Mohawk Industries

MHK · NYSE

$118.95+$3.17 (+2.74%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $115.78

MHK analyst rating

HoldConsensus of 12 analysts over the last 12 months. 33% rate it a buy.

Strong buy1
Buy3
Hold7
Underperform1
Sell0

12-month price target · 17 analysts

Average $138.50 (+16.4% upside)

Low: $116.15
Now: $118.95
High: $162.75

Upgrades and downgrades

The latest rating actions, newest first

MHK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 7, 2026	Downgrade	Sector Perform → Underperform	$130.00 → $112.00	59%
Melius Research	Oct 6, 2026	Initiates	Buy	$188.00	—
Evercore ISI Group	Sep 25, 2026	Maintains	In-Line	$132.00 → $129.00	49%
Truist Securities	Aug 4, 2026	Maintains	Buy	$135.00 → $155.00	53%
RBC Capital	Aug 3, 2026	Maintains	Sector Perform	$117.00 → $130.00	59%
Evercore ISI Group	Aug 3, 2026	Maintains	In-Line	$110.00 → $132.00	49%
Wells Fargo	Aug 3, 2026	Maintains	Equal-Weight	$115.00 → $125.00	47%
Barclays	Aug 3, 2026	Maintains	Equal-Weight	$109.00 → $115.00	52%
Baird	Aug 3, 2026	Maintains	Neutral	$112.00 → $132.00	50%
Barclays	Jul 14, 2026	Maintains	Equal-Weight	$96.00 → $109.00	52%

The case for and against

Updated Oct 16, 2026

Bull case

Mohawk Industries is viewed positively because 1Q26 results came in ahead of expectations, with adjusted EPS of $1.90 versus $1.81 Street consensus and revenue of $2,729 million, while adjusted EBIT margin held at 5.5%. Its outlook is supported by resilient demand drivers, including better pricing, a quicker ramp of LVT capacity, and stronger U.S. and Europe end-market demand, alongside improving mix and productivity gains in Global Ceramic and Flooring North America. The company also has strong financial flexibility, having generated robust free cash flow since 2021 with leverage near 1x, which leaves room for more buybacks, M&A, and earnings recovery as housing fundamentals improve.

Bear case

Mohawk Industries is facing a weaker fundamental backdrop driven by decelerating revenue growth, margin compression, and limited earnings power as housing demand softens and repair-and-remodel spending stays stagnant. Its Global Ceramic and LVT exposure adds pressure from rising competition, trade-down to lower-priced products, persistent overcapacity in carpet and ceramic, and LVT cannibalization, while broad cost inflation in oil, diesel, and natural gas is likely to keep price/cost unfavorable. Near-term guidance for 2Q26 also points to softness, with adjusted EPS of $2.50-$2.60 versus the Street at $2.72, reflecting negative price mix and elevated input costs amid weaker US and global construction trends.

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