LEG stock: buy or sell?

LEG stock price: $40.81 -1.14% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Leggett & Platt closed yesterday at $40.81 and decreased a lame -1.14%.

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products.

Should I buy LEG stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Leggett & Platt stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean LEG will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Leggett & Platt stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we detected 8 ratings published for LEG stock in the last 30 days.

The general sentiment of these ratings is bullish for LEG stock, with 4 positive ratings.
Is LEG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-4UBS Groupn/aBuy
2019-9-3Bank of American/aBuy
2019-9-2Morgan Stanleyn/aBuy
2019-9-16Goldman Sachs Groupn/aBuy
2019-9-11Hauck & Aufhaeusern/aNeutral
2019-8-27Nord/LBn/aNeutral
2019-7-24Raymond JamesOutperformMarket Perform
2019-2-6GabelliBuyHold

LEG stock analysis

Daily outlook

Leggett & Platt shares decreased -1.14% to $40.81 yesterday.

Leggett & Platt ended yesterday at $40.81 and decreased a lame -1.14%. Since last September/9 when LEG stock price broke up the SMA200d line, it gained $2.20 (5.70%).

LEG stock chart (daily)

Weekly outlook

After boosting an extraordinary 8.36% in a week last week, Leggett & Platt closed this week at $40.81 and dropped a tragic -3.13%.

Leggett & Platt stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since price and SMA40w lines crossed up last week, LEG climbed $2.20 (5.70%).

LEG stock chart (weekly)

LEG stock price history

LEG IPO was on March 17th, 1980 at $0.05 per share1. Since then, LEG stock grew a 81,520.00%, with an average of 2,090.30% per year. If you had invested $1,000 in LEG stock in 1980, it would worth $815,200.00 today.

1: Adjusted price after possible price splits or reverse-splits.

LEG stock historical price chart

LEG stock reached 52-week highs on February at $45.17, and all-time highs 2017-04-28 with a price of 50.42.

LEG stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' LEG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price forecast for Leggett & Platt stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last April, when Leggett & Platt posted its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
LEG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.64n/a
2017-Q32017-10-260.60.611.7%
2017-Q42018-02-050.620.59-4.8%
2018-Q12018-04-260.610.57-6.6%
2018-Q22018-07-260.610.633.3%
2018-Q32018-10-250.720.67-6.9%
2018-Q42019-02-040.570.628.8%
2019-Q12019-04-240.54n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Leggett & Platt annual turnover rose a remarkable 8.26% to $4,269.50 million USD from $3,943.80 marked in 2017. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) stayed steady a -0.25% to 7.16%.

To have an updated picture of the financial situation of Leggett & Platt, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Leggett & Platt TTM sales up to March 2019 were $4,395.80 and earnings were $289.20 M USD. When comparing this TTM figures with the last reported annuality, we can review Leggett & Platt business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, gained a slightly fine 2.96%. Regarding profit margin, Leggett & Platt remained constant -0.59% to 7.16%

LEG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,740 M-$190 M5.1%-
2014$3,782 M1.13%$98 M2.6%-48.53%
2015$3,917 M3.57%$325 M8.3%231.73%
2016$3,750 M-4.27%$386 M10.3%18.67%
2017$3,944 M5.17%$293 M7.4%-24.16%
2018$4,270 M8.26%$306 M7.2%4.55%
TTM $4,396 M2.96%$289 M6.6%-5.46%

Quarterly financial results

Leggett & Platt reported $1,155.10 M in revenues for 2019-Q1, a 10.36% improvement compared to previous quarter. Reported quarter income marked $61.20 million with a profit margin of 5.30%. Profit margin remained constant a 0.23% compared to previous quarter when profit margin was 5.06%. When comparing sales to same quarter last year, Leggett & Platt sales marked an extraordinary gain and skyrocketed a 12.28%.
LEG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$989 M-$88 M8.9%-
2017-Q3$1,010 M2.08%$84 M8.3%-4.68%
2017-Q4$985 M-2.52%$36 M3.7%-56.53%
2018-Q1$1,029 M4.50%$78 M7.6%114.60%
2018-Q2$1,103 M7.16%$85 M7.7%9.11%
2018-Q3$1,092 M-1.00%$90 M8.2%5.88%
2018-Q4$1,047 M-4.10%$53 M5.1%-41.11%
2019-Q1$1,155 M10.36%$61 M5.3%15.47%

Leggett & Platt ownership

When you are planning to invest in shares of a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Leggett & Platt, 1.02% of all outstanding shares are owned by its staff.

Bearish positions for LEG stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

LEGCRWSETHFLXSHNI
Market cap$5.4 B$55.2 M$487.1 M$124.3 M$1.5 B
Total shares131.5 M10.1 M26.6 M7.9 M42.9 M
Float shares129.8 M8.6 M24.6 M7.3 M42.4 M
  - Institutional holdings (%)81.1%39.9%91.6%63.6%73.9%
  - Insider holdings (%)1.0%14.4%9.1%5.2%1.7%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

LEG summary

Friday, September 20th, 2019
Open$41.35
Close$40.81
Day range$40.69 - $41.45
Previous close$41.28
Session gain-1.14%
Average true range$1.01
50d mov avg$38.85
100d mov avg$38.09
200d mov avg$39.10
Daily pattern
Weekly pattern lt06a

Leggett & Platt performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We chose Crown Crafts, Ethan Allen Interiors, Flexsteel Industries, HNI, Knoll, La-Z-Boy, Herman Miller, Steelcase, Sleep Number and Tempur Sealy International as the bechmarking frame for Leggett & Platt stock.
Stock3m6m12m
LEGLeggett & Platt7.62%2.13%-7.04%
CRWSCrown Crafts27.34%9.00%-2.68%
ETHEthan Allen Inter...-8.17%0.66%-12.30%
FLXSFlexsteel Industr...-11.62%-30.16%-47.95%
HNI 3.42%-0.34%-18.67%
KNLKnoll21.35%37.60%9.46%
LZBLa-Z-Boy4.76%3.09%2.08%
MLHRHerman Miller21.95%32.43%17.44%
SCSSteelcase19.96%26.83%-0.05%
SNBRSleep Number9.68%-6.05%17.99%
TPXTempur Sealy Inte...1.75%37.36%40.78%

Leggett & Platt competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Leggett & Platt. We chose 10 companies as Leggett & Platt competitors as they are in the same industry or have similar market objectives.

Latest LEG stock news