Leggett & Platt (NYSE:LEG) Stock, Quote.Headers.trade-ideas

Leggett & Platt

Leggett & Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.

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Goldman Sachs analyst Susan Maklari maintains Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) with a Neutral and lowers the price target from $14 to $12.

Price Target

Analyst Ratings

Goldman Sachs Maintains Neutral on Leggett & Platt, Lowers Price Target to $12

Piper Sandler analyst Peter Keith upgrades Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) from Underweight to Neutral and raises the price target from $11 to $13.

Upgrades

Piper Sandler Upgrades Leggett & Platt to Neutral, Raises Price Target to $13

<h3>Gainers</h3>
<ul>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) stock rose 15.1% to $19.6 during Monday's after-market session. The company's market cap stands at $7.6 billion. The company's, Q2 earnings came out today. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) stock rose 6.96% to $1.06. The company's market cap stands at $303.3 million. </li>
<li>Camping World Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) stock increased by 6.49% to $22.8. The company's market cap stands at $1.0 billion. The company's, Q3 earnings came out today. </li>
<li>Linkage Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) shares increased by 5.89% to $0.32. The market value of their outstanding shares is at $6.8 million. </li>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) stock increased by 3.52% to $0.71. The company's market cap stands at $8.5 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares increased by 3.35% to $0.56. The company's market cap stands at $20.8 million. </li>
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<h3>Losers</h3>
<ul>
<li>Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) shares declined by 11.8% to $142.13 during Monday's after-market session. The company's market cap stands at $4.3 billion. The company's, Q2 earnings came out today. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock declined by 8.7% to $0.28. The market value of their outstanding shares is at $2.5 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares decreased by 6.21% to $0.14. </li>
<li>Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) stock declined by 5.1% to $11.55. The market value of their outstanding shares is at $1.5 billion. As per the press release, Q3 earnings came out today. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock decreased by 5.01% to $0.72. The company's market cap stands at $38.2 million. </li>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) shares fell 5.0% to $0.68. The market value of their outstanding shares is at $16.8 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Guidance

Legett & Platt Lowers FY24 Revenue From $4.3B-$4.5B To $4.3B-$4.4B Vs $4.421B Est; Lowers FY24 Adj. EPS From $1.10-$1.25 To $1.00-$1.10 Vs $1.13 Est

Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.33 by 3.03 percent. The company reported quarterly sales of $1.10 billion which missed the analyst consensus estimate of $1.11 billion by 1.08 percent. This is a 6.21 percent decrease over sales of $1.18 billion the same period last year.

Earnings

Earnings Misses

Leggett & Platt Q3 2024 Adj EPS $0.32 Misses $0.33 Estimate, Sales $1.10B Miss $1.11B Estimate

Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) will release its quarterly earnings report on Monday, 2024-10-28. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Leggett &amp; Platt to report an earnings per share (EPS) of $0.33.
The market awaits Leggett &amp; Platt's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
The company's EPS missed by $0.01 in the last quarter, leading to a 1.01% increase in the share price on the following day.
Here's a look at Leggett &amp; Platt's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.24</td>
<td>0.27</td>
<td>0.40</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.29</td>
<td>0.23</td>
<td>0.26</td>
<td>0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-27.0%</td>
<td>-12.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729868603_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Leggett &amp; Platt were trading at $12.27 as of October 24. Over the last 52-week period, shares are down 47.98%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/LEG/earnings">To track all earnings releases for Leggett &amp; Platt visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Leggett & Platt's Earnings Expectations

Truist Securities analyst Keith Hughes maintains Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) with a Hold and raises the price target from $11 to $13.

Truist Securities Maintains Hold on Leggett & Platt, Raises Price Target to $13

Leggett & Platt Sees FY24 Adj. EPS $1.10-$1.25 Vs $1.11 Est.; Sales $4.3B-$4.5B Vs $4.424B Est.

Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.30 by 3.33 percent. The company reported quarterly sales of $1.128 billion which missed the analyst consensus estimate of $1.134 billion by 0.54 percent. This is a 7.62 percent decrease over sales of $1.221 billion the same period last year.

Leggett & Platt Q2 2024 Adj. EPS $0.29 Misses $0.30 Estimate, Sales $1.128B Miss $1.134B Estimate

Throughout the last three months, 4 analysts have evaluated Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Leggett &amp; Platt, presenting an average target of $12.75, a high estimate of $14.00, and a low estimate of $11.00. A decline of 21.54% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1719496815_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Leggett &amp; Platt's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$11.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$13.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Susan Maklari</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$13.00</td>
<td>$16.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Leggett &amp; Platt. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Leggett &amp; Platt compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Leggett &amp; Platt's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Leggett &amp; Platt's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LEG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Leggett &amp; Platt analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Leggett &amp; Platt's Background</h2>
Leggett &amp; Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett &amp; Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.
<h3>Leggett &amp; Platt: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining Leggett &amp; Platt's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -9.62% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Leggett &amp; Platt's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.88% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.41%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Leggett &amp; Platt's ROA excels beyond industry benchmarks, reaching 0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.78.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 4 Analyst Recommendations For Leggett & Platt

Truist Securities analyst Keith Hughes maintains Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) with a Hold and lowers the price target from $13 to $11.

Truist Securities Maintains Hold on Leggett & Platt, Lowers Price Target to $11

Offerings

Leggett & Platt Inc Files For Mixed Shelf Offering; Size Not Disclosed

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Citi Trends</h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC <a href="https://www.benzinga.com/quote/CTRN/analyst-ratings">acquired a total of 32,508 shares</a> at an average price of $24.69. To acquire these shares, it cost around $802,617.</li>
<li>What's Happening: On June 4, Citi Trends reported mixed first-quarter results and revised full year 2024 outlook.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
<h3 class="wp-block-heading">Norfolk Southern</h3>
<ul>
<li>The Trade: Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) Director Sameh Fahmy acquired a total of 2,000 shares at an average price of $222.18. To acquire these shares, it cost around $444,355.</li>
<li>What's Happening: On May 23, Norfolk Southern reached an agreement to resolve federal East Palestine derailment claims and investigations.</li>
<li>What Norfolk Southern Does: Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">SLM</h3>
<ul>
<li>The Trade: SLM Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) Director Richard Scott Blackley <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 11,702 shares</a> at an average price of $21.31. To acquire these shares, it cost around $249,378.</li>
<li>What's Happening: On June 4, TD Cowen analyst Moshe Orenbuch maintained SLM with a Buy and raised the price target from $25 to $27.</li>
<li>What SLM Does: SLM Corp is the largest student lender in the country.</li>
</ul>
<h3 class="wp-block-heading">Leggett &amp; Platt</h3>
<ul>
<li>The Trade: Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) EVP &#8211; General Counsel Jennifer Joy Davis <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,985 shares</a> at an average price of $12.50. The insider spent around $24,812 to buy those shares.</li>
<li>What's Happening: On May 21, Leggett &amp; Platt named Karl Glassman as President and CEO.</li>
<li>What Leggett &amp; Platt Does: Leggett &amp; Platt Inc designs and produces engineered components and products found in homes and automobiles.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39157943/top-3-tech-and-telecom-stocks-you-may-want-to-dump-in-june">Top 3 Tech And Telecom Stocks You May Want To Dump In June</a>

