Legacy Housing (LEGH) Receives a Buy from Lake Street

Lake Street analyst Mark Smith maintained a Buy rating on Legacy Housing (LEGH – Research Report) today and set a price target of $27.00. The company’s shares closed yesterday at $21.14.

According to TipRanks, Smith is a 5-star analyst with an average return of 16.9% and a 46.70% success rate. Smith covers the Consumer Cyclical sector, focusing on stocks such as Vista Outdoor, Clarus, and The ONE Group Hospitality.

Legacy Housing has an analyst consensus of Moderate Buy, with a price target consensus of $24.67, representing a 16.70% upside. In a report released today, Wedbush also maintained a Buy rating on the stock with a $25.00 price target.

Based on Legacy Housing’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $33.71 million and a net profit of $7.08 million. In comparison, last year the company earned a revenue of $75.55 million and had a net profit of $19.69 million

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is neutral on the stock.

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Legacy Housing (LEGH) Company Description:

Legacy Housing Corp. engages in the selling, building, and financing manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. Its products include tiny homes, singlewide, doublewide, the ultimate home, oilfield/workforce, and park housing. The company was founded by Curtis Drew Hodgson and Kenny E. Shipley in May 2005 and is headquartered in Dallas, TX.