Tumi Holdings (TUMI) in Focus: Stock Falls 5.8% – Tale of the Tape

Zacks

Tumi Holdings, Inc. (TUMI) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for TUMI, as the stock is now down nearly 11% since Aug 19.

This slump shouldn’t be too much of a surprise to investors, as the Consumer Products provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

TUMI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative

Some better-ranked stocks in the Consumer Staples sector include Aramark (ARMK), Carriage Services Inc. (CSV) and Fresh Del Monte Produce Inc. (FDP). All three stocks carry a Zacks Rank #1 (Strong Buy).

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