E V. Goings Sells 44,600 Shares of Tupperware Brands Corporation (TUP) Stock
Tupperware Brands Corporation (NYSE:TUP) Chairman E V. Goings sold 44,600 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the transaction, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Tupperware Brands Corporation (TUP) opened at $57.59 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.54. Tupperware Brands Corporation has a fifty-two week low of $52.32 and a fifty-two week high of $74.36. The firm has a market cap of $2,930.58, a PE ratio of 12.25, a P/E/G ratio of 1.01 and a beta of 1.72.
Tupperware Brands Corporation (NYSE:TUP) last posted its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.23%. The company had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. During the same quarter in the prior year, the business posted $0.87 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. analysts expect that Tupperware Brands Corporation will post 4.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.72%. Tupperware Brands Corporation’s dividend payout ratio is presently 98.91%.
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A number of equities analysts have recently issued reports on TUP shares. ValuEngine cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup Inc. increased their price objective on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands Corporation in a research report on Thursday, October 12th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $65.00 target price on shares of Tupperware Brands Corporation in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.33.
A number of large investors have recently bought and sold shares of TUP. Principal Financial Group Inc. increased its stake in Tupperware Brands Corporation by 143.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after buying an additional 663,454 shares during the last quarter. Teachers Advisors LLC increased its stake in Tupperware Brands Corporation by 439.0% in the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock valued at $19,496,000 after buying an additional 226,091 shares during the last quarter. Vanguard Group Inc. increased its stake in Tupperware Brands Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after buying an additional 218,186 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Tupperware Brands Corporation in the 2nd quarter valued at about $9,966,000. Finally, Thrivent Financial For Lutherans increased its stake in Tupperware Brands Corporation by 34.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock valued at $37,439,000 after buying an additional 137,790 shares during the last quarter. Hedge funds and other institutional investors own 85.55% of the company’s stock.
About Tupperware Brands Corporation
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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