Shares of Tupperware Brands Co. (NYSE:TUP) have been given a consensus recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $68.83.
TUP has been the subject of a number of recent research reports. ValuEngine lowered shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Citigroup raised their price target on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research report on Thursday, October 12th. Finally, Morgan Stanley raised their price target on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th.
Shares of Tupperware Brands (NYSE:TUP) traded up $0.05 during trading on Friday, hitting $63.09. 213,100 shares of the company traded hands, compared to its average volume of 502,222. The stock has a market cap of $3,207.95, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.11 and a beta of 1.75. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Tupperware Brands has a 52-week low of $52.32 and a 52-week high of $74.36.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The firm had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. Tupperware Brands’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. analysts anticipate that Tupperware Brands will post 4.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Tuesday, December 19th. Tupperware Brands’s dividend payout ratio is presently 98.91%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $62.07, for a total transaction of $124,140.00. Following the sale, the executive vice president now owns 10,665 shares of the company’s stock, valued at approximately $661,976.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the firm’s 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 sale, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock valued at $3,009,036 over the last three months. 3.14% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Tupperware Brands by 143.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock valued at $79,167,000 after purchasing an additional 663,454 shares in the last quarter. Huber Capital Management LLC lifted its holdings in Tupperware Brands by 44.3% in the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after purchasing an additional 277,660 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Tupperware Brands 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 purchasing an additional 226,091 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Tupperware Brands in the 2nd quarter valued at $9,966,000. Finally, Thrivent Financial For Lutherans lifted its holdings in Tupperware Brands 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 purchasing an additional 137,790 shares in the last quarter. 83.91% of the stock is currently owned by institutional investors and hedge funds.
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About Tupperware Brands
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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