Tandy Leather Factory (NASDAQ:TLF) Issues Earnings Results

Tandy Leather Factory (NASDAQ:TLF) issued its quarterly earnings results on Monday. The textile maker reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. Tandy Leather Factory had a negative return on equity of 13.60% and a net margin of 13.36%.The firm had revenue of $19.65 million during the quarter.

Tandy Leather Factory Stock Down 1.6%

Shares of TLF traded down $0.04 during mid-day trading on Monday, reaching $2.39. The company’s stock had a trading volume of 19,036 shares, compared to its average volume of 42,227. The business has a fifty day moving average of $2.35 and a 200 day moving average of $2.68. The company has a market cap of $19.45 million, a price-to-earnings ratio of 1.99 and a beta of 0.49. Tandy Leather Factory has a 1 year low of $2.21 and a 1 year high of $3.78.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Tandy Leather Factory from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tandy Leather Factory has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tandy Leather Factory stock. NewEdge Advisors LLC purchased a new stake in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 0.15% of Tandy Leather Factory at the end of the most recent quarter. Hedge funds and other institutional investors own 56.41% of the company’s stock.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. It operates through North America and International geographical segments. The North America geographical segment consists of 115 stores, which offer a broad selection of products combined with leathercraft expertise in a one-stop shop. The International geographical segment comprises of similar to North America segment but generally located in light industrial areas.