Zacks Investment Research cut shares of Tupperware Brands Corporation (NYSE:TUP) from a hold rating to a sell rating in a research report report published on Wednesday.
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. “
TUP has been the topic of several other reports. BidaskClub lowered shares of Tupperware Brands Corporation from a hold rating to a sell rating in a report on Wednesday, August 2nd. TheStreet lowered shares of Tupperware Brands Corporation from a b- rating to a c rating in a report on Thursday, August 10th. KeyCorp reaffirmed a hold rating on shares of Tupperware Brands Corporation in a report on Thursday, October 12th. Citigroup Inc. lifted their price target on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a neutral rating in a report on Monday, October 2nd. Finally, ValuEngine lowered shares of Tupperware Brands Corporation from a buy rating to a hold rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $68.25.
Shares of Tupperware Brands Corporation (NYSE TUP) traded up 0.26% during trading on Wednesday, hitting $61.23. 171,230 shares of the stock were exchanged. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The firm has a market capitalization of $3.12 billion, a P/E ratio of 19.80 and a beta of 1.64. The firm has a 50 day moving average price of $60.25 and a 200 day moving average price of $65.23.
Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. Analysts forecast that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Tuesday, September 19th. Tupperware Brands Corporation’s payout ratio is 87.74%.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 12,765 shares of the company’s stock, valued at approximately $785,813.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 6,000 shares of company stock worth $361,180 over the last three months. Insiders own 3.22% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in Tupperware Brands Corporation during the 2nd quarter worth approximately $121,000. Ffcm LLC grew its holdings in Tupperware Brands Corporation by 146.1% during the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after acquiring an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tupperware Brands Corporation by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after acquiring an additional 167 shares during the last quarter. Mascoma Wealth Management LLC grew its holdings in Tupperware Brands Corporation by 5,000.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock worth $150,000 after acquiring an additional 2,100 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in Tupperware Brands Corporation by 17.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,712 shares of the company’s stock worth $168,000 after acquiring an additional 396 shares during the last quarter. 84.98% of the stock is currently owned by hedge funds and other institutional investors.
About Tupperware Brands Corporation
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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