Legacy Housing (LEGH)
Market Price (9/5/2026): $28.32 | Market Cap: $673.5 MilSector: Consumer Discretionary | Industry: Homebuilding
Legacy Housing (LEGH)
Market Price (9/5/2026): $28.32Market Cap: $673.5 MilSector: Consumer DiscretionaryIndustry: Homebuilding
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 5.7% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 33% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% Low stock price volatilityVol 12M is 36% Megatrend and thematic driversMegatrends include Future of Housing, and Demographic & Societal Shifts. Themes include Affordable Housing Solutions, Modular & Prefabricated Construction, Show more. | Trading close to highsDist 52W High is -3.1%, Dist 3Y High is -3.1% Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -45% | Expensive valuation multiplesP/SPrice/Sales ratio is 3.8x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.6% Key risksLEGH key risks include [1] restrictive zoning ordinances that create substantial barriers to the placement and sale of its homes and [2] vulnerability to market share loss due to intense competition and low customer switching costs. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 5.7% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 33% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Future of Housing, and Demographic & Societal Shifts. Themes include Affordable Housing Solutions, Modular & Prefabricated Construction, Show more. |
| Trading close to highsDist 52W High is -3.1%, Dist 3Y High is -3.1% |
| Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -45% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 3.8x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.6% |
| Key risksLEGH key risks include [1] restrictive zoning ordinances that create substantial barriers to the placement and sale of its homes and [2] vulnerability to market share loss due to intense competition and low customer switching costs. |
Qualitative Assessment
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Legacy Housing (LEGH) stock has gained about 20% since 5/31/2026 because of the following key factors:
1. Legacy Housing reported exceptionally strong financial results for its fiscal Q2 2026, which ended on June 30, 2026. The company's earnings per share (EPS) reached US$0.99, significantly surpassing analyst estimates of US$0.72 by 37.50%. Net revenue for the quarter was $66.3 million, a 32.3% increase year-over-year, and exceeded analyst expectations of $64.08 million. This strong performance also led to a record net income of $23.5 million, up 59.8% from fiscal Q2 2025, and a 57.3% increase in income from operations. Following the release of these results on August 5, 2026, LEGH's stock saw a notable gain of 5.01% in the August 6th trading session.
2. Significant growth in workforce housing deliveries and a robust order book contributed to increased product sales. In fiscal Q2 2026, Legacy Housing commenced deliveries under a large workforce housing order, shipping 113 of the 380 contracted units. This segment experienced substantial growth, with workforce sales increasing 23 times year-over-year to $25.5 million, accounting for 38% of total product sales. The company anticipates completing deliveries for this 380-unit order during the remainder of 2026 and is actively pursuing additional workforce housing opportunities, including those related to data center construction projects.
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Legacy Housing (LEGH) stock has gained about 20% since 5/31/2026 because of the following key factors:
1. Legacy Housing reported exceptionally strong financial results for its fiscal Q2 2026, which ended on June 30, 2026. The company's earnings per share (EPS) reached US$0.99, significantly surpassing analyst estimates of US$0.72 by 37.50%. Net revenue for the quarter was $66.3 million, a 32.3% increase year-over-year, and exceeded analyst expectations of $64.08 million. This strong performance also led to a record net income of $23.5 million, up 59.8% from fiscal Q2 2025, and a 57.3% increase in income from operations. Following the release of these results on August 5, 2026, LEGH's stock saw a notable gain of 5.01% in the August 6th trading session.
2. Significant growth in workforce housing deliveries and a robust order book contributed to increased product sales. In fiscal Q2 2026, Legacy Housing commenced deliveries under a large workforce housing order, shipping 113 of the 380 contracted units. This segment experienced substantial growth, with workforce sales increasing 23 times year-over-year to $25.5 million, accounting for 38% of total product sales. The company anticipates completing deliveries for this 380-unit order during the remainder of 2026 and is actively pursuing additional workforce housing opportunities, including those related to data center construction projects.
