Tandy Brands Accessories, Inc. (TBAC) news stock charts
Tandy Brands Accessories, Inc. (TBAC) Investment Summary:
We are a leading designer and marketer of branded men’s, women’s and children’s
accessories, including belts, small leather goods, and gift accessories. Our
product line also includes handbags, sporting goods, and neckwear. Our
merchandise is marketed under a broad portfolio of nationally recognized
licensed and proprietary brand names, including DOCKERS®, LEVI’S®, LEVI STRAUSS
SIGNATURE™, JONES NEW YORK®, TOTES®, ROLFS®, HAGGAR®, WOOLRICH®, CANTERBURY®,
PRINCE GARDNER®, PRINCESS GARDNER®, AMITY®, COLETTA®, STAGG®, ACCESSORY DESIGN
GROUP®, TIGER®, ETON®, SURPLUS®, EILEEN WEST™, GOODYEAR™, GENO D’LUCCA™, as well
as private brands for major retail customers. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f09%2f21%2f0000950134-07-020326.html#FIS_BUSINESS"
www.tandybrands.com
527 Employees
Founded in 1990
TANDY BRANDS ACCESSORIES INC (TBAC:NASDAQ)
As of 8:10 PM 03/12/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of TANDY BRANDS ACCESSORIES INC (TBAC)
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OPEN
$3.49
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PREVIOUS CLOSE
$3.50
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DAY HIGH
$3.67
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DAY LOW
$3.49
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52 WEEK HIGH
10/27/09 - $4.61
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52 WEEK LOW
03/16/09 - $1.45
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MARKET CAP
25.2M
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AVERAGE VOLUME 10 D
13.6K
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EPS TTM
$-0.39
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SHARES OUTSTANDING
6.9M
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EX-DATE
12/12/09
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions |
Key developments for TANDY BRANDS ACCESSORIES INC (TBAC)
Tandy Brands Accessories, Inc. Reports Unaudited Consolidated Financial Results for the Second Fiscal Quarter and Six Months Ended December 31, 2009 ; Reiterates its Earnings Outlook for Full Year of Fiscal 2010
02/11/2010
Tandy Brands Accessories Inc. reported unaudited consolidated financial results for the second fiscal quarter and six months ended December 31, 2009. The company reported net sales of $48.4 million for the fiscal 2010 quarter ended December 31, 2009, a 13% increase over net sales of $42.9 million for the second quarter of fiscal 2009. The company also reported earnings before interest, taxes, depreciation and amortization, and certain acquisition related items (Adjusted EBITDA) of $3.6 million for the fiscal 2010 second quarter, compared to $1.8 million in fiscal 2009. The company reported net income of $6.8 million, or $0.95 per diluted share, for the quarter ended December 31, 2009 against $1.0 million or $0.14 per diluted share for same period a year ago. Operating income for the period was $2.6 million against $1.2 million for same period a year ago. Income before taxes for the period was $2.5 million against $1.1 million for same period a year ago. In fiscal 2009, the company reported second quarter net income of $952,000, or $0.14 per share.
In addition to posting healthy gains in Adjusted EBITDA, the company's fiscal 2010 net income includes a pretax gain of $339,000 associated with the sale of a warehouse in Yoakum, Texas, and an income tax benefit of $4.4 million from recognizing net operating loss carrybacks as a result of recent tax law changes.
Excluding these items, the company reported adjusted net income of $2.0 million, or $0.28 per diluted share, for the quarter ended December 31, 2009.
For the six months of fiscal 2010, the company reported net sales of $85.5 million, a 10% increase over net sales of $77.6 million in the first six months of fiscal 2009. The company reported Adjusted EBITDA of $4.7 million for the first six months of fiscal 2010 compared to Adjusted EBITDA of $1.4 million for the first six months of fiscal 2009, an improvement of $3.3 million. Net income for the first six months of fiscal 2010 was $7.9 million, or $1.11 per diluted share, compared to a net loss of $328,000, or $0.05 loss per share, for the first six months of fiscal 2009. The fiscal 2010 results include $4.8 million from asset sales and the income tax carrybacks referenced above and a bargain purchase gain of $1.4 million associated with the acquisition of certain assets of the Chambers Belt Company in July 2009. Excluding these items, the company reported adjusted net income of $2.2 million, or $0.31 per diluted share. Operating income for the period was $2.6 million against $0.2 millon for same period a year ago. Income before taxes for the period was $3.7 million against $17,000 for same period a year ago. For fiscal 2010, the company reiterated its guidance of 8% to 12% sales growth with improvements in profitability compared to year-ago results.
