Tumi Holdings, Inc. (TUMI): Steven M Hurwitz , SVP – Prod Dvlp/Mfg/Sourcing of Tumi Holdings, Inc. sold 9,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $26.71 per share for a total value of $240,390.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Steven M Hurwitz (SVP – Prod Dvlp/Mfg/Sourcing) sold 9,000 shares at $26.99 per share price.
Shares of Tumi Holdings Inc (TUMI) ended Friday, May 20, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.04% at $26.7 with 6,43,111 shares getting traded. Post opening the session at $26.75, the shares hit an intraday low of $26.67 and an intraday high of $26.8425 and the price vacillated in this range throughout the day. The company has a market cap of $1,806 M and the number of outstanding shares has been calculated to be 6,76,51,601 shares. The 52-week high of Tumi Holdings Inc is $27.84 and the 52-week low is $15.01.
Company has been under the radar of several Street Analysts.Tumi Holdings Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 4, 2016.
Tumi Holdings Inc. (Tumi) offers a line of travel and business products and accessories in multiple categories. The Company operates in four segments including: Direct-to-Consumer North America Indirect-to-Consumer North America Direct-to-Consumer International and Indirect-to-Consumer International. Tumi designs its products for and markets its products to professionals travelers and individuals. It distributes its products globally in over 75 countries through approximately 1800 points of distribution. It uses retail wholesale and electronic commerce channels. Tumi’s retail stores are located throughout the world including New York Beverly Hills San Francisco Chicago Paris London Rome Tokyo Munich Moscow Hong Kong Shanghai Beijing Milan and Barcelona. Its production is sourced globally through a network of suppliers based in Asia Italy and the Caribbean.