Tumi Holdings Stock Rating Lowered by Thomson Reuters/Verus (TUMI)
Tumi Holdings (NASDAQ:TUMI) was downgraded by investment analysts at Thomson Reuters/Verus from a “hold” rating to a “sell” rating in a note issued to investors on Monday, AmericanBankingNews.com reports.
Shares of Tumi Holdings (NASDAQ:TUMI) traded down 0.29% during mid-day trading on Monday, hitting $20.55. 159,402 shares of the company’s stock traded hands. Tumi Holdings has a one year low of $18.66 and a one year high of $26.24. The stock’s 50-day moving average is $20.51 and its 200-day moving average is $22.73. The company has a market cap of $1.395 billion and a price-to-earnings ratio of 28.59.
Tumi Holdings (NASDAQ:TUMI) last issued its quarterly earnings data 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.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Tumi Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 16th. They now have a $21.10 price target on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of Tumi Holdings in a research note to investors on Tuesday, September 10th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.03.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
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