Calhoun, Georgia-based Mohawk Industries, Inc. (MHK) designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling and new construction channels globally. With a market cap of $6.3 billion, the company operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. 

Shares of MHK have lagged behind the broader market over the past 52 weeks. MHK has crumbled 12.7% over this period, while the broader S&P 500 Index ($SPX) has gained 10.2%. Moreover, shares of MHK are down 15.1% on a YTD basis, compared to SPX’s 1.3% dip.

Zooming in further, Mohawk has also underperformed the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 21.2% surge over the past 52 weeks and 6.1% decline on a YTD basis.

Shares of Mohawk fell 1.7% following the release of its mixed Q1 2025 results on May 1. Quarterly revenue fell 5.7% year-over-year to $2.5 billion, reflecting declines across all segments and missing the consensus estimate of $2.6 billion. Adjusted gross profit declined 7.1% from the prior-year quarter to $608.5 million, with adjusted gross profit margin at 24.1%. Its adjusted EPS came in at $1.52, down 18.3% from the prior-year quarter, but exceeded analysts’ expectations by 7.8%. 

For the fiscal year ending in December 2025, analysts expect MHK’s adjusted EPS to drop 4.4% year-over-year to $9.27. However, the company's earnings surprise history is strong. It beat the consensus estimates in the past four quarters. 

Among the 15 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on eight “Strong Buy” ratings and seven “Holds.”

On May 6, JP Morgan analyst Michael Rehaut lowered MHK's price target to $139 while maintaining an “Overweight” rating on the stock. 

As of writing, Mohawk is trading below the mean price target of $127.07. The Street-high price target of $155 implies a potential upside of 53.3% from current price levels.