Should I buy or sell Leggett & Platt stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" LEG shares. View LEG analyst ratings or view top-rated stocks .

What is Leggett & Platt's stock price target for 2024?

3 Wall Street research analysts have issued 1 year price objectives for Leggett & Platt's shares. Their LEG share price targets range from $18.00 to $24.00. On average, they predict the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price. View analysts price targets for LEG or view top-rated stocks among Wall Street analysts .

How have LEG shares performed in 2024?

Leggett & Platt's stock was trading at $26.17 at the beginning of 2024. Since then, LEG shares have decreased by 21.8% and is now trading at $20.46. View the best growth stocks for 2024 here .

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our LEG earnings forecast .

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) released its earnings results on Friday, February, 9th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Leggett & Platt had a positive trailing twelve-month return on equity of 11.41% and a negative net margin of 2.90%. Leggett & Platt's revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS.

How often does Leggett & Platt pay dividends? What is the dividend yield for Leggett & Platt?

Leggett & Platt announced a quarterly dividend on Tuesday, November 7th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.46 per share on Friday, January 12th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Thursday, December 14th. Read our dividend analysis for LEG .

Is Leggett & Platt a good dividend stock?

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 8.99%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for LEG .

What ETFs hold Leggett & Platt's stock?

ETFs with the largest weight of Leggett & Platt (NYSE:LEG) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) , iMGP Berkshire Dividend Growth ETF (BDVG) , Invesco High Yield Equity Dividend Achievers ETF (PEY) , Victoryshares Dividend Accelerator ETF (VSDA) , WBI Power Factor High Dividend ETF (WBIY) , Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) , Altrius Global Dividend ETF (DIVD) and iShares U.S. Home Construction ETF (ITB) .

What guidance has Leggett & Platt issued on next quarter's earnings?

Leggett & Platt updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 1.050-1.350 for the period, compared to the consensus EPS estimate of 1.360. The company issued revenue guidance of $4.4 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com . Karl G. Glassman has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Leggett & Platt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Leggett & Platt investors own include AT&T (T) , Exxon Mobil (XOM) , Johnson & Johnson (JNJ) , AbbVie (ABBV) , Chevron (CVX) , McDonald's (MCD) , 3M (MMM) , PepsiCo (PEP) , Pfizer (PFE) and Walmart (WMT) .

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.56%), Dimensional Fund Advisors LP (1.78%), Pacer Advisors Inc. (1.45%), Norges Bank (0.77%), US Bancorp DE (0.52%) and Wells Fargo & Company MN (0.50%). Insiders that own company stock include Joseph W Mcclanathan , Judy C Odom , Karl G Glassman , Kimberly Rutledge, Phoebe A Wood , Robert E Brunner and Susan R Mccoy . View institutional ownership trends .

How do I buy shares of Leggett & Platt?

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:LEG

Leggett & Platt (LEG) Stock Price, News & Analysis

$20.46

-2.82 (-12.11%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $20.39
▼
$22.30
50-Day Range: $20.46
▼
$27.05
52-Week Range: $20.39
▼
$35.10

Volume: 5.27 million shs
Average Volume: 1.51 million shs
Market Capitalization: $2.73 billion

P/E Ratio: N/A
Dividend Yield: 8.99%
Price Target: $22.00

Get Leggett & Platt alerts:

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 7.5% Upside
$22.00 Price Target
Short Interest: Healthy
2.53% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -3.04
Upright™ Environmental Score
News Sentiment: 0.07
Based on 30 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 27.78%
From $1.26 to $1.61 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.26 out of 5 stars

Consumer Discretionary Sector

122nd out of 270 stocks

Household Furniture Industry

3rd out of 9 stocks

0.8

Analyst's Opinion

Consensus Rating
Leggett & Platt has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Leggett & Platt has a forecasted upside of 7.5% from its current price of $20.46.
Amount of Analyst Coverage
Leggett & Platt has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.53% of the float of Leggett & Platt has been sold short.
Short Interest Ratio / Days to Cover
Leggett & Platt has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Leggett & Platt has recently increased by 1.53%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Leggett & Platt is a leading dividend payer. It pays a dividend yield of 8.99%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Leggett & Platt has been increasing its dividend for 53 years.
Dividend Sustainability
Based on EPS estimates, Leggett & Platt will have a dividend payout ratio of 114.29% in the coming year. This indicates that Leggett & Platt may not be able to sustain their current dividend.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Leggett & Platt has received a -12.55% net impact score from Upright. The largest negative impact of Leggett & Platt in category "GHG emissions" seems to be driven mostly by its "Packaging coatings", "Car seats", "Nickel tubes", "Aluminium wire", "Stainless steel wire", and "Geosynthetics" products. See details.
Environmental Sustainability
The Environmental Impact score for Leggett & Platt is -3.04.

