Tandy Leather Factory (NASDAQ:TLF) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.41 and traded as high as $2.78. Tandy Leather Factory shares last traded at $2.68, with a volume of 20,999 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 a consensus rating of “Sell”.

Tandy Leather Factory Stock Up 1.1%

The stock has a fifty day moving average price of $2.52 and a 200-day moving average price of $2.41. The firm has a market cap of $21.95 million, a price-to-earnings ratio of -15.76 and a beta of 0.50.

Tandy Leather Factory (NASDAQ:TLF) last posted its quarterly earnings data on Tuesday, August 11th. The textile maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The firm had revenue of $18.04 million during the quarter, compared to analysts’ expectations of $23.89 million. Tandy Leather Factory had a negative net margin of 2.14% and a negative return on equity of 3.31%.

Institutional Investors Weigh In On Tandy Leather Factory

An institutional investor recently raised its stake in Tandy Leather Factory stock. Values First Advisors Inc. lifted its stake in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) by 35.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,792 shares of the textile maker’s stock after purchasing an additional 15,233 shares during the quarter. Values First Advisors Inc. owned about 0.72% of Tandy Leather Factory worth $134,000 at the end of the most recent quarter. 56.41% of the stock is owned by institutional investors and hedge funds.

About Tandy Leather Factory

Tandy Leather Factory, Inc is a specialty retailer and supplier of leathercraft materials, tools and accessories. The company serves hobbyists, artisans, small businesses and other customers involved in leatherworking and related crafts.

Its product range includes leather hides and sides, leatherworking tools, hardware, dyes, finishes, adhesives, patterns, kits and instructional materials. Tandy also offers supplies for projects such as belts, bags, wallets, footwear, saddles and other handcrafted goods.

The company sells its products through a network of retail stores and e-commerce channels, primarily serving customers in the United States and Canada.