer services, finance and technology sectors. The firm maintains a medium turnover rate.

Details Hidden

Sapience Investments provides advice on investments on Small Cap Value Equity and Small/Mid Cap Value Equity securities. The goal of these strategies is to produce superior long-term returns with lower-than-market risk. The strategies primarily invest in domestic equity securities.Sapience employs a private equity approach to public markets designed to produce long-term returns with lower-than-market risk.The firm''s investment process is driven by fundamental, bottom-up research and maintains a long-term focus that seeks to take advantage of opportunities presented by short-term anomalies. Sapience seeks to identify small-cap companies with sustainable business models that possess attractive quality characteristics and generally are over a 2-4 investment horizon.The Small Cap Value Equity strategy seeks long-term returns and is measured against the Russell 2000 Value Index. The companies considered typically have a market-cap of $300 million to $4 billion. The Small/Mid Cap Value strategy seeks long-term returns and is measured against the Russell 2500 Value Index. Companies under consideration typically have a market-cap of $1 billion to $15 billion.

Recent Transactions
Details Hidden

Michaels Cos., Inc. issued Common Stock

Details Hidden

Michaels Cos., Inc. issued USD Common Stock

Details Hidden

Michaels Cos., Inc. issued USD Common Stock

Insider Transactions
Details Hidden
Transaction Advisors
Escrow Agent

Advised onMichaels Cos., Inc. issued Common Stock

Underwriter

Advised onMichaels Cos., Inc. issued Common Stock

Underwriter

Advised onMichaels Cos., Inc. issued Common Stock

Associate

Advised onMichaels Cos., Inc. issued Common Stock

Co-Chair, CleanTech & Energy Practice

Advised onMichaels Cos., Inc. issued Common Stock

Executive Director

Advised onMichaels Cos., Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Publicist

Director-External Communications at Helen of Troy Ltd.

Publicist

Partner at ICR LLC

Clients

Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Our portfolio of leading cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia. These brands, which comprise the most recognized cruise brands in North America, the United Kingdom, Germany and Italy, offer a wide range of holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. We also own a tour company that complements our cruise operations: Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Combined, our vacation companies attract 10 million guests annually

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America, Europe, Australia, and Asia (EEA), Cruise Support, and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe, Australia, and Asia (EEA) segment comprises of AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

Key Stats and Financials As of 2019
Market Capitalization
$762M
Total Enterprise Value
$4.79B
Earnings Per Share
$1.86
Revenue
$5.27B
EBITDAMargin
15.11%
Net Profit
$319M
EBITDA
$797M
Enterprise Value Sales
0.91x
Enterprise Value EBITDAOperating
6.02x
TEVNet Income
15.03x
Debt TEV
0.56x
Total Debt
$2.71B
Total Equity
$-1.63B
Three Year Compounded Annual Growth Rate Of Revenue
2.38%
Five Year Compounded Annual Growth Rate Of Revenue
2.9%
Suppliers
Demandware LLC Internet Software & Services | Burlington, Massachusetts

Demandware LLC provides cloud-based digital commerce solutions for retailers and branded manufacturers. The firm offers demandware and sales force commerce cloud, a digital commerce platform that enables customers to establish and execute complex digital commerce strategies, facilitates customers in global expansion, omni-channel processes, multi-brand and multi-site rollouts, predictive merchandising and in-store operations. The company was founded by Stephan Schambach and Wayne R. Whitcomb in 2004 and is headquartered in Burlington, MA.

First Capital Realty, Inc. Real Estate | Toronto, ON

First Capital Realty (TSX: FCR) is Canada’s leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres located predominantly in growing urban markets. As at September 30, 2012, the Company owned interests in 172 properties, including six under groundup development, totalling approximately 24.2 million square feet of gross leasable area and four sites in the planning stage for future retail development. As of September 30, 2012, 27 projects at 19 properties comprising 597,829 square feet of GLA have been certified to LEED®. First Capital Realty’s primary strategy is the creation of value over the long term by generating sustainable cash flow and capital appreciation of its shopping centre portfolio. To achieve its strategic objectives Management continues to: • be focussed and disciplined in acquiring well-located properties, primarily older centres and adjacent sites to existing properties in the Company’s target urban markets; • undertake selective development, redevelopment and repositioning activities on its properties including land use intensification; • proactively manage its existing shopping centre portfolio; • increase efficiency and productivity of operations; and • seek the lowest cost of capital over the long term. First Capital Realty was incorporated in November 1993 and conducts its business directly and through subsidiaries. Management, in measuring the Company’s performance or making operating decisions, distinguishes its operations on a geographical basis. The Company operates solely in Canada, in three operating regions: Eastern region which primarily includes operations in Quebec, Central region which includes the Company’s Ontario operations; and Western region which includes operations in Alberta and British Columbia. The regions are reported in a manner consistent with internal reporting provided to the chief operating decision maker in the Company.

SmartCentres Real Estate Investment Trust Real Estate Investment Trusts | Vaughan, ON

SmartCentres Real Estate Investment Trust is an open-ended mutual fund trust. The company is focused on the development and ownership of retail properties. It also pursues mixed-use development and intensification opportunities including residential, retirement homes, office and self-storage. The company was founded on December 4, 2001 and is headquartered in Vaughan, Canada.

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Hobby Lobby Stores, Inc. Wholesale: Consumer Durables - Oklahoma City, OK

Hobby Lobby Stores, Inc. manufactures and sells various arts and crafts. It products include arts and crafts supplies, fashion fabrics, baskets, silk flowers, party supplies, furniture, hobbies, home decor, holiday and seasonal. The company was founded by David Green on August 3, 1972 and is headquartered in Oklahoma City, OK.

Jo-Ann Stores LLC Retail: Other - Hudson, Ohio

Jo-Ann Stores LLC operates as a fabric and craft specialty retailer. It offers products for apparel, craft and home decor sewing and quilting, as well as a range of components, tools and kits for crafters of all ages. The company was founded in 1943 and is headquartered in Hudson, OH.

Awards & Honors
Rank #517
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Michaels Cos., Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Michaels Cos., Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Michaels Cos., Inc..