Tandy Brands Accessories Inc. to Report Q2, 2010 Results on 02/11/2010
02/4/2010
Tandy Brands Accessories Inc. announced that they will report Q2, 2010 results on 02/11/2010
Tandy Brands Accessories Inc., Q2 2010 Earnings Call, Feb-11-2010
02/4/2010
Tandy Brands Accessories Inc., Q2 2010 Earnings Call, Feb-11-2010
Tandy Brands Accessories, Inc. financial resources
TBAC Competitors
| Company |
Last |
Change |
| Fossil Inc |
$38.73 USD |
-0.20 |
| Perry Ellis International Inc |
$21.82 USD |
+0.39 |
| Phoenix Footwear Group Inc |
$0.50 USD |
0.00 |
| Swank Inc |
$2.90 USD |
0.00 |
|
| Market data is delayed at least 15 minutes. |
Industry Analysis
| Valuation |
TBAC |
Industry Range |
| Price/Earnings |
NM |
Not Meaningful
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| Price/Sales |
0.2x |
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| Price/Book |
0.5x |
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| Price/Cash Flow |
NM |
Not Meaningful
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| TEV/Sales |
0.1x |
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TBAC transactions
Type
Date |
Target |
| No transactions in the last 6 months. |
More Recent Financial News About Tandy Brands Accessories, Inc.
Tandy shuts down Texas distribution center
2010-02-26 01:55:25
Quote: DALLAS (AP) -- Tandy Brands will close a Texas distribution center and office as the leather goods maker cuts down on costs.Employees at the Yoakum facility southwest of Houston will be offered severance or they can apply at an expanded distribution center and headquarters in Dallas, about 275 miles to the north, the company said."Given we have successfully shifted our business model from product manufacturing to international sourcing, Yoakum is no longer an efficient hub for our distribution,"...
Read articleTandy shuts down Texas distribution center
2010-02-15 07:50:31
Quote: DALLAS (AP) -- Tandy Brands will close a Texas distribution center and office as the leather goods maker cuts down on costs.Employees at the Yoakum facility southwest of Houston will be offered severance or they can apply at an expanded distribution center and headquarters in Dallas, about 275 miles to the north, the company said."Given we have successfully shifted our business model from product manufacturing to international sourcing, Yoakum is no longer an efficient hub for our distribution,"...
Read articleTandy Announces Consolidation of Distribution Operations
2010-02-15 07:50:31
Quote: Read articleTandy Reports Fiscal 2010 Second Quarter Earnings Results
2010-02-15 07:50:30
Quote: Read articleTandy to Release Second Quarter Results on February 11
2010-02-15 07:50:30
Quote: Read articleTandy Reports Fiscal 2010 Second Quarter Earnings Results
2010-02-12 01:23:21
Quote: Read articleTANDY BRANDS ACCESSORIES INC Files SEC form 8-K, Results of Operations and Financial Condition
2010-02-12 01:23:20
Quote: TANDY BRANDS ACCESSORIES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
TANDY BRANDS ACCESSORIES INC
11-Feb-2010Results of Operations and Financial ConditionPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent providers is liable for any i...
Read articleTandy to Release Second Quarter Results on February 11
2010-02-05 06:10:49
Quote: Read articleTANDY BRANDS ACCESSORIES INC Files SEC form 8-K, Costs Associated with Exit or Disposal Activities, Financial Stateme
2010-02-05 06:10:49
Quote: Item 2.05 Costs Associated with Exit or Disposal Activities.
On February 1, 2010, Tandy Brands Accessories, Inc. (the "Company") announced a
plan to close its distribution facility and office located in Yoakum, Texas and
consolidate its distribution operations into the Company's distribution center
located in Dallas, Texas (the "Consolidation"). The Company plans to complete
the Consolidation by May 2010. The Company expects the Consolidation to improve
customer service, inc...
