Tandy Leather Factory (NASDAQ:TLF) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Tandy Leather Factory (NASDAQ:TLF) issued its quarterly earnings data on Monday. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. Tandy Leather Factory had a negative return on equity of 13.60% and a net margin of 13.36%.The company had revenue of $19.65 million during the quarter, compared to analyst estimates of $23.89 million.

Tandy Leather Factory Stock Down 1.6%

Shares of TLF opened at $2.39 on Tuesday. Tandy Leather Factory has a fifty-two week low of $2.21 and a fifty-two week high of $3.78. The firm’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.67. The company has a market cap of $19.46 million, a P/E ratio of 1.99 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Tandy Leather Factory from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tandy Leather Factory currently has an average rating of “Sell”.

Institutional Investors Weigh In On Tandy Leather Factory

A hedge fund recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC bought a new position in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 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.