NEW YORK (TheStreet) -- Tumi Holdings (TUMI) stock is rising 5.89% to $19.05 in afternoon trading Thursday after the luggage, briefcase and bag maker reported financial results that exceeded estimates for the 2015 fourth quarter.

After yesterday's market close, the South Plainfield, NJ-based company posted a profit of 37 cents per share on revenue of $167.66 million for the quarter ended December 31.

Analysts surveyed by Thomson Reuters estimated earnings of 32 cents per share on $164.37 million in revenue for the latest quarter.

Direct-to-consumer comparable store sales, including e-commerce, was down 4.6% for the quarter because of weaker online sales and unfavorable foreign exchange rates.

Tumi, however, issued lower than expected earnings and revenue guidance for the 2016 full year.

The earnings outlook was set at 93 cents per share to 97 cents per share, compared with estimates of $1 per share. The company expects revenue to grow between 4% and 6% this year, while analysts were estimating an 8% increase.

TheStreet Recommends

Separately, Tumi has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's strengths, such as revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels, and its weaknesses, including generally disappointing stock performance, disappointing return on equity and weak operating cash flow.

You can view the full analysis from the report here: TUMI

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

Image placeholder title


data by