Mohawk Industries Stock Price, News & Analysis (NYSE:MHK)

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

Mohawk Industries announced that its Board of Directors has initiated a stock buyback program on Thursday, October 25th 2018, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Mohawk Industries, Inc. (NYSE:MHK) announced its quarterly earnings data on Thursday, July, 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.02. The firm earned $2.58 billion during the quarter, compared to analysts' expectations of $2.65 billion. Mohawk Industries had a net margin of 7.79% and a return on equity of 10.50%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $3.51 EPS. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Mohawk Industries.

Mohawk Industries issued an update on its third quarter earnings guidance on Thursday, July, 25th. The company provided earnings per share (EPS) guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.05.

19 analysts have issued twelve-month price targets for Mohawk Industries' stock. Their predictions range from $115.00 to $210.00. On average, they expect Mohawk Industries' stock price to reach $142.0613 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Mohawk Industries.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 3 sell ratings, 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mohawk Industries.

News coverage about MHK stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mohawk Industries earned a news impact score of -1.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Mohawk Industries.

Mohawk Industries saw a drop in short interest in August. As of August 31st, there was short interest totalling 4,345,900 shares, a drop of 14.8% from the July 31st total of 5,101,800 shares. Based on an average daily trading volume, of 787,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 7.4% of the company's shares are sold short. View Mohawk Industries' Current Options Chain.

Some companies that are related to Mohawk Industries include VF (VFC), Carnival (CUK), Electronic Arts (EA), Electronic Arts (EA), Sirius XM (SIRI), Hilton Hotels (HLT), Luxottica Group (LUXTY), Rogers Communications (RCI), Carnival (CCL), Lululemon Athletica (LULU), Royal Caribbean Cruises (RCL), ANTA Sports Products (ANPDF), Liberty Global (LBTYB), TAL Education Group (TAL) and Toshiba (TOSYY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include Alibaba Group (BABA), Home Depot (HD), Broadcom (AVGO), Micron Technology (MU), NVIDIA (NVDA), Citigroup (C), Netflix (NFLX), Celgene (CELG), CVS Health (CVS) and Visa (V).

Mohawk Industries' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.91%), BlackRock Inc. (5.95%), BlackRock Inc. (5.95%), JPMorgan Chase & Co. (2.87%), Pzena Investment Management LLC (2.73%) and Wells Fargo & Company MN (2.03%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Bruce Bruckmann, Chistopher Wellborn, Cock Paul F De, Filip Balcaen, Frank H Boykin, Jeffrey S Lorberbaum, John C Turner Jr, Rodney David Patton, Suzanne L Helen and William Henry Runge III. View Institutional Ownership Trends for Mohawk Industries.

MHK stock was sold by a variety of institutional investors in the last quarter, including Impala Asset Management LLC, Quest Capital Management Inc. ADV, Aviva PLC, Prudential Financial Inc., UBS Group AG, Morgan Stanley, Giverny Capital Inc. and Global Thematic Partners LLC. Company insiders that have sold Mohawk Industries company stock in the last year include Bernard Thiers, Cock Paul F De, Jeffrey S Lorberbaum, Rodney David Patton and Suzanne L Helen. View Insider Buying and Selling for Mohawk Industries.

MHK stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Pzena Investment Management LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Balyasny Asset Management LLC, Strs Ohio, Wafra Inc. and Anchor Capital Advisors LLC. Company insiders that have bought Mohawk Industries stock in the last two years include Brian Carson, Bruce Bruckmann, Filip Balcaen and William Henry Runge III. View Insider Buying and Selling for Mohawk Industries.

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

One share of MHK stock can currently be purchased for approximately $121.70.

Mohawk Industries has a market capitalization of $8.78 billion and generates $9.98 billion in revenue each year. The company earns $861.70 million in net income (profit) each year or $12.33 on an earnings per share basis. Mohawk Industries employs 42,100 workers across the globe.View Additional Information About Mohawk Industries.

The official website for Mohawk Industries is http://www.mohawkind.com/.

Mohawk Industries' mailing address is 160 S. Industrial Blvd., CALHOUN GA, 30701. The company can be reached via phone at 706-629-7721.