3. Legacy Housing maintained a strong financial position, characterized by no debt and healthy cash flow. As of the end of fiscal Q2 2026, the company reported a cash balance of $29 million, representing a 2.4x increase year-over-year, and had no outstanding borrowings on its $50 million credit facility. Operating cash flow for the first half of 2026 reached $24.4 million. The company's management has indicated that share repurchases remain a sensible use of capital, and the loan portfolio maintained high quality with no provisions recorded during the second quarter.
4. Favorable legislative developments provided a tailwind for the manufactured housing industry. In July 2026, the "21st Century ROAD to Housing Act" was signed into law, a development described as "meaningfully favorable" to the industry. This legislative support, coupled with sustained demand within the affordable housing sector and broader challenges in traditional homebuilding such such as labor shortages and rising material costs, created a positive market environment for manufactured home providers like Legacy Housing.
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Stock Movement Drivers
Fundamental Drivers
The 18.3% change in LEGH stock from 5/31/2026 to 9/4/2026 was primarily driven by a 9.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.01 | 28.41 | 18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 163 | 179 | 9.9% |
| Net Income Margin (%) | 26.0% | 28.6% | 9.8% |
| P/E Multiple | 13.5 | 13.2 | -2.1% |
| Shares Outstanding (Mil) | 24 | 24 | 0.1% |
| Cumulative Contribution | 18.3% |
Market Drivers
5/31/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| LEGH | 18.3% | |
| Market (SPY) | 1.8% | 21.1% |
| Sector (XLY) | -4.9% | 35.4% |
Fundamental Drivers
The 29.6% change in LEGH stock from 2/28/2026 to 9/4/2026 was primarily driven by a 21.3% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.92 | 28.41 | 29.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 180 | 179 | -0.6% |
| Net Income Margin (%) | 26.7% | 28.6% | 7.1% |
| P/E Multiple | 10.9 | 13.2 | 21.3% |
| Shares Outstanding (Mil) | 24 | 24 | 0.4% |
| Cumulative Contribution | 29.6% |
Market Drivers
2/28/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| LEGH | 29.6% | |
| Market (SPY) | 12.6% | 40.7% |
| Sector (XLY) | -1.5% | 44.4% |
Fundamental Drivers
The 1.7% change in LEGH stock from 8/31/2025 to 9/4/2026 was primarily driven by a 8.4% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.95 | 28.41 | 1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 184 | 179 | -2.6% |
| Net Income Margin (%) | 30.0% | 28.6% | -4.8% |
| P/E Multiple | 12.2 | 13.2 | 8.4% |
| Shares Outstanding (Mil) | 24 | 24 | 1.1% |
| Cumulative Contribution | 1.7% |
Market Drivers
8/31/2025 to 9/4/2026| Return | Correlation | |
|---|---|---|
| LEGH | 1.7% | |
| Market (SPY) | 20.4% | 26.9% |
| Sector (XLY) | -0.3% | 39.1% |
Fundamental Drivers
The 25.3% change in LEGH stock from 8/31/2023 to 9/4/2026 was primarily driven by a 56.8% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.67 | 28.41 | 25.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 238 | 179 | -24.7% |
| Net Income Margin (%) | 27.6% | 28.6% | 3.6% |
| P/E Multiple | 8.4 | 13.2 | 56.8% |
| Shares Outstanding (Mil) | 24 | 24 | 2.5% |
| Cumulative Contribution | 25.3% |
Market Drivers
8/31/2023 to 9/4/2026| Return | Correlation | |
|---|---|---|
| LEGH | 25.3% | |
| Market (SPY) | 77.1% | 31.6% |
| Sector (XLY) | 37.7% | 36.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LEGH Return | 75% | -28% | 33% | -2% | -21% | 43% | 85% |
| Peers Return | 82% | -31% | 21% | 14% | 4% | 1% | 80% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| LEGH Win Rate | 67% | 50% | 50% | 42% | 33% | 67% | |
| Peers Win Rate | 75% | 32% | 53% | 48% | 43% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| LEGH Max Drawdown | -19% | -54% | -28% | -25% | -34% | -17% | |
| Peers Max Drawdown | -14% | -41% | -25% | -17% | -25% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SKY, CVCO, SUI, ELS, UMH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | LEGH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.9% | -18.8% |
| % Gain to Breakeven | 24.8% | 23.1% |
| Time to Breakeven | 69 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.2% | -9.5% |
| % Gain to Breakeven | 32.0% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -51.8% | -24.5% |
| % Gain to Breakeven | 107.3% | 32.4% |
| Time to Breakeven | 580 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -40.4% | -33.7% |
