Tandy Leather Factory (NASDAQ:TLF) Shares Down 2.1% – What’s Next?

Tandy Leather Factory, Inc. (NASDAQ:TLF)’s stock price traded down 2.1% during trading on Wednesday . The stock traded as low as $2.24 and last traded at $2.30. 67,483 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 34,081 shares. The stock had previously closed at $2.35.

Wall Street Analyst Weigh In

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

Tandy Leather Factory Price Performance

The firm has a 50 day simple moving average of $2.62 and a 200-day simple moving average of $2.77. The company has a market cap of $18.57 million, a price-to-earnings ratio of 1.92 and a beta of 0.54.

Tandy Leather Factory (NASDAQ:TLF) last posted its earnings results on Tuesday, February 24th. The textile maker reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $22.25 million for the quarter. Tandy Leather Factory had a negative return on equity of 13.60% and a net margin of 13.36%.

Tandy Leather Factory Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were paid a dividend of $0.75 per share.

Institutional Investors Weigh In On Tandy Leather Factory

An institutional investor recently bought a new position in Tandy Leather Factory stock. George Kaiser Family Foundation acquired a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 41,143 shares of the textile maker’s stock, valued at approximately $127,000. George Kaiser Family Foundation owned approximately 0.51% of Tandy Leather Factory at the end of the most recent quarter. 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.