Read articleTandy shuts down Texas distribution center
2010-02-03 02:28:31
Quote: DALLAS (AP) -- Tandy Brands will close a Texas distribution center and office as the leather goods maker cuts down on costs.Employees at the Yoakum facility southwest of Houston will be offered severance or they can apply at an expanded distribution center and headquarters in Dallas, about 275 miles to the north, the company said."Given we have successfully shifted our business model from product manufacturing to international sourcing, Yoakum is no longer an efficient hub for our distribution,"...
Read articleTandy Announces Consolidation of Distribution Operations
2010-02-02 01:21:00
Quote: Read articleTandy Announces Fiscal 2010 First Quarter Results
2010-01-28 02:35:30
Quote: Read articleTandy Brands posts 1Q profit as sales rise
2010-01-28 02:35:29
Quote: ARLINGTON, Texas (AP) -- Leather goods maker Tandy Brands Accessories Inc. on Tuesday posted a profit as sales rose.Tandy, based in Arlington, Texas, also makes eyewear, neckwear, sporting goods and gifts.The company earned $1.1 million, or 15 cents per share, in the quarter that ended Sept. 30. That compares to a loss of $1.3 million, or 18 cents per share, a year earlier.Revenue rose 7 percent to $37.2 million from $34.6 million.CEO Rod McGeachy said the company reported its first year-over-ye...
Read articleTandy Brands Accessories moving to new HQ
2009-12-03 04:03:00
Quote: Specialty retailer Tandy Brands Accessories has found an upside to the down economy.When the Arlington company decided its prospects for growth warranted a headquarters move from its current location on Lamar Boulevard, it quickly realized it was shopping for space at the right time. "Our lease on our existing space in Arlington expires at the end of this calendar year," said Rod McGeachy, Tandy Brands CEO. "We were going to have to make a decision what to do. It's a buyer’s...
Read articleTandy To Release First Quarter Results on November 10
2009-11-30 05:30:04
Quote: ARLINGTON, Texas--(BUSINESS WIRE)--Tandy Brands Accessories, Inc. (Nasdaq GM: TBAC) will release its firstquarter fiscal 2010 financial results after the market close on Tuesday,November 10, 2009. The Company has scheduled a conference call to reviewthese results for 8:30 a.m. ET on Wednesday, November 11, 2009. RodMcGeachy, Chairman, President and Chief Executive Officer of Tandy, willlead the call.www.InvestorCalendar.com.About Tandy Brands Accessories, Inc.®www.rolfs.netwww.sport-beads.com...
Read articleQ1 2010 Tandy Brands Earnings Release - After Market Close
2009-11-30 05:30:03
Quote: Read articleTandy Announces Fiscal 2010 First Quarter Results
2009-11-30 05:30:02
Quote: Read articleTANDY BRANDS ACCESSORIES INC Files SEC form 8-K, Results of Operations and Financial Condition
2009-11-30 05:30:01
Quote: TANDY BRANDS ACCESSORIES INCRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
TANDY BRANDS ACCESSORIES INC
10-Nov-2009Results of Operations and Financial ConditionPrivacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
Inc.
(1-800-416-6651). All information provided "as is"
for informational purposes
only, not intended for trading purposes or advice.
Neither Yahoo! nor any of
independent providers is liable for any informational
...
Read articleTandy Brands posts 1Q profit as sales rise
2009-11-30 05:30:01
Quote: ARLINGTON, Texas (AP) -- Leather goods maker Tandy Brands Accessories Inc. on Tuesday posted a profit as sales rose.Tandy, based in Arlington, Texas, also makes eyewear, neckwear, sporting goods and gifts.The company earned $1.1 million, or 15 cents per share, in the quarter that ended Sept. 30. That compares to a loss of $1.3 million, or 18 cents per share, a year earlier.Revenue rose 7 percent to $37.2 million from $34.6 million.CEO Rod McGeachy said the company reported its first year-over-ye...
Read articleHeelys appoints Tandy Brands CEO to Board
2009-11-30 05:30:00
Quote: has tapped Rod McGeachy, president and CEO of Tandy Brands Accessories Inc. to serve on its Board of Directors.McGeachy, who brings experience in consumer marketing and new product development, will serve on the board’s audit and compensation committees.McGeachy currently leads Arlington-based Tandy Brands, which designs and markets fashion and accessories.Tom Hansen, CEO of Carrollton-based Heelys (NASDAQ: HLYS) released a statement saying that McGeachy's work during a turnaround at T...
Read article
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