Leggett & Platt Inc. (LEG): Today's Featured Consumer Durables Loser

Leggett & Platt ( LEG) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables loser. The industry as a whole closed the day down 0.8%. By the end of trading, Leggett & Platt fell 18 cents (-0.9%) to $19.89 on average volume. Throughout the day, 1.6 million shares of Leggett & Platt exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $19.75-$20.16 after having opened the day at $20.15 as compared to the previous trading day's close of $20.07. Other company's within the Consumer Durables industry that declined today were: Mad Catz Interactive ( MCZ), down 9.1%, Chromcraft Revington ( CRC), down 9%, Stanley Furniture Company ( STLY), down 4.6%, and Hooker Furniture Corporation ( HOFT), down 4.4%.

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. Leggett & Platt has a market cap of $2.86 billion and is part of the consumer goods sector. The company has a P/E ratio of 19.6, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 12.9% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Leggett & Platt a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Leggett & Platt as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Industrie Natuzzi ( NTZ), up 3.5%, Marine Products Corporation ( MPX), up 3.1%, Leapfrog ( LF), up 3%, and Cobra Electronics Corporation ( COBR), up 2.3%, were all gainers within the consumer durables industry with Koninklijke Philips Electronics ( PHG) being today's featured consumer durables industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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