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Mohawk Industries - MHK Stock Forecast, Price & News

$126.56
+1.08 (+0.86%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$122.19
$127.39
50-Day Range
$116.67
$140.93
52-Week Range
$114.96
$207.79
Volume
346,330 shs
Average Volume
662,938 shs
Market Capitalization
$8.04 billion
P/E Ratio
8.49
Dividend Yield
N/A
Price Target
$145.92

Mohawk Industries MarketRank™ Forecast

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
15.3% Upside
$145.92 Price Target
Short Interest
Healthy
3.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.29
Upright™ Environmental Score
News Sentiment
-0.10mentions of Mohawk Industries in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.80%
From $14.46 to $13.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Consumer Discretionary Sector

198th out of 292 stocks

Carpets & Rugs Industry

2nd out of 2 stocks

MHK stock logo

About Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides wood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Feltex, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers. Mohawk Industries, Inc. was incorporated in 1988 and is headquartered in Calhoun, Georgia.

Analyst Upgrades and Downgrades

MHK has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $156.00 to $129.00 in a research note on Friday, July 15th. Raymond James lowered Mohawk Industries from a "strong-buy" rating to a "market perform" rating in a research note on Monday, August 1st. Bank of America upgraded Mohawk Industries from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $150.00 in a research note on Monday, May 2nd. Royal Bank of Canada dropped their price objective on Mohawk Industries from $112.00 to $101.00 and set an "underperform" rating for the company in a research note on Monday, August 1st. Finally, Robert W. Baird lowered their target price on Mohawk Industries from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mohawk Industries has a consensus rating of "Hold" and an average price target of $145.92.

Mohawk Industries Trading Up 0.9 %

Mohawk Industries stock traded up $1.08 during mid-day trading on Tuesday, hitting $126.56. The stock had a trading volume of 346,330 shares, compared to its average volume of 662,937. The stock has a 50-day simple moving average of $126.86 and a two-hundred day simple moving average of $134.22. The stock has a market capitalization of $8.04 billion, a PE ratio of 8.42, a P/E/G ratio of 1.96 and a beta of 1.25. Mohawk Industries has a 12 month low of $114.96 and a 12 month high of $207.79. The company has a current ratio of 1.51, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Mohawk Industries (NYSE:MHK - Get Rating) last issued its earnings results on Thursday, July 28th. The company reported $4.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.29 by $0.12. Mohawk Industries had a return on equity of 11.71% and a net margin of 8.39%. The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter last year, the business earned $4.45 earnings per share. The company's revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Mohawk Industries will post 14.46 EPS for the current year.

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MHK Stock News Headlines

Mohawk Industries (NYSE:MHK) Price Target Cut to $132.00
Mohawk Industries Inc Q2 Profit Decreases, but beats estimates
Mohawk Industries (MHK) Q2 Earnings Top Estimates
See More Headlines
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MHK Company Calendar

Last Earnings
7/28/2022
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Carpets & rugs
Sub-Industry
Home Furnishings
CUSIP
60819010
Employees
43,000
Year Founded
1878

Price Target and Rating

Average Stock Price Forecast
$145.92
High Stock Price Forecast
$210.00
Low Stock Price Forecast
$101.00
Forecasted Upside/Downside
+15.3%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
13 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
10.64%

Debt

Sales & Book Value

Annual Sales
$11.20 billion
Cash Flow
$23.83 per share
Book Value
$124.43 per share

Miscellaneous

Free Float
52,479,000
Market Cap
$8.04 billion
Optionable
Optionable
Beta
1.25

Social Links















MHK Stock - Frequently Asked Questions

Should I buy or sell Mohawk Industries stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MHK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MHK, but not buy additional shares or sell existing shares.
View MHK analyst ratings
or view top-rated stocks.

What is Mohawk Industries' stock price forecast for 2022?

13 brokers have issued 1-year target prices for Mohawk Industries' shares. Their MHK share price forecasts range from $101.00 to $210.00. On average, they expect the company's share price to reach $145.92 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
View analysts price targets for MHK
or view top-rated stocks among Wall Street analysts.

How have MHK shares performed in 2022?

Mohawk Industries' stock was trading at $182.18 at the beginning of 2022. Since then, MHK stock has decreased by 30.5% and is now trading at $126.56.
View the best growth stocks for 2022 here
.

When is Mohawk Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MHK earnings forecast
.

How were Mohawk Industries' earnings last quarter?

Mohawk Industries, Inc. (NYSE:MHK) posted its quarterly earnings results on Thursday, July, 28th. The company reported $4.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.29 by $0.12. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Mohawk Industries had a trailing twelve-month return on equity of 11.71% and a net margin of 8.39%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 EPS.
Read the conference call transcript
.

What guidance has Mohawk Industries issued on next quarter's earnings?

Mohawk Industries updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.33-$3.43 for the period, compared to the consensus estimate of $4.03. The company issued revenue guidance of -.

What is Jeffrey S. Lorberbaum's approval rating as Mohawk Industries' CEO?

