Tumi Holdings Target of Unusually Large Options Trading (TUMI)
Shares of Tumi Holdings (NASDAQ:TUMI) were the recipient of unusually large options trading activity on Thursday. Traders purchased 300 call options on the stock, Stock Ratings Network reports. This is an increase of 650% compared to the typical daily volume of 40 call options.
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. Separately, 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $24.33.
Shares of Tumi Holdings (NASDAQ:TUMI) traded down 1.30% during mid-day trading on Thursday, hitting $21.96. The stock had a trading volume of 1,136,899 shares. Tumi Holdings 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 P/E ratio of 29.28.
Tumi Holdings (NASDAQ:TUMI) last issued its quarterly earnings data 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 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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