Tumi Holdings Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:TUMI)
Shares of Tumi Holdings (NASDAQ:TUMI) have received an average rating of “Buy” from the nine brokerages that are presently covering the stock, American Banking News reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.33.
Shares of Tumi Holdings (NASDAQ:TUMI) opened at 19.79 on Friday. 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 $19.9 and its 200-day moving average is $20.72. The company has a market cap of $1.343 billion and a P/E ratio of 25.93.
Tumi Holdings (NASDAQ:TUMI) last announced its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter 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.
A number of research firms have recently commented on TUMI. Analysts at Zacks upgraded shares of Tumi Holdings from an “underperform” rating to a “neutral” rating in a research note on Friday. They now have a $20.00 price target on the stock. Finally, 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.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
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