Tandy Leather Factory (NASDAQ:TLF) Issues Earnings Results

Tandy Leather Factory (NASDAQ:TLF) posted its quarterly earnings results on Tuesday. The textile maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06), FiscalAI reports. Tandy Leather Factory had a negative return on equity of 3.25% and a negative net margin of 2.14%.The company had revenue of $18.04 million during the quarter, compared to analyst estimates of $23.89 million.

Tandy Leather Factory Trading Up 1.2%

Shares of TLF stock traded up $0.03 on Thursday, reaching $2.52. The company’s stock had a trading volume of 12,233 shares, compared to its average volume of 39,917. Tandy Leather Factory has a 1 year low of $2.20 and a 1 year high of $3.48. The company has a market capitalization of $20.51 million, a price-to-earnings ratio of -14.82 and a beta of 0.47. The stock’s fifty day simple moving average is $2.37 and its 200-day simple moving average is $2.47.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC purchased a new stake in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned approximately 0.15% of Tandy Leather Factory as of its most recent SEC filing. Institutional investors own 56.41% of the company’s stock.

About Tandy Leather Factory

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.