Stock Traders Purchase High Volume of Tupperware Brands Put Options (TUP)
Tupperware Brands Co. (NYSE:TUP) saw unusually large options trading on Thursday. Stock traders bought 11,195 put options on the stock. This represents an increase of 5,583% compared to the average volume of 197 put options.
Several research analysts have commented on TUP shares. Zacks Investment Research upgraded Tupperware Brands from a “strong sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, June 12th. Argus downgraded Tupperware Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $53.20.
Large investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new position in shares of Tupperware Brands in the 1st quarter valued at $3,703,000. Swiss National Bank increased its holdings in shares of Tupperware Brands by 2.1% in the 1st quarter. Swiss National Bank now owns 88,500 shares of the company’s stock valued at $4,282,000 after acquiring an additional 1,800 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Tupperware Brands by 254.8% in the 1st quarter. GSA Capital Partners LLP now owns 82,037 shares of the company’s stock valued at $3,969,000 after acquiring an additional 58,912 shares during the period. Royal Bank of Canada increased its holdings in shares of Tupperware Brands by 68.1% in the 1st quarter. Royal Bank of Canada now owns 72,643 shares of the company’s stock valued at $3,515,000 after acquiring an additional 29,421 shares during the period. Finally, Beacon Investment Advisory Services Inc. purchased a new position in shares of Tupperware Brands in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 85.57% of the company’s stock.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, July 25th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.12 by $0.05. Tupperware Brands had a negative return on equity of 576.26% and a negative net margin of 8.87%. The company had revenue of $535.40 million for the quarter, compared to the consensus estimate of $548.69 million. During the same period last year, the business posted $1.21 EPS. Tupperware Brands’s quarterly revenue was down 6.5% on a year-over-year basis. equities research analysts forecast that Tupperware Brands will post 4.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Wednesday, September 19th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, September 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 8.31%. Tupperware Brands’s dividend payout ratio is presently 56.20%.
About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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