Tupperware Brands Corporation (TUP) Receives Consensus Rating of “Hold” from Analysts
Shares of Tupperware Brands Corporation (NYSE:TUP) have received a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $68.50.
Several analysts have recently weighed in on TUP shares. BidaskClub lowered shares of Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Tupperware Brands Corporation from a “sell” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Thursday, July 13th. Sidoti lifted their target price on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. TheStreet lowered shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Finally, ValuEngine lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total transaction of $120,980.00. Following the completion of the sale, the executive vice president now directly owns 16,765 shares of the company’s stock, valued at $1,014,114.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Josef Hajek sold 2,950 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $71.59, for a total transaction of $211,190.50. Following the sale, the senior vice president now directly owns 6,304 shares of the company’s stock, valued at $451,303.36. The disclosure for this sale can be found here. Insiders have sold 6,950 shares of company stock worth $473,511 over the last quarter. 3.22% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of TUP. American International Group Inc. increased its stake in Tupperware Brands Corporation by 3.3% in the first quarter. American International Group Inc. now owns 118,307 shares of the company’s stock worth $7,420,000 after buying an additional 3,834 shares during the period. James Investment Research Inc. acquired a new stake in Tupperware Brands Corporation during the second quarter worth $1,392,000. Louisiana State Employees Retirement System increased its stake in Tupperware Brands Corporation by 3.1% in the second quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the company’s stock worth $927,000 after buying an additional 400 shares during the period. Sei Investments Co. increased its stake in Tupperware Brands Corporation by 15.0% in the second quarter. Sei Investments Co. now owns 47,064 shares of the company’s stock worth $3,304,000 after buying an additional 6,139 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in Tupperware Brands Corporation during the first quarter worth $201,000. 86.32% of the stock is owned by institutional investors and hedge funds.
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Shares of Tupperware Brands Corporation (NYSE:TUP) traded up 1.38% during trading on Friday, reaching $58.67. 243,128 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $61.14 and a 200-day moving average price of $65.36. The company has a market capitalization of $2.99 billion, a PE ratio of 18.97 and a beta of 1.61. Tupperware Brands Corporation has a 52-week low of $52.32 and a 52-week high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last issued its earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Tupperware Brands Corporation will post $4.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.64%. Tupperware Brands Corporation’s payout ratio is 87.74%.
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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