Last $20.19 USD
Change Today -0.36 / -1.75%
Volume 230.8K
TUMI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

tumi holdings inc (TUMI) Snapshot

Open
$20.39
Previous Close
$20.55
Day High
$20.52
Day Low
$20.15
52 Week High
08/7/13 - $26.24
52 Week Low
05/9/14 - $17.55
Market Cap
1.4B
Average Volume 10 Days
355.5K
EPS TTM
$0.79
Shares Outstanding
67.9M
EX-Date
--
P/E TM
25.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for TUMI HOLDINGS INC (TUMI)

tumi holdings inc (TUMI) Related Bloomberg News

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tumi holdings inc (TUMI) Details

Tumi Holdings, Inc. designs, produces, and markets a range of travel and business products, and accessories. The company provides wheeled travel products and soft styles without wheels comprising satchels, garment bags, boarding totes, and cross-body bags; and business cases, including wheeled business cases, backpacks, messenger bags, day bags, and totes. It also offers accessories comprising wallets and card cases, as well as agendas and planners, passport cases, mobile covers, umbrellas, and travel accessories, such as electric current adapters, key fobs, packing accessories, toiletry kits, and foldable travel totes; and belts, outerwear, sunglasses, and eyewear. The company sells its products through a network of company-owned retail stores and outlet stores, partner stores, concessions, shop-in-shops, specialty luggage shops, high-end department stores, and e-commerce distribution channels. It operates a network of approximately 260 company-owned and partner stores; and distributes its products in approximately 75 countries worldwide through 1,900 points of distribution. Tumi Holdings, Inc. was founded in 1975 and is headquartered in South Plainfield, New Jersey.

1,307 Employees
Last Reported Date: 02/28/14
Founded in 1975

tumi holdings inc (TUMI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $868.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $450.0K
President of Retail
Total Annual Compensation: $407.5K
Senior Vice President of Product Development,...
Total Annual Compensation: $427.5K
Chief Merchandising Officer of Brand Manageme...
Total Annual Compensation: $406.0K
Compensation as of Fiscal Year 2013.

tumi holdings inc (TUMI) Key Developments

Tumi Holdings to Open an Arden Fair Store in Late August

Tumi Holdings Inc. is scheduled to open an Arden Fair store in late August. It will fill a portion of the former Arden B space near Nordstrom.

Tumi Holdings, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-10-2014 07:30 AM

Tumi Holdings, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-10-2014 07:30 AM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Jerome Squire Griffith, Chief Executive Officer, President and Director.

Tumi Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2014; Revises Earnings Guidance for the Full Year of 2014; Plans to Open New Stores in 2014

Tumi Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2014. For the quarter, the company reported net sales of $108,602,000 against $102,925,000 a year ago. Income before income taxes was $13,024,000 against $16,992,000 a year ago. Net income was $8,153,000 or $0.12 basic and diluted per share against $10,535 or $0.16 basic and diluted per share a year ago. Operating income before one-time costs was $13.4 million against $18.1 million a year ago. Net income before one-time costs was $8.2 million or $0.12 diluted per share before one-time costs against $10.8 million or $0.16 diluted per share before one-time costs a year ago. Net sales increased 5.5% from first quarter ended March 31, 2013, impacted by a reduction of wholesale orders in the Asia Pacific region, as well as weaker wholesale sales in North America. Operating income decreased 24.0% from the first quarter of 2013 due to planned investments. The company is revising its guidance for 2014 to reflect the results in the first quarter, and now expects net sales to increase between 12% and 15% for the full year. This estimate assumes total comparable store sales growth in the mid-single digits. It is estimated that the company will spend approximately $2.5 million to $3.5 million for operator fees to the old platform provider while also incurring additional expenses of approximately $1.0 million to $2.0 million on migrating to the new platform during the first half of 2014. Additionally, the company expects to continue to invest in its logistics capabilities, design resources, product management, IT infrastructure and human resource base. Therefore, diluted EPS for 2014 is now expected to be in the range of between $0.88 and $0.92. This estimate assumes diluted weighted average common shares outstanding of approximately 68.1 million, and a revised weighted GAAP tax rate of 37.4%. Capital expenditures for fiscal 2014 are expected to be in the range of $40 million to $45 million. The company revised weighted GAAP tax rate of 37.4%. The company expects expect to open 18 to 22 new stores for the store opening cases to be heavily weighted towards the back end of the year. In the second quarter, the company plans to open 6 new stores and plan to renovate and relocate a total of 3 stores.

 

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Industry Analysis

TUMI

Industry Average

Valuation TUMI Industry Range
Price/Earnings 26.3x
Price/Sales 2.9x
Price/Book 3.6x
Price/Cash Flow 26.3x
TEV/Sales 2.9x
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