Brokerages Set Tupperware Brands Corporation (TUP) Target Price at $66.00
Tupperware Brands Corporation (NYSE:TUP) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $68.20.
A number of research firms have recently issued reports on TUP. Sidoti upped their target price on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, May 22nd. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Wednesday, May 24th. Finally, B. Riley reaffirmed a “neutral” rating and set a $54.00 target price on shares of Tupperware Brands Corporation in a report on Sunday, April 23rd.
In other Tupperware Brands Corporation news, SVP Nicholas K. Poucher sold 1,333 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $72.73, for a total value of $96,949.09. Following the transaction, the senior vice president now owns 7,354 shares of the company’s stock, valued at $534,856.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas M. Roehlk sold 12,250 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $72.75, for a total transaction of $891,187.50. Following the completion of the transaction, the executive vice president now directly owns 33,015 shares in the company, valued at approximately $2,401,841.25. The disclosure for this sale can be found here. Insiders sold 83,737 shares of company stock worth $6,059,740 in the last ninety days. 3.22% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Dubuque Bank & Trust Co. raised its stake in shares of Tupperware Brands Corporation by 1,066.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,750 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares during the period. Founders Capital Management acquired a new stake in shares of Tupperware Brands Corporation during the first quarter worth about $110,000. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Tupperware Brands Corporation during the first quarter worth about $110,000. Huntington National Bank raised its stake in shares of Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 212 shares during the period. Finally, TrimTabs Asset Management LLC acquired a new stake in shares of Tupperware Brands Corporation during the first quarter worth about $125,000. Institutional investors own 91.57% of the company’s stock.
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Tupperware Brands Corporation (NYSE:TUP) traded down 1.13% during trading on Monday, hitting $70.97. 504,065 shares of the company’s stock were exchanged. Tupperware Brands Corporation has a 52-week low of $50.43 and a 52-week high of $74.36. The firm has a 50 day moving average price of $71.76 and a 200 day moving average price of $62.34. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 15.85 and a beta of 1.62.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. Tupperware Brands Corporation had a net margin of 10.15% and a return on equity of 107.77%. The company had revenue of $554.80 million during the quarter, compared to analyst estimates of $532.58 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict 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, July 6th. Shareholders of record on Tuesday, June 20th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 16th. This represents a $2.72 dividend on an annualized basis and a yield of 3.83%. Tupperware Brands Corporation’s payout ratio is currently 60.85%.
Tupperware Brands Corporation 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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