Mohawk (MHK) Gets a Buy from Goldman Sachs

Goldman Sachs analyst Susan Maklari maintained a Buy rating on Mohawk yesterday and set a price target of $135.00. The company’s shares closed yesterday at $109.35.

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Maklari covers the Consumer Cyclical sector, focusing on stocks such as Whirlpool, Lennar, and KB Home. According to TipRanks, Maklari has an average return of 0.9% and a 49.86% success rate on recommended stocks.

In addition to Goldman Sachs, Mohawk also received a Buy from Truist Financial’s Keith Hughes in a report issued today. However, on the same day, Wells Fargo maintained a Hold rating on Mohawk (NYSE: MHK).

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 55 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. Earlier this month, Suzanne Helen, an Insider at MHK sold 6,575.00 shares for a total of $697,152.20.