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$175.00</td>
<td>$26.2K</td>
<td>10.8K</td>
<td>76.5K</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$148.00</td>
<td>$40.4K</td>
<td>1.2K</td>
<td>978</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$53.3K</td>
<td>10.7K</td>
<td>974</td>
</tr>
<tr>
<td>GPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$140.00</td>
<td>$414.6K</td>
<td>24</td>
<td>347</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$170.00</td>
<td>$98.8K</td>
<td>1.9K</td>
<td>169</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$5.00</td>
<td>$27.4K</td>
<td>24.6K</td>
<td>167</td>
</tr>
<tr>
<td>LEG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$10.00</td>
<td>$26.8K</td>
<td>386</td>
<td>153</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$140.00</td>
<td>$93.4K</td>
<td>1.6K</td>
<td>141</td>
</tr>
<tr>
<td>CHWY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$26.7K</td>
<td>4.2K</td>
<td>74</td>
</tr>
<tr>
<td>ASO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$64.2K</td>
<td>419</td>
<td>61</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $175.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $131.0 per contract. There were 10813 open contracts at this strike prior to today, and today 76505 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 155 contract(s) at a $148.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $261.0 per contract. There were 1221 open contracts at this strike prior to today, and today 978 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bullish sentiment. It expires in 203 day(s) on December 20, 2024. Parties traded 199 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $53.3K, with a price of $268.0 per contract. There were 10763 open contracts at this strike prior to today, and today 974 contract(s) were bought and sold. 
• For GPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>), we notice a call option trade that happens to be bullish, expiring in 203 day(s) on December 20, 2024. This event was a transfer of 347 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $414.6K, with a price of $1195.0 per contract. There were 24 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bearish sentiment. It expires in 140 day(s) on October 18, 2024. Parties traded 113 contract(s) at a $170.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $98.8K, with a price of $875.0 per contract. There were 1913 open contracts at this strike prior to today, and today 169 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option sweep with bullish sentiment. It expires in 321 day(s) on April 17, 2025. Parties traded 150 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $183.0 per contract. There were 24658 open contracts at this strike prior to today, and today 167 contract(s) were bought and sold. 
• Regarding LEG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on June 21, 2024. Parties traded 150 contract(s) at a $10.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $178.0 per contract. There were 386 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold. 
• Regarding ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we observe a put option sweep with bullish sentiment. It expires in 112 day(s) on September 20, 2024. Parties traded 119 contract(s) at a $140.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $93.4K, with a price of $785.0 per contract. There were 1684 open contracts at this strike prior to today, and today 141 contract(s) were bought and sold. 
• For CHWY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), we notice a put option sweep that happens to be bearish, expiring in 231 day(s) on January 17, 2025. This event was a transfer of 45 contract(s) at a $25.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $595.0 per contract. There were 4253 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold. 
• For ASO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>), we notice a put option trade that happens to be bullish, expiring in 231 day(s) on January 17, 2025. This event was a transfer of 60 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $64.2K, with a price of $1070.0 per contract. There were 419 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

BABA

CHWY

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Although U.S. stocks closed mostly higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Integra LifeSciences Holdings</h3>
<ul>
<li>The Trade: Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) Director, Exec. Chairman of the Board Stuart Essig <a href="https://www.benzinga.com/quote/IART/analyst-ratings">acquired a total of 52,641 shares</a> at an average price of $28.49. To acquire these shares, it cost around $1.5 million.</li>
<li>What's Happening: On May 6, Integra LifeSciences reported first-quarter revenues of $368.9 million, down 3.1% Y/Y on a reported basis and 2.5% on an organic basis, beating the consensus of $361.96 million and the management guidance of $360 million to $365 million.</li>
<li>What Integra LifeSciences Holdings Does: Integra Lifesciences Holdings Corp is a New Jersey-based medical equipment company focused on developing products for regenerative therapy, extremity orthopedics, and neurosurgical applications.</li>
</ul>
<h3 class="wp-block-heading">Manitowoc Company</h3>
<ul>
<li>The Trade: The Manitowoc Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) EVP &amp; Chief Financial Officer Brian P Regan acquired a total of 1,000 shares at an average price of $12.21. To acquire these shares, it cost around $12,210.</li>
<li>What's Happening: On May 7, Manitowoc reported weak first-quarter earnings.</li>
<li>What Manitowoc Company Does: Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Leggett &amp; Platt</h3>
<ul>
<li>The Trade: Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) Director Mark A Blinn <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 6,000 shares</a> at an average price of $10.74. To acquire these shares, it cost around $64,439.</li>
<li>What's Happening: On May 21, Leggett &amp; Platt named Karl Glassman as President and CEO.</li>
<li>What Leggett &amp; Platt Does: Leggett &amp; Platt Inc designs and produces engineered components and products found in homes and automobiles.</li>
</ul>
<h3 class="wp-block-heading">Wabash National</h3>
<ul>
<li>The Trade: Wabash National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) Director John G. Boss <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 3,658 shares</a> at an average price of $16.45. The insider spent around $60,163 to buy those shares.</li>
<li>What's Happening: On May 21, the company declared a regular quarterly dividend of 8 cents per share of the company&#8217;s common stock.</li>
<li>What Wabash National Does: Wabash National Corp operates as the innovation leader of connected solutions for the transportation, logistics, and distribution industries.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39006627/top-3-materials-stocks-that-are-set-to-fly-this-quarter">Top 3 Materials Stocks That Are Set To Fly This Quarter</a>

