TheStreet upgraded shares of Tandy Leather Factory (NASDAQ:TLF) from a c rating to a b- rating in a research report sent to investors on Wednesday.

NASDAQ:TLF opened at $7.31 on Wednesday. The company has a quick ratio of 2.94, a current ratio of 8.28 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $68.19, a PE ratio of 14.33 and a beta of 0.80. Tandy Leather Factory has a 1-year low of $6.79 and a 1-year high of $9.05.

Tandy Leather Factory (NASDAQ:TLF) last posted its quarterly earnings data on Wednesday, March 7th. The textile maker reported $0.22 earnings per share for the quarter. The business had revenue of $24.50 million during the quarter. Tandy Leather Factory had a net margin of 5.41% and a return on equity of 8.34%. research analysts anticipate that Tandy Leather Factory will post 0.66 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Tandy Leather Factory stock. Bessemer Group Inc. purchased a new position in shares of Tandy Leather Factory (NASDAQ:TLF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the textile maker’s stock, valued at approximately $109,000. Bessemer Group Inc. owned about 0.15% of Tandy Leather Factory as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 53.06% of the company’s stock.

About Tandy Leather Factory

Tandy Leather Factory, Inc operates as a retailer and wholesale distributor of a range of leather and leathercraft related items. It operates through two segments, North America and International. The company offers leather, quality tools, hardware, accessories, liquids, lace, kits, open workbenches, and teaching materials.

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