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Mohawk Industries Inc. (MHK) – Don’t Believe the Hype: Check The Facts

Mohawk Industries Inc. (NYSE: MHK) is -7.51% lower on its value in year-to-date trading and has touched a low of $87.01 and a high of $159.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MHK stock was last observed hovering at around $97.16 in the last trading session, with the day’s loss setting it -2.62% off its average median price target of $123.00 for the next 12 months. It is also 32.47% off the consensus price target high of $140.00 offered by 17 analysts, but current levels are -8.67% lower than the price target low of $87.00 for the same period.

Currently trading at $94.54, the stock is -10.15% and -15.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.55 million and changing -2.70% at the moment leaves the stock -15.09% off its SMA200. MHK registered -27.85% loss for a year compared to 6-month gain of -10.84%.

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The stock witnessed a -21.05% loss in the last 1 month and extending the period to 3 months gives it a -8.40%, and is -6.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.88% over the week and 3.21% over the month.

Mohawk Industries Inc. (MHK) has around 40900 employees, a market worth around $6.15B and $11.74B in sales. Current P/E ratio is 330.56 and Fwd P/E is 8.41. Profit margin for the company is 0.20%. Distance from 52-week low is 8.65% and -40.54% from its 52-week high. The company has generated returns on investments over the last 12 months (0.80%).

Mohawk Industries Inc. (MHK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Mohawk Industries Inc. (MHK) is a “Hold”. 17 analysts offering their recommendations for the stock have an average rating of 3.10, where 12 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Mohawk Industries Inc. is expected to release its quarterly report on 04/27/2023.The EPS is expected to shrink by -97.40% this year

Mohawk Industries Inc. (MHK) Top Institutional Holders

The shares outstanding are 63.53M, and float is at 52.50M with Short Float at 3.62%.

Mohawk Industries Inc. (MHK) Insider Activity

A total of 13 insider transactions have happened at Mohawk Industries Inc. (MHK) in the last six months, with sales accounting for 3 and purchases happening 10 times. The most recent transaction is an insider sale by HELEN SUZANNE L, the company’s Possible Member of Group. SEC filings show that HELEN SUZANNE L sold 4,250 shares of the company’s common stock on Feb 27 at a price of $103.23 per share for a total of $0.44 million. Following the sale, the insider now owns 13453.0 shares.

Mohawk Industries Inc. disclosed in a document filed with the SEC on Feb 21 that Patton Rodney David (VP BUSINESS STRATEGY) sold a total of 1,261 shares of the company’s common stock. The trade occurred on Feb 21 and was made at $107.15 per share for $0.14 million. Following the transaction, the insider now directly holds 12109.0 shares of the MHK stock.

Still, SEC filings show that on Feb 16, HELEN SUZANNE L (Possible Member of Group) disposed off 2,700 shares at an average price of $116.40 for $0.31 million. The insider now directly holds 14,353 shares of Mohawk Industries Inc. (MHK).

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