Tumi Holdings Given Average Rating of “Buy” by Brokerages (NASDAQ:TUMI)
Tumi Holdings (NASDAQ:TUMI) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the company, American Banking News.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.52.
A number of research firms have recently commented on TUMI. Analysts at Stephens upgraded shares of Tumi Holdings from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. They now have a $25.00 price target on the stock, up previously from $22.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tumi Holdings in a research note on Monday, May 12th. They now have a $21.00 price target on the stock, down previously from $24.00. Finally, 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, May 9th.
Shares of Tumi Holdings (NASDAQ:TUMI) traded up 2.77% on Tuesday, hitting $20.01. 159,620 shares of the company’s stock traded hands. 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 $19.4 and its 200-day moving average is $21.33. The company has a market cap of $1.358 billion and a P/E ratio of 25.62.
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.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
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