Leggett & Platt Incorporated ($LEG) Stock Forecast: Up 16.2% Today

What is Leggett & Platt Incorporated?

Leggett & Platt Incorporated (LEG) is a diversified manufacturer specializing in engineered components and products across various sectors like bedding, automotive, and furniture.

Why is Leggett & Platt Incorporated going up?

LEG stock is up 16.2% on Feb 14, 2025 14:47

• Despite anticipated soft demand in key markets, LEG witnessed a notable uptrend, hinting at potential positive outcomes for its Q4 earnings.
• Market sentiment appears optimistic regarding LEG's capacity to address obstacles and potentially surpass expectations amid challenging market conditions.
• The recent uptrend could indicate investor emphasis on factors like cost efficiency, strategic endeavors, and broader market sentiments, rather than solely demand projections.

LEG Price Chart

LEG Technical Analysis

LEG News

Leggett Gears Up for Q4 Earnings: Here's What to Expect From the Stock

LEG's fourth-quarter fiscal 2024 performance is expected to have been hurt by soft demand in most of the markets served.

https://www.zacks.com/stock/news/2414417/leggett-gears-up-for-q4-earnings-heres-what-to-expect-from-the-stock

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Leggett & Platt Incorporated Price History

25.05.2024 - LEG Stock was down 5.1%

• The recent downgrade of LEG from a hold to a sell rating may have influenced the bearish trend.
• Potential reasons for the downgrade could include weak financial performance or concerns about future growth prospects.
• Negative investor response to the sell rating likely led to higher selling activity of LEG shares.
• The downgrade possibly diminished investor trust in the company's outlook, leading to today's downward movement in the market for LEG.

14.01.2025 - LEG Stock was up 16.2%

• Despite anticipated soft demand in key markets, LEG witnessed a notable uptrend, hinting at potential positive outcomes for its Q4 earnings.
• Market sentiment appears optimistic regarding LEG's capacity to address obstacles and potentially surpass expectations amid challenging market conditions.
• The recent uptrend could indicate investor emphasis on factors like cost efficiency, strategic endeavors, and broader market sentiments, rather than solely demand projections.

28.00.2025 - LEG Stock was down 5.4%

• LEG stock experienced a bearish movement likely due to investors' anticipation of the upcoming earnings call.
• The market might be reacting negatively to potential concerns or uncertainties surrounding the company's financial performance in the fourth quarter and full year of 2024.
• Investors could be adjusting their positions in LEG stock based on expectations set by the upcoming earnings report, leading to the bearish trend observed today.

31.00.2025 - LEG Stock was down 5.1%

• The bearish movement of LEG's stock could be linked to concerns about the upcoming earnings call and uncertainty surrounding the company's performance in the fourth quarter of 2024.
• Market competition may have negatively affected LEG's stock, leading to a decrease in investor confidence.
• The anticipation of the earnings call on February 13, 2025, potentially prompted some investors to sell off their positions in LEG, contributing to the bearish movement in the stock.

30.04.2024 - LEG Stock was up 5.5%

• The recent appointment of Karl Glassman as the new President and CEO of Leggett & Platt is likely boosting investor confidence, contributing to the positive market reaction.
• Insider purchases of company stock by directors, amounting to $64k, suggest optimism regarding the company's future prospects.
• The noteworthy insider trades and the change in leadership reflect a strong belief in the company's potential for growth, fueling today's uptrend in the stock price.

10.01.2024 - LEG Stock was down 12.1%

• The bearish movement in LEG's stock today could be attributed to the following factors:
• 1. Disappointing earnings: The series of earnings call transcripts suggests that there might have been negative news or underwhelming financial results in the recent quarters. This could have influenced investor sentiment and led to the bearish market movement.
• 2. Lack of positive catalysts: The absence of any significant positive news, such as new contracts or partnerships, could have contributed to the downward pressure on LEG's stock. Without any exciting developments to drive investor interest, the market sentiment may have turned bearish.
• 3. Raymond James Institutional Investors Conference: The mention of LEG's participation in this conference might have sparked expectations among investors. If the conference failed to deliver any positive outlook or growth prospects for the company, it could have further dampened investor sentiment and contributed to the bearish movement.
• Overall, the bearish market movement in LEG's stock today could be attributed to disappointing earnings, lack of positive catalysts, and potentially unfulfilled expectations from the Raymond James Institutional Investors Conference.

11.05.2024 - LEG Stock was down 5.2%

• Recent acquisition of 10,000 shares by Director Srikanth Padmanabhan could signal confidence in the company's future.
• Despite insider buying, bearish market reaction could stem from broader economic worries or specific company performance concerns.
• Some investors may view the insider purchase separately from the company's overall status, influencing the negative trend in LEG's stock price for the day.

12.02.2024 - LEG Stock was down 5.2%

• The company was downgraded from a hold to a sell rating, which had a negative impact on investor sentiment.
• A reduction in the price target by an industry analyst reflects concerns about the company's performance.
• Observations on undervalued stocks in the market point to a trend where investors may be exploring different opportunities instead of focusing on LEG.
• Investor interest in high-dividend stocks within the consumer sector might have redirected attention from LEG, contributing to its recent bearish performance.

14.02.2024 - LEG Stock was down 5.0%

• A price target reduction on LEG by Piper Sandler and a stock downgrade to "Sell" by StockNews.com added to the prevailing bearish sentiment.
• The multitude of price downgrades from various analysts and financial organizations, including Truist Financial, likely exerted additional downward pressure on the stock.
• The general market sentiment favoring undervalued stocks, as discussed recently, may have prompted investors to sell off LEG shares in search of more promising opportunities.
• Some investors might have been drawn to the appeal of high-growth tech stocks, possibly overlooking the potential for a rebound in undervalued stocks like LEG.

02.03.2024 - LEG Stock was down 5.1%

• LEG experienced a bearish movement today amidst a mixed closing for U.S. stocks.
• The strong performance of dividend-paying stocks, particularly Dividend Kings, might have diverted investor attention away from LEG, impacting its market movement negatively.
• Analysts' bullish stock picks for companies like Riot Platforms and O'Reilly Automotive could have attracted investors away from LEG, contributing to its bearish trend.
• The overall positive sentiment in the market, with the S&P 500 and Dow Jones recording gains, might have highlighted LEG's underperformance, leading to the bearish movement.

03.04.2024 - LEG Stock was up 6.9%

• LEG stock saw a significant uptrend despite concerns about the company's first-quarter performance.
• The choice to reduce its dividend payout, a tradition of 52 years, initially impacted the stock price negatively. However, investors appear hopeful about the company's future.
• The market might have anticipated the revenue and earnings setbacks in Q1, prompting some opportunistic investors to view it as a buying opportunity.
• The adjustment of price targets by analysts following the dividend cut could have influenced the stock price, fostering a more optimistic outlook among investors regarding LEG.

10.06.2024 - LEG Stock was up 5.5%

• A downgrade from a "hold" to a "sell" rating could have initially caused some uncertainty and selling pressure on the stock.
• However, the strong bullish movement suggests that investors may have viewed the downgrade as an opportunity to buy the stock at a potentially discounted price.
• This movement could indicate that investors have confidence in Leggett & Platt's long-term prospects despite the short-term downgrade, leading to increased buying interest and driving the stock price higher.