212 employees have rated Mohawk Industries Chief Executive Officer Jeffrey S. Lorberbaum on Glassdoor.com. Jeffrey S. Lorberbaum has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Mohawk Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include NVIDIA (NVDA), Bank of America (BAC), Home Depot (HD), Micron Technology (MU), Broadcom (AVGO), Johnson & Johnson (JNJ), Alibaba Group (BABA), CVS Health (CVS), JPMorgan Chase & Co. (JPM) and Cisco Systems (CSCO).

What is Mohawk Industries' stock symbol?

Mohawk Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MHK."

Who are Mohawk Industries' major shareholders?

Mohawk Industries' stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (6.66%), State Street Corp (3.68%), Pzena Investment Management LLC (3.26%), Price T Rowe Associates Inc. MD (2.75%), Northern Trust Corp (0.86%) and GMT Capital Corp (0.63%). Insiders that own company stock include Bernard Thiers, Chistopher Wellborn, Cock Paul F De, Filip Balcaen, James Brunk, Jeffrey S Lorberbaum, Rodney David Patton, Rodney David Patton and Suzanne L Helen.
View institutional ownership trends
.

How do I buy shares of Mohawk Industries?

Shares of MHK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mohawk Industries' stock price today?

One share of MHK stock can currently be purchased for approximately $126.56.

How much money does Mohawk Industries make?

Mohawk Industries (NYSE:MHK) has a market capitalization of $8.04 billion and generates $11.20 billion in revenue each year. The company earns $1.03 billion in net income (profit) each year or $14.91 on an earnings per share basis.

How many employees does Mohawk Industries have?

The company employs 43,000 workers across the globe.

