Carl Rubin - Michaels Companies Chairman
Chairman
Mr. Carl S. Rubin is no longer Chairman of the Board of the Company., effective April 1, 2019. Mr. Rubin was named our Chief Executive Officer in March 2013 and Chairman in April 2015. Prior to joining us, Mr. Rubin served as President and Chief Executive Officer of Ulta Salon, Cosmetics Fragrance, Inc. since September 2010, and served as Chief Operating Officer from April 2010 to September 2010. Prior to joining Ulta, he served as President of the North American Retail division of Office Depot, Inc. beginning in January 2006 and as Executive Vice President, Chief Marketing Officer and Chief Merchandising Officer of Office Depot from 2004 to January 2006. Prior to joining Office Depot, Mr. Rubin spent six years at Accenture Consulting in senior leadership roles including Partner, where he advised clients and led engagements across retail formats and ecommerce businesses. Prior to that, Mr. Rubin held a number of senior merchandising and general management positions in the specialty retail and department store industry including with Federated Department Stores. Since December 2015, he has served as a member of the board of directors and of the Audit and Compensation Committees of Ascena Retail Group, Inc., a leading womens clothing and accessories specialty retailer since 2019.
| Age | 58 |
| Tenure | 5 years |
| Phone | 972 409-1300 |
| Web | www.michaels.com |
Michaels Companies Management Efficiency
The company has Return on Asset of 9.38 % which means that on every $100 spent on assets, it made $9.38 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of (0.14) %, meaning that it generated no profit with money invested by stockholders. Michaels Companies' management efficiency ratios could be used to measure how well Michaels Companies manages its routine affairs as well as how well it operates its assets and liabilities.The company has 4.21 B in debt. The Michaels Companies has a current ratio of 1.29, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist Michaels Companies until it has trouble settling it off, either with new capital or with free cash flow. So, Michaels Companies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like The Michaels Companies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Michaels to invest in growth at high rates of return. When we think about Michaels Companies' use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -0.14 | |||
| Return On Asset | 9.38 |
The Michaels Companies Leadership Team
Elected by the shareholders, the Michaels Companies' board of directors comprises two types of representatives: Michaels Companies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Michaels. The board's role is to monitor Michaels Companies' management team and ensure that shareholders' interests are well served. Michaels Companies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Michaels Companies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Veitenheimer, Sr. VP, General Counsel and Secretary | ||
| Lewis Klessel, Interim COO | ||
| Ryan Cotton, Director | ||
| Lance Weibye, Vice President - Development | ||
| Robert Koch, Executive Vice President – Stores and Development | ||
| Shawn Hearn, Senior Vice President - Human Resources | ||
| John Mahoney, Director | ||
| Stephen Carlotti, Executive VP of Marketing | ||
| Monte Ford, Director | ||
| Matthew Levin, Director | ||
| Philo Pappas, Executive VP of Merchandising | ||
| Karen Kaplan, Director | ||
| Mark Cosby, Interim CEO, Director | ||
| Peter Wallace, Director | ||
| James Quella, Director | ||
| Beryl Raff, Director | ||
| Thomas DeCaro, Executive VP of Supply Chain | ||
| Dennis Mullahy, Sr. VP of Growth Initiatives | ||
| Charles Sonsteby, CFO and Chief Admin. Officer | ||
| Nadim Gabbani, Director | ||
| Theodore Bachmeier, Executive Vice President - Store Operations | ||
| Carl Rubin, Chairman, CEO and Member of Nominating and Corporate Governance Committee | ||
| Denise Paulonis, CFO, Executive Vice President | ||
| Joshua Bekenstein, Director |
Michaels Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Michaels Companies a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.14 | |||
| Return On Asset | 9.38 | |||
| Profit Margin | 5.59 % | |||
| Operating Margin | 11.90 % | |||
| Current Valuation | 6.13 B | |||
| Shares Outstanding | 141.66 M | |||
| Shares Owned By Insiders | 0.85 % | |||
| Shares Owned By Institutions | 99.15 % | |||
| Number Of Shares Shorted | 7.94 M | |||
| Price To Earning | 11.07 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Michaels Companies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Michaels Companies' short interest history, or implied volatility extrapolated from Michaels Companies options trading.
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Other Consideration for investing in Michaels Stock
If you are still planning to invest in The Michaels Companies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Michaels Companies' history and understand the potential risks before investing.
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