Tumi Holdings Coverage Initiated by Analysts at Tigress Financial (TUMI)
Equities researchers at Tigress Financial assumed coverage on shares of Tumi Holdings (NASDAQ:TUMI) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Tumi Holdings (NASDAQ:TUMI) traded down 0.92% on Tuesday, hitting $21.48. The stock had a trading volume of 171,522 shares. Tumi Holdings has a 52-week low of $19.44 and a 52-week high of $26.98. The stock’s 50-day moving average is $22.50 and its 200-day moving average is $23.33. The company has a market cap of $1.458 billion and a price-to-earnings ratio of 30.07.
Tumi Holdings (NASDAQ:TUMI) last announced its earnings results on Wednesday, August 7th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $108.20 million for the quarter, compared to the consensus estimate of $114.03 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts expect that Tumi Holdings will post $0.81 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of Tumi Holdings (NASDAQ:TUMI) in a research note to investors on Wednesday, August 21st. They set an “equal weight” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Tumi Holdings (NASDAQ:TUMI) from $29.00 to $26.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Tumi Holdings (NASDAQ:TUMI) in a research note to investors on Thursday, August 8th.
Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Tumi Holdings presently has a consensus rating of “Buy” and a consensus target price of $26.33.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.