Tandy Leather Factory, Inc. (NASDAQ:TLF – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,347 shares, a decrease of 84.4% from the August 15th total of 15,072 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 36,573 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Tandy Leather Factory
A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new position in Tandy Leather Factory in the 2nd quarter valued at about $39,000. George Kaiser Family Foundation bought a new stake in Tandy Leather Factory during the 2nd quarter worth approximately $101,000. Finally, Values First Advisors Inc. increased its holdings in Tandy Leather Factory by 35.8% during the 1st quarter. Values First Advisors Inc. now owns 57,792 shares of the textile maker’s stock worth $134,000 after purchasing an additional 15,233 shares in the last quarter. Institutional investors and hedge funds own 56.41% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tandy Leather Factory in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Tandy Leather Factory has an average rating of “Sell”.
Tandy Leather Factory Trading Up 0.8%
NASDAQ TLF opened at $2.62 on Friday. The company has a fifty day simple moving average of $2.49 and a 200 day simple moving average of $2.41. Tandy Leather Factory has a 12-month low of $2.20 and a 12-month high of $3.36. The company has a market cap of $21.46 million, a P/E ratio of -15.41 and a beta of 0.50.
Tandy Leather Factory (NASDAQ:TLF – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The textile maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). Tandy Leather Factory had a negative return on equity of 3.31% and a negative net margin of 2.14%.The business had revenue of $18.04 million for the quarter, compared to analyst estimates of $23.89 million.
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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