Robert W. Baird analyst Timothy Wojs maintained a Hold rating on Mohawk (MHK) on February 15. The company’s shares closed last Wednesday at $169.75, close to its 52-week high of $178.19.
According to TipRanks.com, Wojs is ranked #2903 out of 7317 analysts.
Currently, the analyst consensus on Mohawk is a Moderate Buy with an average price target of $174.00.
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Based on Mohawk’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.64 billion and net profit of $248 million. In comparison, last year the company earned revenue of $2.42 billion and had a net profit of $265 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MHK in relation to earlier this year.
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Mohawk Industries, Inc. engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications. The Flooring NA segment includes floor covering product lines, in a broad range of colors, textures, and patterns. The Flooring ROW segment consists of laminate, hardwood flooring, and vinyl flooring products, roofing elements, insulation boards, medium-density fiberboard, and chipboards. The company was founded on December 22, 1988 and is headquartered in Calhoun, GA.
