NYSE:LEG Leggett & Platt (LEG) Stock Forecast, Price & News $32.71 +0.97 (+3.06%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$31.79▼$32.8650-Day Range$30.26▼$32.9752-Week Range$30.05▼$41.94Volume736,894 shsAverage Volume843,528 shsMarket Capitalization$4.35 billionP/E Ratio16.36Dividend Yield5.38%Price Target$30.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Leggett & Platt MarketRank™ ForecastAnalyst RatingHold1.50 Rating ScoreUpside/Downside8.3% Downside$30.00 Price TargetShort InterestHealthy4.40% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.04Upright™ Environmental ScoreNews Sentiment0.55Based on 7 Articles This WeekInsider TradingSelling Shares$195,660 Sold Last QuarterProj. Earnings Growth6.83%From $1.61 to $1.72 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.79 out of 5 starsConsumer Discretionary Sector212th out of 262 stocksHousehold Furniture Industry8th out of 8 stocks 0.8 Analyst's Opinion Consensus RatingLeggett & Platt has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $30.00, Leggett & Platt has a forecasted downside of 8.3% from its current price of $32.71.Amount of Analyst CoverageLeggett & Platt has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.40% of the float of Leggett & Platt has been sold short.Short Interest Ratio / Days to CoverLeggett & Platt has a short interest ratio ("days to cover") of 7.1.Change versus previous monthShort interest in Leggett & Platt has recently decreased by 4.15%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipLeggett & Platt is a leading dividend payer. It pays a dividend yield of 5.68%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLeggett & Platt has been increasing its dividend for 52 years.Dividend CoverageThe dividend payout ratio of Leggett & Platt is 88.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Leggett & Platt will have a dividend payout ratio of 102.33% in the coming year. This indicates that Leggett & Platt may not be able to sustain their current dividend. Previous Next 1.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLeggett & 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 SustainabilityThe Environmental Impact score for Leggett & Platt is -3.04. Previous Next 2.5 News and Social Media Coverage News SentimentLeggett & Platt has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Leggett & Platt this week, compared to 5 articles on an average week.Search Interest29 people have searched for LEG on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Leggett & Platt to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Leggett & Platt insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $195,660.00 in company stock.Percentage Held by InsidersOnly 1.62% of the stock of Leggett & Platt is held by insiders.Percentage Held by Institutions69.42% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Leggett & Platt are expected to grow by 6.83% in the coming year, from $1.61 to $1.72 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Leggett & Platt is 16.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Leggett & Platt is 16.36, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.66.Price to Book Value per Share RatioLeggett & Platt has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Leggett & Platt (NYSE:LEG) StockLeggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring, Furniture & Textile, and Specialized Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring, Furniture & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.Read More 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. Email Address LEG Stock News HeadlinesJune 5, 2023 | finance.yahoo.comWith 70% ownership of the shares, Leggett & Platt, Incorporated (NYSE:LEG) is heavily dominated by institutional ownersJune 3, 2023 | msn.comDividend Income Summary: Lanny's May 2023 SummaryJune 7, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>June 3, 2023 | seekingalpha.comLeggett & Platt: More Than Meets The EyeJune 2, 2023 | finance.yahoo.comHere's Why I Bought This Struggling StockMay 31, 2023 | msn.comWhy Is Legget & Platt (LEG) Down 2.9% Since Last Earnings Report?May 26, 2023 | finance.yahoo.comHere's Why Leggett (LEG) is Performing Better Than Its IndustryMay 26, 