Zacks Upgrades Tumi Holdings to “Neutral” (TUMI)
Tumi Holdings (NASDAQ:TUMI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday. The firm currently has a $20.00 price target on the stock. Zacks‘s price target suggests a potential upside of 2.62% from the stock’s previous close.
Tumi Holdings (NASDAQ:TUMI) traded up 1.33% during mid-day trading on Friday, hitting $19.75. 301,990 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 $19.82 and its 200-day moving average is $20.77. The company has a market cap of $1.340 billion and a price-to-earnings ratio of 25.64.
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. Analysts expect that Tumi Holdings will post $0.90 EPS for the current fiscal year.
TUMI has been the subject of a number of other recent research reports. Analysts at Stephens upgraded shares of Tumi Holdings from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 10th. 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tumi Holdings has an average rating of “Buy” and an average price target of $24.33.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
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