| % Gain to Breakeven | 67.8% | 50.9% |
| Time to Breakeven | 124 days | 140 days |
In The Past
Legacy Housing's stock fell -19.9% during the 2025 US Tariff Shock. Such a loss loss requires a 24.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | LEGH | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.2% | -9.5% |
| % Gain to Breakeven | 32.0% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -51.8% | -24.5% |
| % Gain to Breakeven | 107.3% | 32.4% |
| Time to Breakeven | 580 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -40.4% | -33.7% |
| % Gain to Breakeven | 67.8% | 50.9% |
| Time to Breakeven | 124 days | 140 days |
In The Past
Legacy Housing's stock fell -19.9% during the 2025 US Tariff Shock. Such a loss loss requires a 24.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Legacy Housing (LEGH)
Legacy Housing Corporation (LEGH) is a vertically integrated company focused on the manufactured housing sector. It specializes in the construction and sale of affordable manufactured homes and tiny houses, offering a variety of floor plans from one to five bedrooms. The company also provides for the transport of these homes, serving as a comprehensive solution for customers seeking factory-built housing.
A significant component of LEGH's business model involves providing diverse financing services. This includes wholesale financing for independent retailers, mobile home parks, and manufactured housing community owners who purchase homes for their rental properties. Additionally, Legacy Housing offers direct consumer financing for individuals buying its products, facilitating accessibility to its housing solutions.
Operating primarily in the southern United States across 15 states, Legacy Housing markets its homes under the "Legacy" brand. Its distribution network comprises over 100 independent and 13 company-owned retail locations, alongside direct sales to owners of manufactured home communities, reaching a broad customer base from individual homeowners to large-scale community developers.
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Here are a few brief analogies to describe Legacy Housing (LEGH):
- They're like Ford or General Motors, but for manufactured homes and tiny houses. They build these specialized homes, sell them through a network of retailers, and also provide various financing options for buyers and dealers.
- Think of them as an integrated manufacturer and finance company for specialized housing, much like a major automaker handles everything from building vehicles to helping customers finance their purchases.
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- Manufactured Homes and Tiny Houses: The company builds and sells a variety of prefabricated housing units, ranging from 1 to 5 bedrooms.
- Wholesale Financing: Legacy Housing provides financing to independent retailers (dealers) and mobile home parks for their inventory purchases.
- Consumer Financing: The company offers direct loans to individual customers for the purchase of its manufactured homes and tiny houses.
- Community Owner Financing: Financing is provided to owners of manufactured housing communities who purchase Legacy Housing products for use in their rental properties.
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Legacy Housing Corporation (LEGH) sells primarily to other companies, which then either resell the homes to individuals or integrate them into their rental operations. The background information provided does not list specific names of these customer companies, but it details the categories of businesses that are its major customers.
Its major business customers fall into the following categories:
- Independent Retailers/Dealers: These are businesses that purchase manufactured homes and tiny houses from Legacy Housing. Legacy provides wholesale financing (floor plan financing) to these retailers, who then sell the homes to individual consumers through their own retail locations.
- Manufactured Housing Community Owners: These companies purchase homes directly from Legacy Housing for placement and use within their rental housing communities. Legacy also offers financing to these community owners for their purchases.
- Mobile Home Parks: Legacy Housing provides wholesale financing to mobile home parks, indicating that these parks are also direct customers who purchase homes from the company for various purposes, potentially including resale or rental within their parks.