2023 | americanbankingnews.comPhoebe A. Wood Sells 6,000 Shares of Leggett & Platt, Incorporated (NYSE:LEG) StockJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 20, 2023 | finance.yahoo.comBetter Buy: 3M vs. Leggett & PlattMay 19, 2023 | americanbankingnews.comZacks Research Analysts Reduce Earnings Estimates for Leggett & Platt, Incorporated (NYSE:LEG)May 15, 2023 | marketwatch.comAerospace Tube Assemblies Market 2023 Size, Status and Global Outlook - PFW Aerospace, Leggett and Platt, Parker Hannifin, Eaton CorporationMay 8, 2023 | finance.yahoo.comLeggett & Platt's (NYSE:LEG) Dividend Will Be Increased To $0.46May 5, 2023 | msn.comLeggett & Platt (LEG) Declares $0.46 DividendMay 5, 2023 | marketwatch.comLeggett & Platt Inc. stock rises Friday, still underperforms marketMay 4, 2023 | finance.yahoo.comLEGGETT & PLATT ANNOUNCES 4.5% DIVIDEND INCREASEMay 4, 2023 | finance.yahoo.comLEGGETT & PLATT ANNOUNCES ANNUAL MEETING RESULTS AND CHANGES TO BOARD OF DIRECTORSMay 4, 2023 | americanbankingnews.comLeggett & Platt (NYSE:LEG) Shares Gap Up After Strong EarningsMay 3, 2023 | marketwatch.comLeggett & Platt Inc. stock falls Wednesday, still outperforms marketMay 3, 2023 | finance.yahoo.comQ1 2023 Leggett & Platt Inc Earnings CallMay 2, 2023 | msn.comLeggett (LEG) Q1 Earnings & Sales Beat, Margins Down Y/YMay 2, 2023 | msn.comLeggett & Platt Q1 Earnings: Don't Worry, Just A Little NervousMay 2, 2023 | marketwatch.comLeggett & Platt Inc. stock underperforms Monday when compared to competitorsMay 2, 2023 | seekingalpha.comLeggett & Platt, Incorporated 2023 Q1 - Results - Earnings Call PresentationMay 1, 2023 | msn.comLeggett & Platt Non-GAAP EPS of $0.39 beats by $0.13, revenue of $1.21B beats by $20MMay 1, 2023 | markets.businessinsider.comLeggett & Platt Inc. Reports Retreat In Q1 Profit, but beats estimatesMay 1, 2023 | msn.comLeggett & Platt stock up as much as 5% as company’s Q1 profit tops viewsSee More Headlines LEG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LEG Company Calendar Ex-Dividend for 4/14 Dividend3/14/2023Dividend Payable4/14/2023Last Earnings5/01/2023Today6/07/2023Ex-Dividend for 7/14 Dividend6/14/2023Dividend Payable7/14/2023Next Earnings (Estimated)8/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Household furniture Sub-IndustryHome Furnishings SectorConsumer Discretionary Current SymbolNYSE:LEG CUSIP52466010 CIK58492 Webwww.leggett.com Phone(417) 358-8131Fax417-358-8449Employees19,900Year FoundedN/APrice Target and Rating Average Stock Price Forecast$30.00 High Stock Price Forecast$35.00 Low Stock Price Forecast$21.00 Forecasted Upside/Downside-8.3%Consensus RatingHold Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.00 Trailing P/E Ratio16.36 Forward P/E Ratio20.32 P/E GrowthN/ANet Income$309.80 million Net Margins5.42% Pretax Margin7.02% Return on Equity16.83% Return on Assets5.23% Debt Debt-to-Equity Ratio1.27 Current Ratio2.08 Quick Ratio1.16 Sales & Book Value Annual Sales$5.15 billion Price / Sales0.85 Cash Flow$3.90 per share Price / Cash Flow8.39 Book Value$12.38 per share Price / Book2.64Miscellaneous Outstanding Shares133,110,000Free Float130,956,000Market Cap$4.35 billion OptionableOptionable Beta1.30 Key ExecutivesJ. Mitchell DolloffPresident, Chief Executive Officer & DirectorJeffrey L. TateChief Financial Officer & Executive Vice PresidentMichael W. BlinzlerChief Information Officer & Vice PresidentVincent LyonsVice President-Engineering & TechnologySteven K. HendersonExecutive VP & President-Specialized ProductsKey CompetitorsLa-Z-BoyNYSE:LZBMadison Square Garden SportsNYSE:MSGSPENN EntertainmentNASDAQ:PENNDISH NetworkNASDAQ:DISHiQIYINASDAQ:IQView All CompetitorsInsiders & InstitutionsBerkshire Asset Management LLC PABought 10,974 shares on 6/6/2023Ownership: 0.635%Ontario Teachers Pension Plan BoardSold 15,767 shares on 6/1/2023Ownership: 0.018%ProShare Advisors LLCSold 37,500 shares on 5/26/2023Ownership: 0.751%Brandywine Global Investment Management LLCBought 64,195 shares on 5/25/2023Ownership: 0.048%Old North State Trust LLCSold 345 shares on 5/24/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions LEG Stock - Frequently Asked Questions Should I buy or sell Leggett & Platt stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LEG, but not buy additional shares or sell existing shares. View LEG analyst ratings or view top-rated stocks. What is Leggett & Platt's stock price forecast for 2023? 