S&P 500   5,137.08
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QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
Critical asset just had biggest fall on record (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
Critical asset just had biggest fall on record (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
Critical asset just had biggest fall on record (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Stock market today: Another winning week for Wall Street ends with more records
Critical asset just had biggest fall on record (Ad)
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
One year after buying a failed bank, New York Community Bancorp is struggling
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
How major US stock indexes fared Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
NYSE:LEG

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

$20.63
+0.21 (+1.03%)
(As of 03/1/2024 ET)
Today's Range
$20.05
$20.71
50-Day Range
$19.80
$26.61
52-Week Range
$19.60
$34.81
Volume
1.58 million shs
Average Volume
1.51 million shs
Market Capitalization
$2.76 billion
P/E Ratio
N/A
Dividend Yield
8.92%
Price Target
$20.00

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
3.1% Downside
$20.00 Price Target
Short Interest
Healthy
3.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.17mentions of Leggett & Platt in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.11%
From $1.17 to $1.30 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.

2.83 out of 5 stars

Consumer Cyclical Sector

10th out of 15 stocks

Furnishings, Fixtures & Appliances Industry

1st out of 1 stocks


LEG stock logo

About Leggett & Platt Stock (NYSE:LEG)

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box 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; 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 original equipment manufacturers (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 for 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. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

LEG Stock Price History

LEG Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Southern women's basketball team falls to Gorillas
5 Mid-Cap Stocks That Also Pay The Highest Dividends
Bert's January Dividend Income Summary
Goldman Sachs Remains a Hold on Leggett & Platt (LEG)
Q4 2023 Leggett & Platt Inc Earnings Call
Why Leggett & Platt Stock Dropped Today
Why Leggett & Platt Stock Dropped Today
Leggett (LEG) Q4 Earnings Meet Estimates, 2024 View Tepid
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/14/2023
Dividend Payable
1/12/2024
Last Earnings
2/09/2024
Today
3/01/2024
Ex-Dividend for 4/15 Dividend
3/14/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Furnishings, Fixtures & Appliances
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.00
High Stock Price Target
$24.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-3.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$-136,800,000.00
Pretax Margin
-3.67%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$2.77 per share
Book Value
$9.98 per share

Miscellaneous

Free Float
131,226,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
1.23
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Key Executives

  • Mr. J. Mitchell Dolloff (Age 58)
    CEO, President & Director
    Comp: $2.56M
  • 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. 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














LEG Stock Analysis - Frequently Asked Questions

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

3 Wall Street 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 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 brokerages have issued twelve-month price targets for Leggett & Platt's stock. Their LEG share price targets range from $18.00 to $24.00. On average, they predict the company's share price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
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 21.2% and is now trading at $20.63.
View the best growth stocks for 2024 here
.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 4,500,000 shares, an increase of 32.4% from the January 31st total of 3,400,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is presently 3.1 days. Currently, 3.4% of the company's stock are sold short.
View Leggett & Platt's Short Interest
.

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 quarterly earnings data on Friday, February, 9th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Leggett & Platt had a positive trailing twelve-month return on equity of 11.99% and a negative net margin of 2.90%. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share.
Read the conference call transcript
.

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

Leggett & Platt declared a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be paid a dividend of $0.46 per share on Monday, April 15th. This represents a $1.84 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend is Thursday, March 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 8.94%. 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 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 Vanguard Group Inc. (9.75%), Charles Schwab Investment Management Inc. (2.56%), Dimensional Fund Advisors LP (1.78%), Pacer Advisors Inc. (1.45%), Norges Bank (0.77%) and Northern Trust Corp (0.72%). 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 3/2/2024 by MarketBeat.com Staff