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Kenneth E. Shipley
Founder & Interim Chief Executive Officer
Kenneth E. Shipley co-founded Legacy Housing Corporation in 2005 and currently serves as its Interim Chief Executive Officer. Prior to establishing Legacy Housing, he was involved in the manufactured housing industry through ventures such as owning Shipley Brothers Ltd. and Bell Mobile Homes. He also served as a Director at Cavalier Homes, Inc. in 2009. Shipley previously held the role of CEO of Legacy Housing from 2018 to 2022 and then transitioned to Executive Chairman before being re-appointed as interim CEO in October 2025, following the resignation of the previous CEO.
Jon Langbert
Chief Financial Officer
Jon Langbert is the current Chief Financial Officer of Legacy Housing Corporation, as noted in the company's Q4 2025 earnings call on March 13, 2026. This follows a period of transition where Ronald C. Arrington was appointed as interim CFO in October 2025, after Jeffrey M. Fiedelman resigned.
Curtis D. Hodgson
Founder & Executive Chairman of the Board
Curtis D. Hodgson co-founded Legacy Housing Corporation in 2005 alongside Kenneth E. Shipley. He currently serves as the Executive Chairman of the Board. He previously held the role of Co-Chief Executive Officer with Kenneth Shipley until the roles were separated in February 2019, at which point he became Executive Chairman.
Norman Newton
Chief Revenue Officer
Norman Newton was appointed as Legacy Housing Corporation's Chief Revenue Officer in November 2025. In this role, he is responsible for leading the company's revenue strategies and leveraging the integration of the AmeriCasa's FutureHomeX® platform to drive growth and market expansion.
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Legacy Housing (symbol: LEGH) faces several key risks to its business, primarily stemming from operational challenges, market dynamics, and internal control deficiencies.
- Production and Cost Pressures: Legacy Housing is significantly impacted by labor inefficiencies, which continue to constrain its production capacity and ability to meet demand. Coupled with this, rising labor costs and ongoing tariffs on Chinese-sourced inputs add approximately $1,200 per unit, directly affecting the company's cost structures and ultimately reducing gross margins and profitability.
- Financing and Market Demand Risks: The company's commercial segment, which includes sales to mobile home park operators, is experiencing headwinds as these operators scale back capital expenditures due to cost inflation and tighter financing conditions. As Legacy Housing also provides significant consumer and wholesale financing for its products, it is exposed to credit risk where customers' ability to repay loans can be affected by economic conditions.
- Internal Control Weaknesses: An independent auditor issued an adverse opinion on Legacy Housing's internal control over financial reporting as of December 31, 2025, citing material weaknesses. This increases the risk of financial reporting errors and could affect investor confidence in the accuracy of the company's financial statements.
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The clear emerging threat to Legacy Housing is the rapid development and scaling of **3D printed home construction technology**.
Companies are actively developing and deploying 3D-printed homes designed for affordability, speed, and durability, directly competing with the value proposition of traditional manufactured homes. If this technology continues to mature and scale efficiently, it has the potential to offer a superior, faster, and more cost-effective alternative for mass-market affordable housing, potentially rendering traditional manufactured home construction less competitive in the long term.
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Legacy Housing Corporation (LEGH) operates in the manufactured homes and tiny houses markets, primarily in the southern United States. The addressable markets for these products in the U.S. are substantial.
Manufactured Homes Market
The U.S. manufactured homes market size has shown varying but significant valuations across different reports. In 2024, the market was valued between approximately USD 24.451 billion and USD 26.85 billion. Other estimates place the market at around USD 27.28 billion in 2025 and USD 14.6 billion in 2026. Projections indicate continued growth, with the market expected to reach approximately USD 19.8 billion by 2031, USD 37.18 billion by 2029, or as high as USD 45.72 billion by 2035. North America, including the U.S., consistently holds a significant share, with one report indicating North America commands 45% of the global manufactured housing market.
Tiny Houses Market
The market for tiny houses in the U.S. and North America also presents a growing opportunity. The U.S. tiny home market is projected to be around USD 1.42 billion in 2026 and is forecast to reach USD 1.79 billion by 2031. Globally, the tiny homes market was valued at approximately USD 5.95 billion in 2024 and is expected to grow to USD 8.20 billion by 2033. North America is a dominant region in this market, accounting for an estimated 54.3% of the global market share in 2024, or 42.5% of the global market with the U.S. comprising 81.7% of the North American share in 2024, translating to an approximate U.S. market value of USD 2.02 billion in 2024. Some reports project the U.S. tiny home market to increase from USD 20.16 billion in 2025 to USD 25.73 billion by 2030.
