MHK, US6081901042

RBC cuts Mohawk Industries stock target to USD 112.00

Published on 10/08/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 6.80 percent to USD 2.99 billion. Mohawk Industries stock costs EUR 104.03 on October 8, 2026, versus EUR 106.45.

MHK, US6081901042, Illustration mit AI erstellt.

Mohawk Industries (ISIN US6081901042) was trading at EUR 104.03 at Lang & Schwarz on October 8, 2026 at 3:44 p.m. CEST, down 2.27 percent versus the prior close of EUR 106.45. According to Markets Insider on October 7, 2026, RBC Capital downgraded the stock from Sector Perform to Underperform and cut its price target from USD 130.00 to USD 112.00.

Three events shape the timeline

On July 31, 2026, Mohawk reported second-quarter revenue of USD 2.99 billion, up 6.80 percent year over year, and adjusted earnings per share of USD 3.67, according to Yahoo Finance. The same call set out a cost-reduction program expected to deliver USD 60.00 million in annual savings once completed, also according to Yahoo Finance. On October 7, 2026, RBC's downgrade became the latest dated event.

What does the downgrade mean for margins?

RBC's concern centers on weak flooring demand, housing pressure and rising costs. The bank expects fourth-quarter earnings per share of USD 1.42, below the USD 1.69 consensus cited by Markets Insider. That comparison makes margin protection the central issue after Mohawk's second-quarter adjusted earnings benefited from pricing, product mix, productivity and tariff refunds.

Upcoming dates carry the next test

Mohawk's third-quarter earnings release is scheduled for October 29, 2026, and its earnings conference call follows on October 30, 2026 at 11:00 a.m. ET, according to the company's Mohawk Industries release dated October 1, 2026. Management's baseline third-quarter adjusted earnings-per-share outlook was USD 2.38 to USD 2.48, excluding tariff refunds and restructuring charges, according to Yahoo Finance.

Price reflects the sharper risk view

On the NYSE, Mohawk was trading at USD 117.47 on October 8, 2026 at 9:59 a.m. EDT, while its 52-week range was USD 92.99 to USD 140.30. Its market capitalization was USD 7.2 billion as of October 8, 2026. The lower Lang & Schwarz price in euros and RBC's USD 112.00 target use different venues and currencies, so they are not combined into one percentage comparison. The further course of trading is shown by the continuously updated real-time quote of Mohawk Industries stock.