Tandy Leather Factory, Inc. (NASDAQ:TLF) Upgraded by ValuEngine to Buy
Tandy Leather Factory, Inc. (NASDAQ:TLF) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.
Separately, TheStreet raised 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) traded up 2.27% during midday trading on Friday, hitting $9.00. 421 shares of the stock were exchanged. The stock has a market cap of $83.48 million, a P/E ratio of 13.64 and a beta of 1.01. The firm’s 50 day moving average price is $8.52 and its 200-day moving average price is $8.13. Tandy Leather Factory has a 52-week low of $6.85 and a 52-week high of $9.05.
Tandy Leather Factory (NASDAQ:TLF) last posted its earnings results on Wednesday, May 3rd. The textile maker reported $0.13 EPS for the quarter. Tandy Leather Factory had a return on equity of 11.53% and a net margin of 7.42%. The company had revenue of $20.15 million for the quarter. On average, equities research analysts expect that Tandy Leather Factory will post $0.81 earnings per share for the current fiscal year.
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In other Tandy Leather Factory news, Director James C. Pappas bought 6,824 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were bought at an average price of $8.43 per share, for a total transaction of $57,526.32. Following the transaction, the director now owns 1,801 shares of the company’s stock, valued at approximately $15,182.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 owns 28,264 shares in the company, valued at approximately $237,134.96. The disclosure for this sale can be found here. 37.19% of the stock is currently owned by insiders.
Tandy Leather Factory Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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