Mohawk (MHK) Gets a Hold from Wells Fargo

In a report released on January 16, Sam Reid from Wells Fargo maintained a Hold rating on Mohawk, with a price target of $110.00. The company’s shares closed last Friday at $122.84.

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According to TipRanks, Reid is a 4-star analyst with an average return of 7.8% and a 62.16% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Mohawk, and Toll Brothers.

In addition to Wells Fargo, Mohawk also received a Hold from TipRanks – OpenAI’s OpenAI Furnishings Fixtures and Appliances in a report issued today. However, on January 15, TipRanks – Google upgraded Mohawk (NYSE: MHK) to a Buy.

Based on Mohawk’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $2.76 billion and a net profit of $108.9 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $162 million

Based on the recent corporate insider activity of 64 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, Suzanne Helen, an Insider at MHK sold 2,150.00 shares for a total of $239,255.50.