Stock Estimates Record: Tumi Holdings, Inc. (TUMI)

The shares of Tumi Holdings, Inc. (NYSE:TUMI) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 7 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 143.92M by 4 analysts. The means estimate of sales for the year ending Dec-16 is 579.41M by 5 analysts.

The mean price target for the shares of Tumi Holdings, Inc. (TUMI) is at 24.88 while the highest price target suggested by the analysts is 26.75 and low price target is 20.00. The mean price target is calculated keeping in view the consensus of 4 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Tumi Holdings, Inc. (TUMI) stands at 0.24 while the EPS for the current year is fixed at 0.96 by 5 analysts.

The next one year’s EPS estimate is set at 1.08 by 7 analysts while a year ago the analysts suggested the company’s EPS at 0.96. The analysts also projected the company’s long-term growth at 6.00% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Tumi Holdings, Inc. (TUMI) reported earnings of $0.10. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 5, 2016 Tumi Holdings, Inc. (TUMI) announced its financial results for the first quarter ended March 27, 2016.

For the first quarter of 2016:

• Net sales increased 7.1% to $118.3 million compared to $110.5 million in the first quarter ended March 29, 2015. On a constant currency basis, net sales increased 7.8%.


• Total comparable store sales for all Direct-to-Consumer channels, including company-owned websites, increased 0.8%. On a constant currency basis, total comparable store sales for all Direct-to-Consumer channels, including company-owned websites, increased 1.1%.


• Direct-to-Consumer North America full-price comparable store sales decreased 3.5%, outlet comparable store sales increased 5.4%, and e-commerce comparable sales increased 4.0%.


• In Euros, Direct-to-Consumer International full-price comparable store sales increased 5.1%, outlet comparable store sales increased 7.5%, and international e-commerce website sales increased 36.8%. In U.S. dollars, Direct-to-Consumer International full-price comparable store sales increased 2.7%, outlet comparable store sales increased 5.0%, and international e-commerce website sales increased 33.6%.


• Gross profit increased 6.2% to $69.4 million compared to $65.3 million in the first quarter ended March 29, 2015. Gross margin was 58.6% compared to 59.1% in the first quarter of 2015.


• Operating income decreased 18.8% to $7.8 million from $9.6 million in the first quarter of 2015. Operating income margin was 6.6% compared to 8.7% in the first quarter of 2015.