Does Mohawk Industries have any subsidiaries?
The following companies are subsidiares of Mohawk Industries: A&S Energie NV, A&U Energie NV, Aladdin Manufacturing Corporation, Aladdin Manufacturing Of New York LLC, Aladdin Manufacturing of Alabama LLC, Alsace Logistique S.A., Avelgem Green Power CVBA, Avon Pacific Holdings Ltd, B&M NV, BGE Mexico S. de R. L. de C.V., Berghoef GmbH, Berghoef-Hout B.V., Bienes Raices y Materiales del Centro S. de R.L. de C.V., C.F. Marazzi S.A., Canterbury Spinners Ltd, Carpet Foundation Ltd, Cevotrans BV, Céramus Bahia S/A – Produtos Cerâmicos, DT Mex Holdings LLC, DTM/CM Holdings LLC, Dal Italia LLC, Dal-Elit LLC, Dal-Tile Chile Comercial Limitada, Dal-Tile Colombia S.A.S., Dal-Tile Distribution Inc., Dal-Tile Group Inc., Dal-Tile I LLC, Dal-Tile Industrias S. de R.L. de C.V., Dal-Tile International Inc., Dal-Tile Mexico Comercial S. de R.L. de C.V., Dal-Tile Mexico S. de R.L. de C.V., Dal-Tile Operaciones Mexico S. De R.L. De C.V., Dal-Tile Perú SRL, Dal-Tile Puerto Rico Inc., Dal-Tile Services Inc., Dal-Tile Shared Services Inc., Dal-Tile Tennessee LLC, Dal-Tile of Canada ULC, Daltile, Daltile, Dekaply NV, Durkan, Dynea NV, Eliane Argentina Sociedad Anonima, Eliane S/A - Revestimentos Cerâmicos, Emilceramica India Pvt Ltd., Emilceramica S.r.l, Emilgermany GmbH, Emilgroup Asia Ltd, Explorer S.r.l., F.I.L.S. Investments Unlimited Company, Feltex Carpets Ltd, Feltex Carpets Pty Ltd, Feltex New Zealand Ltd, Fibremakers Australia Pty Ltd, Flooring Foundation Ltd, Flooring Industries Limited S.à r.l., Flooring XL B.V., Floorscape Limited, Godfrey Hirst & Co Pty Ltd, Godfrey Hirst (Singapore) Pte Ltd, Godfrey Hirst Australia Pty Ltd, Godfrey Hirst Group, Godfrey Hirst NZ Ltd, Hytherm (Ireland) Limited, IVC BVBA, IVC Far-East Trading (Shanghai) Co. Ltd., IVC France S.à r.l., IVC GROUP LIMITED, IVC Green Power NV, IVC Group, IVC Group GmbH, IVC Luxembourg S.à r.l., IVC Rus OOO, IVC US Inc., International Flooring Systems S.à r.l., International Vinyl Company - Vostok OOO, KAI Group, KAI Keramica Ltd, KAI Mining EOOD, KERAMA CENTER OOO, Kerama Baltics OOO, Kerama Export OOO, Kerama Marazzi OOO, Kerampromservis (LLC), Khan Asparuh - Transport EOOD, Khan Asparuh AD, Khan Omurtag AD, Koninklijke Peitsman B.V., Kraj Kerama OOO, MG China Trading Ltd., MI Finance SRL, MUD (Holding) Brazil Ltda., Management Co EAD, Marazzi Acquisition S.r.l., Marazzi Deutschland G.m.b.H., Marazzi France Trading S.A.S., Marazzi Group, Marazzi Group F.Z.E., Marazzi Group S.r.l., Marazzi Group Trading (Shanghai) Co. Ltd., Marazzi Iberia S.L.U., Marazzi Japan Co. Ltd., Marazzi Middle East FZ LLC, Marazzi Schweiz S.A.G.L., Marazzi UK Ltd., Mohawk Assurance Services Inc., Mohawk Australia Pty Ltd, Mohawk Canada Corporation, Mohawk Capital Finance S.A., Mohawk Capital Luxembourg SA, Mohawk Carpet Distribution Inc., Mohawk Carpet Foundation Inc., Mohawk Carpet LLC, Mohawk Carpet Transportation Of Georgia LLC, Mohawk Commercial Inc., Mohawk ESV Inc., Mohawk Europe BVBA, Mohawk Factoring II Inc., Mohawk Factoring LLC, Mohawk Finance S.à r.l., Mohawk Foreign Acquisitions S.à r.l., Mohawk Foreign Funding S.a.r.l, Mohawk Foreign Holdings S.à r.l., Mohawk Foreign Investments Inc., Mohawk Global Investments S.à r.l., Mohawk Holdings International B.V., Mohawk Industries Inc., Mohawk International (Europe) S.à r.l., Mohawk International (Hong Kong) Limited, Mohawk International Capital N.V., Mohawk International Financing S.a.r.l, Mohawk International Holdings (DE) LLC, Mohawk International Holdings S.à r.l., Mohawk International Luxembourg S.à r.l., Mohawk International Netherlands B.V., Mohawk International Services BVBA, Mohawk KAI Luxembourg Holding S.à r.l., Mohawk KAI Luxembourg S.à r.l., Mohawk Luxembourg Capital S.A., Mohawk Luxembourg Financing S.à r.l., Mohawk Luxembourg Holdings S.à r.l., Mohawk Luxembourg Investments S.à r.l., Mohawk Luxembourg Pacific S.à r.l., Mohawk Marazzi International BV, Mohawk Marazzi Russia BV, Mohawk New Zealand Limited, Mohawk Operaciones Mexicali S. de R.L. de C.V., Mohawk Operations Luxembourg S.à r.l., Mohawk Pacific Investments S.à r.l., Mohawk Resources LLC, Mohawk Servicing LLC, Mohawk Singapore Private Limited, Mohawk Trading (Shanghai) Co. Ltd, Mohawk Unilin Luxembourg S.à r.l., Mohawk United Finance B.V., Mohawk United International B.V., Mohawk Vinyl Financing S.à r.l., Molber Beheer B.V., Monarch Ceramic Tile Inc., P.F. Onroerend Goed B.V., PF Beheer B.V., Pergo, Pergo (Europe) AB, Pergo Holding BV, Pergo India Pvt Ltd, Polcolorit S.A., Premium Floors Australia Pty Limited, RR Apex LLC, Rata International Pty Ltd, Recubrimientos Interceramica S. de R.L. de C.V., Riverside Textiles Pty Ltd, S.C. KAI Ceramics SRL, Sibir Kerama OOO, SimpleSolutions USA LLC, Soft Step (Australia) Pty Ltd, Spano Group, Spano Invest BVBA, Spano NV, Stroyagromekhzapchast ChaO, Stroytrans OAO Orelstroy, Summit Wool Spinners Ltd, The Flooring Federation Ltd, Tiles Co OOD, Unilin (Malaysia) Sdn. Bhd., Unilin ApS, Unilin Arauco Pisos Ltda., Unilin BVBA, Unilin Beheer BV, Unilin Distribution Ltd., Unilin Distribution Ukraine LLC, Unilin Finland OY, Unilin Flooring India Private Limited, Unilin Flooring SAS, Unilin GmbH, Unilin Holding BVBA, Unilin Insulation BV, Unilin Insulation SAS, Unilin Insulation Sury SAS, Unilin Italia S.R.L., Unilin North America LLC, Unilin Norway AS, Unilin OOO, Unilin Panels SAS, Unilin Poland Sp.Z.o.o., Unilin SAS, Unilin Spain SL, Unilin Swiss GmbH, Unilin s.r.o., World International Inc., Xtratherm, Xtratherm Limited, Xtratherm S.A., and Xtratherm UK Limited.
Read More
When was Mohawk Industries founded?

Mohawk Industries was founded in 1878.

How can I contact Mohawk Industries?

Mohawk Industries' mailing address is 160 S. Industrial Blvd., CALHOUN GA, 30701. The official website for the company is www.mohawkind.com. The company can be reached via phone at (706) 629-7721, via email at shaila_bettadapur@mohawkind.com, or via fax at 706-625-3851.

This page (NYSE:MHK) was last updated on 8/16/2022 by MarketBeat.com Staff

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