Tumi (TUMI) Numbers Raised at Jefferies on Solid Q2, Outlook
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Price: $24.75 --0%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade TUMI Now!
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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"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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