NYSE:LEG Leggett & Platt - LEG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $30.58 +0.35 (+1.16%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's Range$30.38▼$30.9450-Day Range$30.23▼$38.0452-Week Range$30.16▼$41.94Volume885,946 shsAverage Volume959,937 shsMarket Capitalization$4.06 billionP/E Ratio13.47Dividend Yield5.76%Price Target$32.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Leggett & Platt MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside4.6% Upside$32.00 Price TargetShort InterestHealthy6.09% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment0.35Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth12.66%From $1.58 to $1.78 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.2.06 out of 5 starsConsumer Discretionary Sector201st out of 259 stocksHousehold Furniture Industry7th out of 8 stocks 1.0 Analyst's Opinion Consensus RatingLeggett & Platt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.00, Leggett & Platt has a forecasted upside of 4.6% from its current price of $30.58.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 Shorted6.09% 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 8.8.Change versus previous monthShort interest in Leggett & Platt has recently decreased by 5.79%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipLeggett & Platt is a leading dividend payer. It pays a dividend yield of 5.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLeggett & Platt has been increasing its dividend for 51 years.Dividend CoverageThe dividend payout ratio of Leggett & Platt is 77.53%. 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 98.88% 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 -16.42% net impact score from Upright. The largest negative impact of Leggett & Platt in category "GHG emissions" seems to be driven mostly by its "Polyurethane foam", "Nickel tubes", "Car seats", "Aluminium wire", "Packaging coatings", and "Wood-based postal packages" products. See details.Environmental SustainabilityThe Environmental Impact score for Leggett & Platt is -3.19. Previous Next 3.0 News and Social Media Coverage News SentimentLeggett & Platt has a news sentiment score of 0.35. 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 9 news articles for Leggett & Platt this week, compared to 5 articles on an average week.Search Interest38 people have searched for LEG on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.MarketBeat Follows11 people have added Leggett & Platt to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Leggett & Platt insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.57% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Leggett & Platt are expected to grow by 12.66% in the coming year, from $1.58 to $1.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Leggett & Platt is 13.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Leggett & Platt is 13.47, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.59.Price to Book Value per Share RatioLeggett & Platt has a P/B Ratio of 2.47. 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 HeadlinesMarch 19, 2023 | seekingalpha.comLeggett & Platt: It Is Worth Considering The DividendsMarch 17, 2023 | americanbankingnews.comLeggett & Platt, Incorporated (NYSE:LEG) Sees Significant Drop in Short InterestMarch 20, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 17, 2023 | marketwatch.comLeggett & Platt Inc. stock remains steady Thursday, underperforms marketMarch 16, 2023 | marketwatch.comLeggett & Platt Inc. stock falls Wednesday, underperforms marketMarch 16, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Leggett & Platt (NYSE:LEG)March 14, 2023 | marketwatch.comLeggett & Platt Inc. stock rises Tuesday, still underperforms marketMarch 14, 2023 | marketwatch.comLuxury Furniture Market | 89 Pages by 360 Market UpdatesMarch 20, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 13, 2023 | marketwatch.comSolid Wood Table and Chair Set Market Analysis, Status, Industry Growing Demand and Outlook 2023 to 2028March 13, 2023 | americanbankingnews.comLeggett & Platt, Incorporated (NYSE:LEG) Plans $0.44 Quarterly DividendMarch 8, 2023 | finance.yahoo.comWhy Is Legget & Platt (LEG) Down 4.7% Since Last Earnings Report?March 3, 2023 | finance.yahoo.comAt US$34.42, Is Leggett & Platt, Incorporated (NYSE:LEG) Worth Looking At Closely?March 3, 2023 | msn.comLytton Mattress ReviewMarch 1, 2023 | marketwatch.comLeggett & Platt Inc. stock falls Tuesday, still outperforms marketFebruary 28, 2023 | finance.yahoo.comLEGGETT & PLATT ANNOUNCES WEBCAST OF MARCH 7th PRESENTATIONFebruary 24, 2023 | marketwatch.comPolyurethane Foam Mattress Market Size Regional Analysis 2023 which includes Rapid Growth Rate Till 2025February 23, 2023 | marketwatch.comTextiles Home Decor Market Forecast: An Analysis of Industry Trends for 2023-2027February 23, 2023 | foxnews.comActor Ben Platt savages ‘really disgusting’ neo-Nazis protesting his Broadway playFebruary 20, 2023 | msn.comBoys basketball recap Week 11: Windsor postpones a game due to an injury, Platt’s Anthony Nimani breaks the school scoring recordFebruary 8, 2023 | marketwatch.comUnderlayment Market Analysis by 2029 with Key Players USG, James Hardie, Leggett & Platt, National GypsumFebruary 7, 2023 | finance.yahoo.comLeggett (LEG) Q4 Earnings Miss, Stock Falls, 2023 View TepidFebruary 7, 2023 | msn.comWeek 9 boys’ basketball recap: Jamie Leggett leading the way for St. Paul, Trevor Buchanan scores 1,000th point for BoltonFebruary 6, 2023 | msn.comLeggett & Platt Non-GAAP EPS of $0.39 misses by $0.09, revenue of $1.2B misses by $40MFebruary 6, 2023 | markets.businessinsider.comLeggett & Platt Inc. Q4 Profit Falls, misses estimatesFebruary 6, 2023 | marketwatch.comLeggett & Platt 4Q Sales Fall On Softer DemandFebruary 6, 2023 | seekingalpha.comLeggett & Platt stock slips on earnings miss, downbeat full-year forecastSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Ex-Dividend for 1/13 Dividend12/14/2022Dividend Payable1/13/2023Last Earnings2/06/2023Ex-Dividend for 4/14 Dividend3/14/2023Today3/20/2023Dividend Payable4/14/2023Next Earnings (Estimated)5/01/2023Fiscal 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$32.00 High Stock Price Forecast$40.00 Low Stock Price Forecast$21.00 Forecasted Upside/Downside+4.