2.8

News and Social Media Coverage

News Sentiment
Leggett & Platt has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 30 news articles for Leggett & Platt this week, compared to 4 articles on an average week.
Search Interest
68 people have searched for LEG on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.
MarketBeat Follows
22 people have added Leggett & Platt to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Leggett & Platt insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.57% of the stock of Leggett & Platt is held by insiders.
Percentage Held by Institutions
60.26% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Leggett & Platt are expected to grow by 27.78% in the coming year, from $1.26 to $1.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Leggett & Platt is -20.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Leggett & Platt is -20.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Leggett & Platt has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Leggett & Platt Stock (NYSE:LEG)

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, private label finished mattresses, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs; control devices for chairs; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.

LEG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LEG Stock News Headlines

February 11, 2024 | marketbeat.com

7 King-Sized Yields (up to 12.4%) That Wall Street Can’t Stand

February 12, 2024 | americanbankingnews.com

Leggett & Platt (NYSE:LEG) Releases Quarterly Earnings Results

February 12, 2024 | Edge On The Street (Ad)

An Unusual Way to Invest in Gold

Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.

February 11, 2024 | seekingalpha.com

Bert's January Dividend Income Summary

February 10, 2024 | finance.yahoo.com

Leggett & Platt, Incorporated (NYSE:LEG) Q4 2023 Earnings Call Transcript

February 10, 2024 | americanbankingnews.com

Leggett & Platt (NYSE:LEG) Reaches New 12-Month Low on Disappointing Earnings

February 10, 2024 | markets.businessinsider.com

Goldman Sachs Remains a Hold on Leggett & Platt (LEG)

February 10, 2024 | finance.yahoo.com

Q4 2023 Leggett & Platt Inc Earnings Call

February 12, 2024 | The Freeport Society (Ad)

Obama’s 2024 Confession

Barack Obama’s confession about the 2024 election just leaked online… In short, he’s worried Biden “could very well lose.” But before you think that means Trump will win… You should see the evidence I’ve found about an election shock that could come as soon as August 19th.

February 9, 2024 | marketwatch.com

Leggett & Platt Shares Fall 12% as 4Q Sales Weighed Down by Weak Demand

February 9, 2024 | fool.com

Why Leggett & Platt Stock Dropped Today

February 9, 2024 | msn.com

Leggett & Platt Provides Essential Financial Health Update

February 9, 2024 | finance.yahoo.com

Leggett (LEG) Q4 Earnings Meet Estimates, 2024 View Tepid

February 9, 2024 | seekingalpha.com

Leggett & Platt: Is The Dividend Still Secure Amid Poor Cash Flow Guidance?

February 9, 2024 | seekingalpha.com

Leggett & Platt, Incorporated 2023 Q4 - Results - Earnings Call Presentation

February 9, 2024 | finanznachrichten.de

Leggett & Platt Incorporated: Leggett & Platt Reports Fourth Quarter And Full Year Results

February 8, 2024 | benzinga.com

Leggett & Platt: Q4 Earnings Insights

February 8, 2024 | markets.businessinsider.com

Leggett & Platt Inc. Q4 Earnings Summary

February 8, 2024 | finance.yahoo.com

Leggett & Platt (NYSE:LEG) Q4: Beats On Revenue But Stock Drops

February 8, 2024 | finance.yahoo.com

Leggett & Platt Inc (LEG) Faces Market Headwinds: A Dive into Q4 and Full Year 2023 Financials

February 7, 2024 | msn.com

Leggett & Platt Q4 2023 Earnings Preview

February 7, 2024 | finance.yahoo.com

Leggett (LEG) to Report Q4 Earnings: Here's What to Expect

February 6, 2024 | sports.yahoo.com

Lion women's win streak at 14 after defeat of UCO

February 6, 2024 | americanbankingnews.com

Leggett & Platt (LEG) Scheduled to Post Quarterly Earnings on Thursday

February 5, 2024 | finance.yahoo.com

Are Investors Undervaluing Leggett & Platt (LEG) Right Now?

January 31, 2024 | seekingalpha.com

Is The Leggett & Platt Stock A Good Buy Ahead Of Its Q4 Results?

