LEG stock: buy or sell?
September 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-3||Bank of America||n/a||Buy|
|2019-9-16||Goldman Sachs Group||n/a||Buy|
|2019-9-11||Hauck & Aufhaeuser||n/a||Neutral|
|2019-7-24||Raymond James||Outperform||Market Perform|
LEG stock analysis
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%).
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 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 targetHow 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 ShareSince last April, when Leggett & Platt posted its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|2013||$3,740 M||-||$190 M5.1%||-|
|2014||$3,782 M||1.13%||$98 M2.6%||-48.53%|
|2015||$3,917 M||3.57%||$325 M8.3%||231.73%|
|2016||$3,750 M||-4.27%||$386 M10.3%||18.67%|
|2017||$3,944 M||5.17%||$293 M7.4%||-24.16%|
|2018||$4,270 M||8.26%||$306 M7.2%||4.55%|
|TTM||$4,396 M||2.96%||$289 M6.6%||-5.46%|
Quarterly financial resultsLeggett & 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%.
|2017-Q2||$989 M||-||$88 M8.9%||-|
|2017-Q3||$1,010 M||2.08%||$84 M8.3%||-4.68%|
|2017-Q4||$985 M||-2.52%||$36 M3.7%||-56.53%|
|2018-Q1||$1,029 M||4.50%||$78 M7.6%||114.60%|
|2018-Q2||$1,103 M||7.16%||$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 M||10.36%||$61 M5.3%||15.47%|
Leggett & Platt ownershipWhen 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:
|Market cap||$5.4 B||$55.2 M||$487.1 M||$124.3 M||$1.5 B|
|Total shares||131.5 M||10.1 M||26.6 M||7.9 M||42.9 M|
|Float shares||129.8 M||8.6 M||24.6 M||7.3 M||42.4 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$40.69 - $41.45|
|Average true range||$1.01|
|50d mov avg||$38.85|
|100d mov avg||$38.09|
|200d mov avg||$39.10|
Leggett & Platt performancePerformance 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.
|LEGLeggett & Platt||7.62%||2.13%||-7.04%|
|ETHEthan Allen Inter...||-8.17%||0.66%||-12.30%|
|TPXTempur Sealy Inte...||1.75%||37.36%||40.78%|
Leggett & Platt competitorsOne 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.
- Crown Crafts (CRWS)
- Ethan Allen Interiors (ETH)
- Flexsteel Industries (FLXS)
- HNI (HNI)
- Knoll (KNL)
- La-Z-Boy (LZB)
- Herman Miller (MLHR)
- Steelcase (SCS)
- Sleep Number (SNBR)
- Tempur Sealy International (TPX)
Latest LEG stock news
- InvestorPlace3 Big Stock Charts for Wednesday: United Technologies, Abbott Laboratories and Leggett & PlattJuly 18, 2018