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.27 Trailing P/E Ratio13.47 Forward P/E Ratio19.35 P/E GrowthN/ANet Income$309.80 million Net Margins6.02% Pretax Margin7.84% Return on Equity19.09% Return on Assets5.92% Debt Debt-to-Equity Ratio1.26 Current Ratio2.02 Quick Ratio1.09 Sales & Book Value Annual Sales$5.15 billion Price / Sales0.79 Cash Flow$3.73 per share Price / Cash Flow8.19 Book Value$12.38 per share Price / Book2.47Miscellaneous Outstanding Shares132,920,000Free Float130,835,000Market Cap$4.06 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:LZBPENN EntertainmentNASDAQ:PENNTopgolf Callaway BrandsNYSE:MODGSendas DistribuidoraNYSE:ASAIRed Rock ResortsNASDAQ:RRRView All CompetitorsInsiders & InstitutionsRockefeller Capital Management L.P.Bought 1,300 shares on 3/6/2023Ownership: 0.002%Regal Investment Advisors LLCBought 12,402 shares on 3/1/2023Ownership: 0.061%Voya Investment Management LLCBought 56,817 shares on 2/28/2023Ownership: 0.056%NatixisBought 6,334 shares on 2/24/2023Ownership: 0.005%IMS Capital ManagementBought 7,090 shares on 2/22/2023Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions LEG Stock - Frequently Asked Questions Should I buy or sell Leggett & Platt stock right now? 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, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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? 3 brokers have issued 12-month price objectives for Leggett & Platt's stock. Their LEG share price forecasts range from $21.00 to $40.00. On average, they anticipate the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 4.6% 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 2023? Leggett & Platt's stock was trading at $32.23 at the start of the year. Since then, LEG stock has decreased by 5.1% and is now trading at $30.58. View the best growth stocks for 2023 here. Are investors shorting Leggett & Platt? Leggett & Platt saw a decrease in short interest in February. As of February 28th, there was short interest totaling 7,980,000 shares, a decrease of 5.8% from the February 13th total of 8,470,000 shares. Based on an average daily trading volume, of 904,200 shares, the short-interest ratio is currently 8.8 days. Approximately 6.1% of the shares of the company are short sold. 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 1st 2023. View our LEG earnings forecast. How were Leggett & Platt's earnings last quarter? Leggett & Platt, Incorporated (NYSE:LEG) issued its quarterly earnings results on Monday, February, 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.09. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.24 billion. Leggett & Platt had a trailing twelve-month return on equity of 19.09% and a net margin of 6.02%. Leggett & Platt's revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 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 Thursday, February 23rd. Investors of record on Wednesday, March 15th will be given a dividend of $0.44 per share on Friday, April 14th. This represents a $1.76 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Tuesday, March 14th. 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 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), Altrius Global Dividend ETF (DIVD) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). 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 5.82%. 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 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.53%. 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 98.88% 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 FY23 earnings guidance on Monday, February, 6th. The company provided earnings per share (EPS) guidance of $1.50-$1.90 for the period, compared to the consensus earnings per share estimate of $2.06. The company issued revenue guidance of $4.8-$5.2 billion, compared to the consensus revenue estimate of $5.07 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 many different retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (4.27%), Dimensional Fund Advisors LP (1.68%), Epoch Investment Partners Inc. (1.42%), Geode Capital Management LLC (1.37%), Morgan Stanley (1.30%) and ProShare Advisors LLC (0.78%). 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 $30.58. How much money does Leggett & Platt make? Leggett & Platt (NYSE:LEG) has a market capitalization of $4.06 billion and generates $5.15 billion in revenue each year. The company earns $309.80 million in net income (profit) each year or $2.27 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 3/20/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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