Tumi (TUMI) Numbers Raised at Jefferies on Solid Q2, Outlook

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Jefferies boosted numbers on Tumi Holdings (NYSE: TUMI) following solid Q2 results that beat expectations and full year outlook raised above consensus.

"Overall we are very comfortable with the strong trends here and anticipate a continuation driven by strong brand momentum, visible multi-channel growth strategy and a very capable management team," the analyst comments. "With risk/reward very attractive at these levels, we reiterate our Buy rating and raise PT to $31."

FY12 EPS goes from $0.67 to $0.70 and FY13 from $0.74 to $0.80.

For an analyst ratings summary and ratings history on Tumi Holdings click here. For more ratings news on Tumi Holdings click here.

Shares of Tumi Holdings closed at $18.51 yesterday, with a 52 week range of $14.44-$28.70.

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