Trade-Ideas LLC identified

Tumi Holdings

(

TUMI

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Tumi Holdings as such a stock due to the following factors:

  • TUMI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.3 million.
  • TUMI traded 109,254 shares today in the pre-market hours as of 8:35 AM, representing 13.3% of its average daily volume.

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More details on TUMI:

Tumi Holdings, Inc. designs, produces, and markets a range of travel and business products, and accessories. It operates in four segments: Direct-to-Consumer North America; Direct-to-Consumer International; Indirect-to-Consumer North America; and Indirect-to-Consumer International. TUMI has a PE ratio of 21. Currently there are 2 analysts that rate Tumi Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Tumi Holdings has been 703,300 shares per day over the past 30 days. Tumi has a market cap of $1.3 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.29 and a short float of 13.8% with 8.98 days to cover. Shares are up 19.1% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tumi Holdings as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.

Highlights from the ratings report include:

  • TUMI HOLDINGS INC has improved earnings per share by 5.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, TUMI HOLDINGS INC increased its bottom line by earning $0.93 versus $0.86 in the prior year. This year, the market expects an improvement in earnings ($0.96 versus $0.93).
  • TUMI's revenue growth trails the industry average of 16.8%. Since the same quarter one year prior, revenues slightly increased by 2.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The gross profit margin for TUMI HOLDINGS INC is rather high; currently it is at 60.06%. Regardless of TUMI's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TUMI's net profit margin of 14.94% compares favorably to the industry average.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market on the basis of return on equity, TUMI HOLDINGS INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • TUMI has underperformed the S&P 500 Index, declining 15.35% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.

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