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Here are 3-5 expected drivers of future revenue growth for Legacy Housing (LEGH) over the next 2-3 years:
- Expansion of Financing Solutions: Legacy Housing's strategy includes the continued expansion of its financing solutions for customers. This approach is designed to boost home sales and generate a consistent stream of recurring interest and servicing income. In 2025, the consumer loan portfolio saw significant growth, increasing by 14%.
- Focus on Workforce Housing and Data Center Opportunities: Company executives have indicated a strategic shift towards targeting the workforce housing market as a promising area for growth. Legacy Housing offers various floorplans and homes specifically designed for workforce communities, which provides housing solutions for personnel near work sites. The company is also exploring opportunities in the data center sector.
- Growth of Company-Owned Retail Locations and Enhanced Sales Technology: Legacy Housing is actively working to accelerate revenue growth through a three-pronged approach that includes expanding its network of company-owned retail locations. The company also aims to increase sales volume through its company-owned stores and affiliates by leveraging advanced technology and sales support. Retail store sales increased by 12.7% in 2025. The acquisition of AmeriCasa Solutions LLC in late 2025 further expanded the company's distribution and financing capabilities in Texas, incorporating the FutureHomeX® Platform to enhance the homebuying experience and drive sales growth.
- New Product Initiatives and Features (Legacy 250 Initiative / Legacy Ultimate Series): In October 2025, Legacy Housing launched the "Legacy 250 initiative," which features redesigned manufactured homes aimed at delivering the "American Dream." These homes include modern floorplans and innovative features such as taller roof pitches, wider floors, vaulted ceilings, and an optional 8x12 shed storage module. The "Legacy Ultimate Series" was introduced as part of this initiative, with 2026 models designed to celebrate the nation's 250th anniversary. These new products and enhanced features are expected to attract customers and drive sales.
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Share Repurchases
- In 2025, Legacy Housing repurchased 346,406 shares of common stock for $7.6 million.
- The company's Board of Directors authorized a share repurchase program of up to $10.0 million in November 2022.
- An additional $10.0 million in share repurchases was authorized on August 6, 2024, with all repurchase programs expiring by October 31, 2025.
Share Issuance
- Legacy Housing's Chief Financial Officer received a grant of employee stock options for 25,189 shares of common stock on December 19, 2025, with an exercise price of $19.85 per share.
- The number of shares outstanding for Legacy Housing slightly decreased by 1.18% in 2025 and 0.97% in 2024.
Outbound Investments
- Legacy Housing completed the acquisition of certain assets of AmeriCasa Solutions LLC for $19.9 million, effective November 1, 2025.
- This acquisition aimed to expand the company's retail, financing, and SaaS capabilities, particularly in Texas.
Capital Expenditures
- Capital expenditures were approximately $9.0 million in 2025.
- The company reported capital expenditures of $9.2 million in 2024 and $7.7 million in 2023.
- These expenditures are focused on property, plant, equipment, and development, including significant projects such as the "super project in Austin."
