Tumi Holdings Rating Reiterated by JPMorgan Chase & Co. (TUMI)
Tumi Holdings (NASDAQ:TUMI)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a $21.00 price objective on the stock, down from their previous price objective of $24.00. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 9.95% from the stock’s previous close.
Shares of Tumi Holdings (NASDAQ:TUMI) traded up 0.37% on Monday, hitting $19.10. The stock had a trading volume of 1,543,294 shares. Tumi Holdings has a 52-week low of $17.55 and a 52-week high of $26.24. The stock’s 50-day moving average is $21.55 and its 200-day moving average is $21.87. The company has a market cap of $1.296 billion and a P/E ratio of 25.04.
Tumi Holdings (NASDAQ:TUMI) last announced its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.05. The company had revenue of $108.60 million for the quarter, compared to the consensus estimate of $115.80 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Tumi Holdings will post $0.90 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TUMI. Analysts at Jefferies Group cut their price target on shares of Tumi Holdings from $28.00 to $26.00 in a research note on Friday. Analysts at Ned Davis Research upgraded shares of Tumi Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.42.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
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