Leggett &amp; Platt's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) short percent of float has fallen 12.33% since its last report. The company recently reported that it has 8.30 million shares sold short, which is 7.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Leggett &amp; Platt Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715006716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Leggett &amp; Platt has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Leggett &amp; Platt's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Leggett &amp; Platt's peer group average for short interest as a percentage of float is 6.62%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Leggett & Platt's Recent Short Interest

Truist Securities analyst Keith Hughes maintains Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) with a Hold and lowers the price target from $16 to $13.

Truist Securities Maintains Hold on Leggett & Platt, Lowers Price Target to $13

Throughout the last three months, 5 analysts have evaluated Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Leggett &amp; Platt, revealing an average target of $15.4, a high estimate of $18.00, and a low estimate of $13.00. A decline of 19.79% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1714680024_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Leggett &amp; Platt by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Susan Maklari</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$13.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$16.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$16.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$18.00</td>
<td>$24.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Leggett &amp; Platt. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Leggett &amp; Platt compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Leggett &amp; Platt's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/LEG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Leggett &amp; Platt analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Leggett &amp; Platt Better</h2>
Leggett &amp; Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett &amp; Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.
<h3>Breaking Down Leggett &amp; Platt's Financial Performance</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Challenges: Leggett &amp; Platt's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -1.63%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Leggett &amp; Platt's net margin is impressive, surpassing industry averages. With a net margin of 2.88%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Leggett &amp; Platt's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.41%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Leggett &amp; Platt's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.68%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.78.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Leggett & Platt Analyst Ratings: What You Need To Know

Goldman Sachs analyst Susan Maklari maintains Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) with a Neutral and lowers the price target from $20 to $14.

Goldman Sachs Maintains Neutral on Leggett & Platt, Lowers Price Target to $14

Leggett & Platt, Incorporated (LEG) Q3 2024 Earnings Call Transcript

Piper Sandler analyst Peter Keith upgraded Leggett & Platt to Neutral from Underweight with a price target of $13, up from $11. Published first on ...

Leggett & Platt upgraded to Neutral from Underweight at Piper Sandler

Leggett & Platt ( ($LEG) ) has realeased its Q3 earnings. Here is a breakdown of the information Leggett & Platt presented to its investors. Legget...

Leggett & Platt Faces Demand Challenges Amid Restructuring

Leggett & Platt ( ($LEG) ) has provided an announcement. The company has updated its Deferred Compensation Program to remove Stock Options as an in...

Leggett & Platt Updates Executive Compensation Program

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Leggett & Platt: A Fair Company At A Wonderful Price

Leggett & Platt declares $0.05 dividend

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Tax Loss Harvesting Strategies Before 2024 Ends - Here Are My Losers I'm Cutting And Winners I'm Adding

Leggett: A Long-Term Player That's Also Relatively Inexpensive

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