Peer Outperformance in Homebuilding
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -15.8% | 96.8% | 67.7% | LINC 310% · CVSA 245% · PRDO 227% |
| Homebuilding ← | 18 | -9.7% | 22.2% | 39.7% | GRBK 188% · PHM 144% · TOL 134% |
| Automotive Retail | 18 | -16.2% | 16.7% | 17.3% | MUSA 233% · PAG 183% · ORLY 125% |
| Hotels, Resorts & Cruise Lines | 22 | 13.3% | 53.0% | 11.0% | RCL 243% · MAR 164% · HLT 156% |
| Home Improvement Retail | 5 | -21.1% | -5.8% | 9.4% | HVT 12% · HD 10% · LOW 9% |
| Specialty Stores | 7 | -4.4% | 33.4% | 6.8% | FIVE 30% · DKS 12% · SIG 9% |
| Distributors | 4 | -7.7% | -22.4% | -5.8% | ARMK 144% · GPC 31% · LKQ -42% |
| Home Furnishings | 4 | -5.3% | 26.1% | -12.2% | SGI 61% · LZB 7% · MHK -31% |
| Specialized Consumer Services | 10 | -11.7% | 36.9% | -14.1% | HRB 125% · FTDR 89% · SCI 40% |
| Restaurants | 34 | -9.9% | -12.5% | -14.5% | EAT 347% · CAKE 166% · RAVE 141% |
| Footwear | 9 | 48.3% | 38.3% | -15.9% | WEYS 161% · DECK 26% · SHOO 23% |
| Apparel Retail | 25 | -4.1% | 12.1% | -25.4% | ANF 330% · DXLG 213% · URBN 151% |
| Leisure Products | 13 | -16.0% | -19.5% | -32.5% | GOLF 86% · HAS 14% · MCFT -10% |
| Leisure Facilities | 11 | 2.1% | -10.8% | -33.5% | OSW 126% · JAKK 91% · ESCA 16% |
| Casinos & Gaming | 20 | -11.0% | -23.9% | -34.0% | MCRI 110% · RSI 72% · RRR 55% |
| Automotive Parts & Equipment | 38 | -15.5% | -3.4% | -34.1% | MOD 1479% · GTX 299% · STRT 98% |
| Apparel, Accessories & Luxury Goods | 27 | -3.9% | -7.2% | -39.3% | TPR 242% · RL 238% · ELA 219% |
| Household Appliances | 18 | 10.9% | 42.3% | -43.2% | KEQU 179% · FLXS 164% · HBB 113% |
| Broadline Retail | 14 | 1.6% | 20.5% | -50.4% | DDS 319% · AMZN 49% · EBAY 48% |
| Computer & Electronics Retail | 3 | -14.3% | -0.4% | -60.8% | BBY 0% · UPBD -61% · GME -62% |
| Automobile Manufacturers | 8 | -61.5% | -46.3% | -70.1% | GM 88% · F 55% · TSLA 45% |
| Other Specialty Retail | 18 | -25.1% | -45.4% | -76.6% | TLF 109% · BBW 101% · WINA 78% |
| Consumer Electronics | 11 | 4.5% | -8.9% | -80.7% | AXIL 2336% · GRMN 74% · MSN -56% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 75.09 |
| Mkt Cap | 4.6 |
| Rev LTM | 1,830 |
| Op Inc LTM | 227 |
| FCF LTM | 250 |
| FCF 3Y Avg | 199 |
| CFO LTM | 294 |
| CFO 3Y Avg | 238 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.9% |
| Rev Chg 3Y Avg | 3.9% |
| Rev Chg Q | 6.1% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | 1.8% |
| Op Inc Chg 3Y Avg | -3.9% |
| Op Mgn LTM | 18.8% |
| Op Mgn 3Y Avg | 19.3% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 30.8% |
| CFO/Rev 3Y Avg | 27.0% |
| FCF/Rev LTM | 22.3% |
| FCF/Rev 3Y Avg | 17.3% |
Price Behavior
| Market Price | $28.41 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 12/14/2018 | |
| Distance from 52W High | -3.1% | |
| 50 Days | 200 Days | |
| DMA Price | $27.25 | $22.84 |
| DMA Trend | up | up |
| Distance from DMA | 4.2% | 24.4% |
| 3M | 1YR | |
| Volatility | 28.5% | 35.6% |
| Downside Capture | -1.88 | 73.74 |
| Upside Capture | 78.90 | 59.09 |
| Correlation (SPY) | 19.9% | 27.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.97 | 0.76 | 0.44 | 1.06 | 0.75 | 0.75 |
| Up Beta | 1.69 | 0.56 | 0.41 | 1.39 | 1.15 | 0.89 |
| Down Beta | 2.40 | 1.19 | 0.43 | 0.61 | 0.57 | 0.43 |
| Up Capture | 84% | 95% | 82% | 128% | 51% | 50% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 22 | 35 | 65 | 120 | 357 |
| Down Capture | -41% | 49% | 10% | 92% | 82% | 96% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 8 | 18 | 27 | 60 | 127 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEGH | |
