Tupperware Brands Corporation (TUP) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research cut shares of Tupperware Brands Corporation (NYSE:TUP) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
According to Zacks, “Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. 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 its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands. “
A number of other research firms have also issued reports on TUP. BidaskClub lowered Tupperware Brands Corporation from a strong-buy rating to a buy rating in a report on Thursday, July 13th. TheStreet cut Tupperware Brands Corporation from a b- rating to a c rating in a research note on Thursday, August 10th. Finally, ValuEngine downgraded Tupperware Brands Corporation from a buy rating to a hold rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $68.25.
Tupperware Brands Corporation (NYSE TUP) opened at 61.81 on Friday. Tupperware Brands Corporation has a 12-month low of $52.32 and a 12-month high of $74.36. The stock’s 50 day moving average is $58.70 and its 200 day moving average is $65.33. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 19.99 and a beta of 1.64.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The firm had revenue of $572.90 million during the quarter, compared to the consensus estimate of $580.19 million. During the same period in the prior year, the business earned $1.16 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 20th will be given a $0.68 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.40%. Tupperware Brands Corporation’s payout ratio is currently 87.74%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $58.54, for a total transaction of $117,080.00. Following the completion of the transaction, the executive vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $864,343.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.14% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of TUP. Teacher Retirement System of Texas increased its holdings in shares of Tupperware Brands Corporation by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,033 shares of the company’s stock valued at $283,000 after purchasing an additional 14 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Tupperware Brands Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,903 shares of the company’s stock worth $555,000 after buying an additional 21 shares in the last quarter. World Asset Management Inc boosted its holdings in Tupperware Brands Corporation by 0.8% during the second quarter. World Asset Management Inc now owns 4,081 shares of the company’s stock worth $287,000 after buying an additional 32 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in Tupperware Brands Corporation by 1.2% during the second quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock worth $405,000 after buying an additional 66 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in Tupperware Brands Corporation by 0.7% during the second quarter. State of Wisconsin Investment Board now owns 10,073 shares of the company’s stock worth $707,000 after buying an additional 70 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Tupperware Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands Corporation and related stocks with our FREE daily email newsletter.