Tupperware Brands Corp. (TUP) Receives Consensus Rating of “Hold” from Analysts
Shares of Tupperware Brands Corp. (NYSE:TUP) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $60.17.
Several research firms have commented on TUP. B. Riley reissued a “neutral” rating and set a $64.00 price target (up from $53.00) on shares of Tupperware Brands Corp. in a research note on Friday, October 21st. Zacks Investment Research downgraded shares of Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, October 22nd. TheStreet downgraded shares of Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $61.00 price target on shares of Tupperware Brands Corp. in a research note on Thursday, August 4th.
Shares of Tupperware Brands Corp. (NYSE:TUP) traded up 0.19% on Friday, reaching $59.28. 263,780 shares of the company traded hands. The stock has a market capitalization of $3.00 billion, a P/E ratio of 14.83 and a beta of 1.72. The stock’s 50 day moving average price is $60.94 and its 200-day moving average price is $60.57. Tupperware Brands Corp. has a one year low of $42.60 and a one year high of $66.90.
Tupperware Brands Corp. (NYSE:TUP) last announced its earnings results on Wednesday, October 19th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. Tupperware Brands Corp. had a net margin of 9.20% and a return on equity of 124.54%. The business earned $521.80 million during the quarter, compared to analyst estimates of $528.14 million. During the same period in the previous year, the business posted $0.79 earnings per share. Tupperware Brands Corp.’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Tupperware Brands Corp. will post $4.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Tuesday, December 20th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Friday, December 16th. Tupperware Brands Corp.’s payout ratio is 68.00%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corp. stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $58.94, for a total value of $117,880.00. Following the sale, the executive vice president now owns 35,800 shares in the company, valued at $2,110,052. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Allan Dando sold 620 shares of Tupperware Brands Corp. stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $59.82, for a total transaction of $37,088.40. Following the completion of the sale, the insider now owns 2,863 shares in the company, valued at approximately $171,264.66. The disclosure for this sale can be found here. 3.22% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Tupperware Brands Corp. by 13.0% in the second quarter. Vanguard Group Inc. now owns 3,604,582 shares of the company’s stock valued at $202,866,000 after buying an additional 415,778 shares during the period. BlackRock Fund Advisors boosted its stake in Tupperware Brands Corp. by 7.0% in the second quarter. BlackRock Fund Advisors now owns 6,020,016 shares of the company’s stock valued at $338,807,000 after buying an additional 394,548 shares during the period. Chicago Equity Partners LLC boosted its stake in Tupperware Brands Corp. by 529.4% in the second quarter. Chicago Equity Partners LLC now owns 370,990 shares of the company’s stock valued at $20,879,000 after buying an additional 312,045 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in Tupperware Brands Corp. during the second quarter valued at $16,379,000. Finally, Schroder Investment Management Group boosted its stake in Tupperware Brands Corp. by 25.5% in the third quarter. Schroder Investment Management Group now owns 1,196,954 shares of the company’s stock valued at $78,245,000 after buying an additional 242,871 shares during the period. Institutional investors and hedge funds own 92.27% of the company’s stock.
About Tupperware Brands Corp.
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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