|---|---|---|---|---|
| LEGH | 0.7% | 35.6% | 0.08 | - |
| Sector ETF (XLY) | -1.7% | 19.4% | -0.21 | 38.7% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 26.6% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 10.4% |
| Commodities (DBC) | 44.1% | 20.4% | 1.69 | -29.6% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 43.0% |
| Bitcoin (BTCUSD) | -26.9% | 43.8% | -0.59 | 11.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEGH | |
|---|---|---|---|---|
| LEGH | 8.4% | 41.3% | 0.31 | - |
| Sector ETF (XLY) | 5.6% | 24.1% | 0.19 | 36.7% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 34.3% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 7.5% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | -1.8% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 36.4% |
| Bitcoin (BTCUSD) | 10.6% | 52.6% | 0.38 | 15.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEGH | |
|---|---|---|---|---|
| LEGH | 9.2% | 43.7% | 0.41 | - |
| Sector ETF (XLY) | 12.1% | 22.2% | 0.50 | 38.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 37.3% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 6.9% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 7.5% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 36.6% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 15.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/18/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | 7.9% | 5.0% | 11.2% |
| 11/7/2025 | -6.0% | -11.7% | -8.3% |
| 11/14/2024 | -1.3% | -3.6% | -3.2% |
| 8/13/2024 | -1.3% | -0.2% | 5.2% |
| 5/14/2024 | 1.0% | -0.6% | -2.0% |
| 8/11/2023 | -3.0% | -3.2% | -5.2% |
| 5/11/2023 | -1.1% | -4.6% | -6.5% |
| 3/20/2023 | 1.9% | 2.1% | 2.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 5 | 6 |
| # Negative | 8 | 10 | 9 |
| Median Positive | 1.5% | 2.1% | 3.7% |
| Median Negative | -1.9% | -3.4% | -4.9% |
| Max Positive | 7.9% | 5.6% | 11.2% |
| Max Negative | -6.0% | -11.7% | -8.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | 7.9% | 5.0% | 11.2% |
| 11/7/2025 | -6.0% | -11.7% | -8.3% |
| 11/14/2024 | -1.3% | -3.6% | -3.2% |
| 8/13/2024 | -1.3% | -0.2% | 5.2% |
| 5/14/2024 | 1.0% | -0.6% | -2.0% |
| 8/11/2023 | -3.0% | -3.2% | -5.2% |
| 5/11/2023 | -1.1% | -4.6% | -6.5% |
| 3/20/2023 | 1.9% | 2.1% | 2.2% |
| 11/14/2022 | 1.5% | 0.8% | 10.8% |
| 9/27/2022 | 0.4% | 5.6% | 2.1% |
| 11/12/2021 | 1.6% | -0.2% | -0.5% |
| 8/11/2021 | 0.1% | -3.6% | 1.3% |
| 5/14/2021 | -2.7% | -1.8% | -4.9% |
| 3/19/2021 | -1.7% | 0.6% | -1.6% |
| 8/18/2020 | -2.2% | -3.8% | -7.0% |
| SUMMARY STATS | |||
| # Positive | 7 | 5 | 6 |
| # Negative | 8 | 10 | 9 |
| Median Positive | 1.5% | 2.1% | 3.7% |
| Median Negative | -1.9% | -3.4% | -4.9% |
| Max Positive | 7.9% | 5.6% | 11.2% |
| Max Negative | -6.0% | -11.7% | -8.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 09/23/2022 | 10-Q |
| 03/31/2022 | 09/12/2022 | 10-Q |
| 12/31/2021 | 08/03/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/17/2021 | 10-K |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 05/15/2020 | 10-Q |
| 12/31/2019 | 03/30/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
Investor Activity (13F)
Updated Sep 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Homebuilding Resources |
| Builder Online |
| Professional Builder |
| HousingWire |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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