Tumi Holdings Inc (TUMI) Updates FY14 Earnings Guidance
Tumi Holdings Inc (NASDAQ:TUMI) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89, StockRatingsNetwork reports.
Tumi Holdings Inc (NASDAQ:TUMI) traded down 1.30% on Thursday, hitting $21.96. The stock had a trading volume of 1,136,899 shares. Tumi Holdings Inc has a 52 week low of $17.55 and a 52 week high of $24.71. The stock’s 50-day moving average is $20.42 and its 200-day moving average is $20.67. The company has a market cap of $1.490 billion and a price-to-earnings ratio of 29.28. Tumi Holdings also was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 300 call options on the stock. This represents an increase of approximately 650% compared to the average volume of 40 call options.
Tumi Holdings (NASDAQ:TUMI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.01. The company had revenue of $124.60 million for the quarter, compared to the consensus estimate of $124.31 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Tumi Holdings Inc will post $0.90 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TUMI shares. Analysts at Zacks upgraded shares of Tumi Holdings from an underperform rating to a neutral rating in a research note on Friday, July 18th. They now have a $20.00 price target on the stock. On a related note, 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. Finally, 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $24.33.
Tumi Holdings, Inc (NASDAQ:TUMI) offers a range of travel and business products and accessories in various categories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.