Stock Worth Mentioning Today: Tandy Leather Factory Inc Stock Rise in Q2 2016 Driven by Institutional Investors

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Stock Worth Mentioning Today: Tandy Leather Factory Inc Stock Rise in  Q2 2016 Driven by Institutional Investors

Sentiment for Tandy Leather Factory Inc (NASDAQ:TLF)

Tandy Leather Factory Inc (NASDAQ:TLF) institutional sentiment decreased to 0.73 in 2016 Q2. Its down -0.67, from 1.4 in 2016Q1. The ratio has worsened, as 8 hedge funds increased or started new stock positions, while 11 sold and decreased their stock positions in Tandy Leather Factory Inc. The hedge funds in our partner’s database now have: 6.09 million shares, down from 6.37 million shares in 2016Q1. Also, the number of hedge funds holding Tandy Leather Factory Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 3 Reduced: 8 Increased: 5 New Position: 3.

Tandy Leather Factory, Inc. is a retailer and a wholesale distributor of a range of leather and related products. The company has a market cap of $66.73 million. 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. It has a 10.08 P/E ratio. The Firm also makes leather lacing and some of its do-it-yourself kits.

It is up 1.43% since April 14, 2016 and is uptrending. It has underperformed by 3.26% the S&P500.

According to Zacks Investment Research, “Tandy Leather Factory, Inc., headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products as The Leather Factory through its wholesale distribution centers and as Tandy Leather Company through its retail stores.”

Bandera Partners Llc holds 13.36% of its portfolio in Tandy Leather Factory, Inc. for 2.86 million shares. Central Square Management Llc owns 684,752 shares or 6.92% of their US portfolio. Moreover, Beddow Capital Management Inc has 0.94% invested in the company for 317,125 shares. The Minnesota-based Punch & Associates Investment Management Inc. has invested 0.19% in the stock. North Star Investment Management Corp., a Illinois-based fund reported 93,175 shares.#img1#

TLF Company Profile

Tandy Leather Factory, Inc., incorporated on April 26, 1994, 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 Firm also makes leather lacing and some of its do-it-yourself kits. The Firm operates through three divisions: Wholesale Leathercraft, Retail Leathercraft and International Leathercraft. The Wholesale Leathercraft segment consists of a chain of wholesale stores operating under the name, The Leather Factory, located in North America. The Retail Leathercraft segment consists of a chain of retail stores operating under the name, Tandy Leather Company, located in North America. The International Leathercraft segment sells to both wholesale and retail customers. The Firm has stores located in the United Kingdom, Australia and Spain.

More notable recent Tandy Leather Factory, Inc. (NASDAQ:TLF) news were published by: Finance.Yahoo.com which released: “Tandy Leather Factory, Inc. Reports September 2016 Sales Down 5% Compared to …” on October 06, 2016, also Globenewswire.com with their article: “Tandy Leather Factory, Inc. Announces Resignation of CEO Jon Thompson” published on February 09, 2016, Seekingalpha.com published: “Tandy Leather Factory’s (TLF) CEO Shannon Greene on Q2 2016 Results – Earnings …” on August 10, 2016. More interesting news about Tandy Leather Factory, Inc. (NASDAQ:TLF) were released by: Finance.Yahoo.com and their article: “Tandy Leather Factory Reports October 2016 Sales Down 5% with One Less Selling Day” published on November 03, 2016 as well as Seekingalpha.com‘s news article titled: “Opportunity For Activism At Tandy Leather” with publication date: December 12, 2015.

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By Marie Mckinney


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