Tandy Leather Factory, Inc. (NASDAQ:TLF) Raised to Buy at ValuEngine
Tandy Leather Factory, Inc. (NASDAQ:TLF) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday, July 14th.
Separately, TheStreet upgraded Tandy Leather Factory from a “c+” rating to a “b-” rating in a research note on Monday, March 20th.
Shares of Tandy Leather Factory (NASDAQ TLF) opened at 8.50 on Friday. Tandy Leather Factory has a one year low of $6.85 and a one year high of $9.05. The stock has a 50 day moving average of $8.73 and a 200 day moving average of $8.27. The stock has a market cap of $78.84 million, a P/E ratio of 12.88 and a beta of 1.01.
Tandy Leather Factory (NASDAQ:TLF) last released its earnings results on Wednesday, August 2nd. The textile maker reported $0.11 EPS for the quarter. The firm had revenue of $19.28 million for the quarter. Tandy Leather Factory had a return on equity of 9.76% and a net margin of 6.47%. Equities analysts expect that Tandy Leather Factory will post $0.81 EPS for the current fiscal year.
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In related news, Director Joseph R. Mannes sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $8.75, for a total transaction of $131,250.00. Following the transaction, the director now directly owns 40,265 shares of the company’s stock, valued at approximately $352,318.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director T Field Lange sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $8.39, for a total value of $109,070.00. Following the transaction, the director now directly owns 28,264 shares in the company, valued at $237,134.96. The disclosure for this sale can be found here. 37.19% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Tandy Leather Factory stock. Russell Investments Group Ltd. boosted its position in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,079 shares of the textile maker’s stock after buying an additional 2,115 shares during the period. Russell Investments Group Ltd. owned approximately 0.53% of Tandy Leather Factory worth $437,000 as of its most recent filing with the SEC. 51.74% of the stock is currently owned by institutional investors and hedge funds.
About Tandy Leather Factory
Tandy Leather Factory, Inc is a retailer and a wholesale distributor of a range of leather and related products. The Company’s products include leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also manufactures leather lacing and some of its do-it-yourself kits.
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