January 25, 2024 | finance.yahoo.com

Leggett & Platt Announces 4Q and Full Year 2023 Earnings Call

See More Headlines

Receive LEG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Leggett & Platt and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/12 Dividend: 12/14/2023
Dividend Payable: 1/12/2024
Last Earnings: 2/09/2024
Today: 2/12/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Household furniture
Sub-Industry: Home Furnishings
Current Symbol: NYSE:LEG
CUSIP: 52466010
CIK: 58492
Web: www.leggett.com
Phone: (417) 358-8131
Fax: 417-358-8449
Employees: 19,900
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.00
High Stock Price Target: $24.00
Low Stock Price Target: $18.00
Potential Upside/Downside: +7.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.00)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 16.24
P/E Growth: N/A
Net Income: $-136,800,000.00
Net Margins: -2.90%
Pretax Margin: -3.67%
Return on Equity: 11.99%
Return on Assets: 3.76%

Debt

Debt-to-Equity Ratio: 1.26
Current Ratio: 1.49
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $4.73 billion
Price / Sales: 0.58
Cash Flow: $2.77 per share
Price / Cash Flow: 7.39
Book Value: $10.01 per share
Price / Book: 2.04

Miscellaneous

Outstanding Shares: 133,320,000
Free Float: 131,159,000
Market Cap: $2.73 billion
Optionable: Optionable
Beta: 1.23

7 Stocks to Own Before the 2024 Election

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

Key Executives

Mr. J. Mitchell Dolloff (Age 58)
CEO, President & Director
Comp: $2.56M
Mr. Steven K. Henderson (Age 62)
Executive VP and President of Specialized Products & Furniture, Flooring & Textile Products
Comp: $1.11M
Mr. J. Tyson Hagale (Age 46)
Executive VP & President of Bedding Products
Comp: $903.76k
Mr. Benjamin M. Burns (Age 46)
Executive VP & CFO
Ms. Tammy M. Trent (Age 58)
Senior VP & Chief Accounting Officer
Mr. Michael W. Blinzler
VP & Chief Information Officer
Ms. Jennifer Joy Davis
Executive Vice President of General Counsel
Ms. Christina A. Ptasinski (Age 64)
Executive Vice President & Chief HR Officer
Mr. Charles P. Hutchins
VP & Chief Tax Officer
Mr. Darrel E. Wild
VP & Chief Credit Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" LEG shares.
View LEG analyst ratings or view top-rated stocks.
What is Leggett & Platt's stock price target for 2024?: 3 Wall Street research analysts have issued 1 year price objectives for Leggett & Platt's shares. Their LEG share price targets range from $18.00 to $24.00. On average, they predict the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
View analysts price targets for LEG or view top-rated stocks among Wall Street analysts.
How have LEG shares performed in 2024?: Leggett & Platt's stock was trading at $26.17 at the beginning of 2024. Since then, LEG shares have decreased by 21.8% and is now trading at $20.46.
View the best growth stocks for 2024 here.
When is Leggett & Platt's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our LEG earnings forecast.
How were Leggett & Platt's earnings last quarter?: Leggett & Platt, Incorporated (NYSE:LEG) released its earnings results on Friday, February, 9th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Leggett & Platt had a positive trailing twelve-month return on equity of 11.41% and a negative net margin of 2.90%. Leggett & Platt's revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS.
How often does Leggett & Platt pay dividends? What is the dividend yield for Leggett & Platt?: Leggett & Platt announced a quarterly dividend on Tuesday, November 7th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.46 per share on Friday, January 12th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for LEG.
Is Leggett & Platt a good dividend stock?: Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 8.99%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LEG.

What ETFs hold Leggett & Platt's stock?: ETFs with the largest weight of Leggett & Platt (NYSE:LEG) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), iMGP Berkshire Dividend Growth ETF (BDVG), Invesco High Yield Equity Dividend Achievers ETF (PEY), Victoryshares Dividend Accelerator ETF (VSDA), WBI Power Factor High Dividend ETF (WBIY), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Altrius Global Dividend ETF (DIVD) and iShares U.S. Home Construction ETF (ITB).
What guidance has Leggett & Platt issued on next quarter's earnings?: Leggett & Platt updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 1.050-1.350 for the period, compared to the consensus EPS estimate of 1.360. The company issued revenue guidance of $4.4 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.
What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?: 59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com. Karl G. Glassman has an approval rating of 82% among the company's employees.
What other stocks do shareholders of Leggett & Platt own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Leggett & Platt investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), McDonald's (MCD), 3M (MMM), PepsiCo (PEP), Pfizer (PFE) and Walmart (WMT).
Who are Leggett & Platt's major shareholders?: Leggett & Platt's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.56%), Dimensional Fund Advisors LP (1.78%), Pacer Advisors Inc. (1.45%), Norges Bank (0.77%), US Bancorp DE (0.52%) and Wells Fargo & Company MN (0.50%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner and Susan R Mccoy.
View institutional ownership trends.
How do I buy shares of Leggett & Platt?: Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LEG) was last updated on 2/12/2024 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial