Zacks Investment Research Upgrades Tupperware Brands (TUP) to “Buy”
Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $71.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 12.54% from the stock’s previous close.
According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.2 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and for over 65 years they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
Several other research firms have also issued reports on TUP. Morgan Stanley lifted their price target on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Citigroup lifted their price target on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. SunTrust Banks reiterated a “hold” rating and set a $65.00 price objective on shares of Tupperware Brands in a research note on Friday, October 27th. Finally, ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $68.83.
Tupperware Brands (NYSE:TUP) traded up $0.05 during midday trading on Wednesday, reaching $63.09. 213,100 shares of the company’s stock traded hands, compared to its average volume of 502,222. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Tupperware Brands has a fifty-two week low of $52.32 and a fifty-two week high of $74.36. The stock has a market capitalization of $3,207.95, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.11 and a beta of 1.75.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The business had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. During the same period in the previous year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts forecast that Tupperware Brands will post 4.75 EPS for the current year.
In related news, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the completion of the transaction, the chairman now directly owns 54,059 shares in the company, valued at $3,203,536.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $61.56, for a total transaction of $123,120.00. Following the transaction, the executive vice president now owns 12,765 shares of the company’s stock, valued at $785,813.40. The disclosure for this sale can be found here. Insiders have sold 50,600 shares of company stock valued at $3,009,036 over the last quarter. Insiders own 3.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TUP. Principal Financial Group Inc. increased its stake in shares of Tupperware Brands by 143.0% during the second quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after purchasing an additional 663,454 shares in the last quarter. Huber Capital Management LLC increased its stake in shares of Tupperware Brands by 44.3% during the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after purchasing an additional 277,660 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Tupperware Brands by 439.0% during the second quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after purchasing an additional 226,091 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Tupperware Brands during the second quarter worth about $9,966,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of Tupperware Brands by 34.9% during the second quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock worth $37,439,000 after purchasing an additional 137,790 shares in the last quarter. Institutional investors own 83.91% of the company’s stock.
WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.watchlistnews.com/zacks-investment-research-upgrades-tupperware-brands-tup-to-buy/1761556.html.
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.
Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with Analyst Ratings Network's FREE daily email newsletter.