Taking a Look at the Data Behind Leggett & Platt, Incorporated (LEG)

Leggett & Platt, Incorporated (NYSE:LEG) is an interesting player in the Consumer Goods space, with a focus on Home Furnishings & Fixtures. The stock has been active on the tape, currently trading at $46.99, up from yesterday’s close by -0.99%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Leggett & Platt, Incorporated (LEG) currently trades with a market capitalization of $6.28B. That value represents a market adjusting for revenues that have been falling by -6.00% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For LEG, the company currently has $317.30M of cash on the books, which is offset by $1.06B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $251.21M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 0.58 on a per share basis this quarter. Perhaps, that suggests something about why 62.20% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Leggett & Platt, Incorporated recorded a 52-week high of 54.63. It is now trading 7.17 off that level. The stock is trading 49.11 its 50-day moving average by 1.65. The stock carved out a 52-week low down at 36.64.

In recent action, Leggett & Platt, Incorporated (LEG) has made a move of -6.77% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 0.38, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 130.44M with 5.94% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of LEG.

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