ValuEngine upgraded shares of Tupperware Brands Corporation (NYSE:TUP) from a hold rating to a buy rating in a report issued on Thursday, October 26th.
Several other research firms have also recently commented on TUP. Zacks Investment Research cut shares of Tupperware Brands Corporation from a hold rating to a sell rating in a research note on Wednesday, October 18th. Citigroup Inc. raised their target price on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a neutral rating in a report on Monday, October 2nd. KeyCorp restated a hold rating on shares of Tupperware Brands Corporation in a report on Thursday, October 12th. Morgan Stanley lifted their target price on shares of Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an equal weight rating in a research note on Thursday, October 26th. Finally, BidaskClub lowered shares of Tupperware Brands Corporation from a hold rating to a sell rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $68.33.
Tupperware Brands Corporation (NYSE:TUP) traded up $0.15 during trading on Thursday, hitting $58.83. 221,500 shares of the stock traded hands, compared to its average volume of 413,086. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $2,993.68, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.03 and a beta of 1.72.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.23%. The firm had revenue of $539.50 million for the quarter, compared to the consensus estimate of $538.80 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. sell-side analysts forecast that Tupperware Brands Corporation will post 4.75 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 annualized dividend and a yield of 4.62%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is 98.91%.
In related news, Chairman E V. Goings sold 44,600 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the completion of the sale, the chairman now directly owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $61.56, for a total value of $123,120.00. Following the sale, the executive vice president now directly owns 12,765 shares of the company’s stock, valued at $785,813.40. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock valued at $3,001,976 over the last three months. Company insiders own 3.22% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TUP. Principal Financial Group Inc. boosted its position in Tupperware Brands Corporation by 143.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after acquiring an additional 663,454 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Tupperware Brands Corporation by 439.0% in the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock valued at $19,496,000 after buying an additional 226,091 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tupperware Brands Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 4,499,696 shares of the company’s stock valued at $282,221,000 after buying an additional 218,186 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Tupperware Brands Corporation in the 2nd quarter valued at approximately $9,966,000. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Tupperware Brands Corporation by 34.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock valued at $37,439,000 after buying an additional 137,790 shares during the last quarter. 85.35% of the stock is owned by hedge funds and other institutional investors.
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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