Tupperware Brands (TUP) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of Tupperware Brands (NYSE:TUP) from a hold rating to a buy rating in a research note issued to investors on Thursday.
A number of other research firms have also commented on TUP. Zacks Investment Research raised Tupperware Brands from a hold rating to a buy rating and set a $71.00 price target for the company in a research report on Wednesday, December 13th. Morgan Stanley increased their price target on Tupperware Brands from $71.00 to $72.00 and gave the company an equal weight rating in a research report on Thursday, October 26th. KeyCorp reissued a hold rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Citigroup increased their price target on Tupperware Brands from $67.00 to $68.00 and gave the company a neutral rating in a research report on Monday, October 2nd. Finally, SunTrust Banks reissued a hold rating and issued a $65.00 price target on shares of Tupperware Brands in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Tupperware Brands has a consensus rating of Hold and an average price target of $68.83.
Tupperware Brands (NYSE:TUP) opened at $63.37 on Thursday. The firm has a market capitalization of $3,224.74, a P/E ratio of 23.04, a PEG ratio of 1.03 and a beta of 1.75. Tupperware Brands has a 12-month low of $53.65 and a 12-month high of $74.36. The company has a current ratio of 0.98, a quick ratio of 0.52 and a debt-to-equity ratio of 2.56.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. Tupperware Brands’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. research analysts predict that Tupperware Brands will post 4.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were paid a $0.68 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.29%. Tupperware Brands’s dividend payout ratio (DPR) is presently 98.91%.
In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the transaction, the executive vice president now owns 6,765 shares of the company’s stock, valued at approximately $422,338.95. The disclosure for this sale can be found here. Insiders sold a total of 50,600 shares of company stock valued at $3,010,776 in the last 90 days. Corporate insiders own 3.14% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new position in shares of Tupperware Brands during the 3rd quarter worth $102,000. Tower Research Capital LLC TRC bought a new position in shares of Tupperware Brands during the 2nd quarter worth $121,000. Ffcm LLC grew its stake in shares of Tupperware Brands by 146.1% during the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after acquiring an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tupperware Brands by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after acquiring an additional 167 shares during the period. Finally, Mckinley Capital Management LLC Delaware grew its stake in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after acquiring an additional 2,246 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.
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Tupperware Brands Company Profile
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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