2 Wall Street research analysts have issued 1-year price objectives for Leggett & Platt's stock. Their LEG share price forecasts range from $21.00 to $35.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 8.3%. View analysts price targets for LEG or view top-rated stocks among Wall Street analysts. How have LEG shares performed in 2023? Leggett & Platt's stock was trading at $32.23 at the beginning of the year. Since then, LEG shares have increased by 1.5% and is now trading at $32.71. View the best growth stocks for 2023 here. When is Leggett & Platt's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023. View our LEG earnings forecast. How were Leggett & Platt's earnings last quarter? Leggett & Platt, Incorporated (NYSE:LEG) released its quarterly earnings data on Monday, May, 1st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.13. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Leggett & Platt had a net margin of 5.42% and a trailing twelve-month return on equity of 16.83%. The firm's revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. 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 Thursday, May 4th. Investors of record on Thursday, June 15th will be paid a dividend of $0.46 per share on Friday, July 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Wednesday, June 14th. This is a positive change from the stock's previous quarterly dividend of $0.44. 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 Timothy Plan Market Neutral ETF (TPMN), Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), ProShares Russell US Dividend Growers ETF (TMDV), SPDR S&P Dividend ETF (SDY), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Victoryshares Dividend Accelerator ETF (VSDA) and Altrius Global Dividend ETF (DIVD). Is Leggett & Platt a good dividend stock? Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.76 per share and currently has a dividend yield of 5.68%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 88.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LEG will have a dividend payout ratio of 102.33% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for LEG. What guidance has Leggett & Platt issued on next quarter's earnings? Leggett & Platt updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.50-$1.90 for the period, compared to the consensus estimate of $1.59. The company issued revenue guidance of $4.80 billion-$5.20 billion, compared to the consensus revenue estimate of $4.91 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). What is Leggett & Platt's stock symbol? Leggett & Platt trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEG." Who are Leggett & Platt's major shareholders? Leggett & Platt's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (12.73%), BlackRock Inc. (11.98%), Charles Schwab Investment Management Inc. (4.27%), Dimensional Fund Advisors LP (1.69%), Bank of New York Mellon Corp (1.41%) and Geode Capital Management LLC (1.41%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, Scott S Douglas 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Leggett & Platt's stock price today? One share of LEG stock can currently be purchased for approximately $32.71. How much money does Leggett & Platt make? Leggett & Platt (NYSE:LEG) has a market capitalization of $4.35 billion and generates $5.15 billion in revenue each year. The company earns $309.80 million in net income (profit) each year or $2.00 on an earnings per share basis. How many employees does Leggett & Platt have? The company employs 19,900 workers across the globe. How can I contact Leggett & Platt? Leggett & Platt's mailing address is NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836. The official website for the company is www.leggett.com. The company can be reached via phone at (417) 358-8131, via email at invest@leggett.com, or via fax at 417-358-8449. This page (NYSE:LEG) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Leggett & Platt, Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. 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