James C. Pappas Acquires 5,000 Shares of Tandy Leather Factory, Inc. (TLF) Stock
Tandy Leather Factory, Inc. (NASDAQ:TLF) Director James C. Pappas bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $8.30 per share, for a total transaction of $41,500.00. Following the purchase, the director now directly owns 1,801 shares of the company’s stock, valued at $14,948.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Tandy Leather Factory, Inc. (TLF) remained flat at $8.25 during midday trading on Thursday. The stock had a trading volume of 15,511 shares. The firm has a 50 day moving average of $8.58 and a 200 day moving average of $8.34. Tandy Leather Factory, Inc. has a 12-month low of $6.85 and a 12-month high of $9.05. The stock has a market capitalization of $76.48 million, a PE ratio of 14.27 and a beta of 1.01.
Tandy Leather Factory (NASDAQ:TLF) last posted its quarterly earnings results on Wednesday, August 2nd. The textile maker reported $0.11 earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts forecast that Tandy Leather Factory, Inc. will post $0.81 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. ZPR Investment Management bought a new stake in Tandy Leather Factory during the second quarter worth about $167,000. Dimensional Fund Advisors LP raised its stake in shares of Tandy Leather Factory by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 495,101 shares of the textile maker’s stock valued at $4,406,000 after buying an additional 3,927 shares during the period. LSV Asset Management raised its stake in shares of Tandy Leather Factory by 19.6% in the second quarter. LSV Asset Management now owns 26,200 shares of the textile maker’s stock valued at $233,000 after buying an additional 4,300 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Tandy Leather Factory by 4.5% in the second quarter. Russell Investments Group Ltd. now owns 49,079 shares of the textile maker’s stock valued at $437,000 after buying an additional 2,115 shares during the period. 52.05% of the stock is currently owned by institutional investors.
Separately, ValuEngine lowered Tandy Leather Factory from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
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.
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