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Leggett & Platt Incorporated (LEG) Volatility At 1.88%, Should You Add A Position?

Leggett & Platt Incorporated (NYSE: LEG) is -13.39% lower on its value in year-to-date trading and has touched a low of $30.28 and a high of $43.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEG stock was last observed hovering at around $35.67 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $35.00 for the next 12 months. It is also 13.05% off the consensus price target high of $41.00 offered by 4 analysts, but current levels are -15.0% lower than the price target low of $31.00 for the same period.

Currently trading at $35.65, the stock is 4.37% and 4.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing -0.06% at the moment leaves the stock -2.54% off its SMA200. LEG registered -17.17% loss for a year compared to 6-month loss of -5.31%.

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The stock witnessed a 8.59% gain in the last 1 month and extending the period to 3 months gives it a -10.99%, and is 2.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.88% over the week and 2.67% over the month.

Leggett & Platt Incorporated (LEG) has around 20300 employees, a market worth around $4.69B and $5.28B in sales. Current P/E ratio is 13.44 and Fwd P/E is 16.09. Profit margin for the company is 6.90%. Distance from 52-week low is 17.73% and -18.77% from its 52-week high. The company has generated returns on investments over the last 12 months (12.70%).

Leggett & Platt Incorporated (LEG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Leggett & Platt Incorporated (LEG) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to grow by 58.10% this year

Leggett & Platt Incorporated (LEG) Top Institutional Holders

The shares outstanding are 135.70M, and float is at 130.72M with Short Float at 6.58%.

Leggett & Platt Incorporated (LEG) Insider Activity

A total of 241 insider transactions have happened at Leggett & Platt Incorporated (LEG) in the last six months, with sales accounting for 4 and purchases happening 237 times. The most recent transaction is an insider sale by GLASSMAN KARL G, the company’s Executive Chairman. SEC filings show that GLASSMAN KARL G sold 26,401 shares of the company’s common stock on Aug 05 at a price of $40.53 per share for a total of $1.07 million. Following the sale, the insider now owns 0.85 million shares.

Leggett & Platt Incorporated disclosed in a document filed with the SEC on Jun 01 that WOOD PHOEBE A (Director) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Jun 01 and was made at $38.35 per share for $95870.0. Following the transaction, the insider now directly holds 53580.0 shares of the LEG stock.

Still, SEC filings show that on Feb 17, Brunner Robert E (Director) disposed off 8,924 shares at an average price of $38.89 for $0.35 million. The insider now directly holds 9,935 shares of Leggett & Platt Incorporated (LEG).

Leggett & Platt Incorporated (LEG): Who are the competitors?

The company’s main competitors (and peers) include Tempur Sealy International Inc. (TPX) that is trading -27.42% down over the past 12 months and Sleep Number Corporation (SNBR) that is -62.99% lower over the same period. La-Z-Boy Incorporated (LZB) is -26.28% down on the 1-year trading charts.

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