Mohawk Industries, Inc. (NYSE:MHK) price target lowered to $268.00 by Jefferies Financial Group

ME Staff
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Analyst Ratings For Mohawk Industries, Inc. (NYSE:MHK)

Today, Jefferies Financial Group lowered its price target on Mohawk Industries, Inc. (NYSE:MHK) to $268.00 per share.

There are 15 Buy Ratings, 3 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Mohawk Industries, Inc. (NYSE:MHK) is Buy with a consensus target price of $255.3571 per share, a potential 36.87% upside.

Some recent analyst ratings include

  • 7/27/2018-Gabelli Reiterated Rating of Buy.
  • 7/27/2018-Robert W. Baird Reiterated Rating of Buy.

Recent Insider Trading Activity For Mohawk Industries, Inc. (NYSE:MHK)
Mohawk Industries, Inc. (NYSE:MHK) has insider ownership of 16.80% and institutional ownership of 77.29%.

  • On 7/27/2018 Filip Balcaen, Director, bought 50,000 with an average share price of $183.02 per share and the total transaction amounting to $9,151,000.00.
  • On 6/15/2018 Bernard Thiers, Insider, sold 10,000 with an average share price of $212.60 per share and the total transaction amounting to $2,126,000.00.
  • On 5/14/2018 Filip Balcaen, Director, bought 25,912 with an average share price of $209.89 per share and the total transaction amounting to $5,438,669.68.
  • On 5/9/2018 Filip Balcaen, Director, bought 10,046 with an average share price of $209.82 per share and the total transaction amounting to $2,107,851.72.
  • On 5/1/2018 Filip Balcaen, Director, bought 66,199 with an average share price of $209.08 per share and the total transaction amounting to $13,840,886.92.
  • On 3/14/2018 Frank H Boykin, CFO, sold 1,388 with an average share price of $248.26 per share and the total transaction amounting to $344,584.88.
  • On 3/12/2018 Frank H Boykin, CFO, sold 1,032 with an average share price of $247.58 per share and the total transaction amounting to $255,502.56.

About Mohawk Industries, Inc. (NYSE:MHK)
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, rugs, carpet padS, hardwood, laminate, luxury vinyl tiles, and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin, Columbia Flooring, Durkan, Horizon, IVC, Karastan, Mohawk, Pergo, Portico, Quick-Step, and SmartStrand brands. The Flooring ROW segment provides laminate, hardwood flooring, and vinyl flooring, as well as roofing elements, insulation boards, medium-density fiberboards, and chipboards products under the Balterio, IVC, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses patents related to flooring manufacturers. The company sells its products through independent distributors, home centers, company-operated service centers and stores, floor covering retailers, ceramic specialists, commercial contractors, commercial end users, mass merchandisers, department stores, shop at home, buying groups, retailers, and wholesalers, as well as private labeling programs. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia.

Recent Trading Activity for Mohawk Industries, Inc. (NYSE:MHK)
Shares of Mohawk Industries, Inc. closed the previous trading session at 187.05 up +2.35 1.27% with 434169 shares trading hands.