Tandy Leather Factory (NASDAQ:TLF – Get Free Report) posted its quarterly earnings data on Tuesday. The textile maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06), FiscalAI reports. The company had revenue of $18.04 million for the quarter, compared to the consensus estimate of $23.89 million. Tandy Leather Factory had a negative return on equity of 4.31% and a negative net margin of 2.94%.
Tandy Leather Factory Stock Performance
Shares of TLF stock remained flat at $2.42 on Tuesday. The company had a trading volume of 2,267 shares, compared to its average volume of 39,754. Tandy Leather Factory has a twelve month low of $2.20 and a twelve month high of $3.52. The company has a market capitalization of $19.70 million, a PE ratio of -10.08 and a beta of 0.47. The stock’s 50 day moving average is $2.37 and its 200 day moving average is $2.47.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund 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 – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned about 0.15% of Tandy Leather Factory at the end of the most recent quarter. 56.41% of the stock is currently owned by institutional investors and hedge funds.
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.
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