Mohawk (MHK) Receives a Hold from Bank of America Securities

Bank of America Securities analyst Rafe Jadrosich maintained a Hold rating on Mohawk yesterday and set a price target of $110.00. The company’s shares closed yesterday at $104.88.

Claim 55% Off TipRanks

• Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
• Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

According to TipRanks, Jadrosich is a 4-star analyst with an average return of 8.4% and a 54.50% success rate. Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, Mohawk, and Lennar.

Mohawk has an analyst consensus of Moderate Buy, with a price target consensus of $117.40.

Based on Mohawk’s latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $2.73 billion and a net profit of $117.1 million. In comparison, last year the company earned a revenue of $2.53 billion and had a net profit of $72.6 million

Based on the recent corporate insider activity of 53 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. Last month, Jeffrey Lorberbaum, the CEO of MHK sold 5,000.00 shares for a total of $527,650.00.