Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $71.00 target price on the stock.
According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.2 million. 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 the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and for over 65 years they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
Several other research analysts have also weighed in on the company. KeyCorp reissued a hold rating on shares of Tupperware Brands in a research report on Saturday, November 25th. SunTrust Banks reaffirmed a hold rating and issued a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. TheStreet raised Tupperware Brands from a c rating to a b- rating in a research report on Wednesday, October 25th. ValuEngine raised Tupperware Brands from a hold rating to a buy rating in a research report on Thursday, October 26th. Finally, Morgan Stanley boosted their target price on Tupperware Brands from $71.00 to $72.00 and gave the company an equal weight rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Tupperware Brands presently has an average rating of Hold and a consensus price target of $68.83.
Tupperware Brands (TUP) traded up $1.05 during mid-day trading on Wednesday, hitting $64.14. The stock had a trading volume of 427,100 shares, compared to its average volume of 501,909. Tupperware Brands has a 1 year low of $52.32 and a 1 year high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. The company has a market cap of $3,210.49, a price-to-earnings ratio of 13.42, a PEG ratio of 1.11 and a beta of 1.75.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm had revenue of $539.50 million during the quarter, compared to analyst estimates of $538.80 million. During the same period last year, the company posted $0.87 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts forecast that Tupperware Brands will post 4.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, December 19th. Tupperware Brands’s payout ratio is 98.91%.
In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction dated 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 transaction, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $62.07, for a total value of $124,140.00. Following the transaction, the executive vice president now owns 10,665 shares of the company’s stock, valued at approximately $661,976.55. 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 in the last quarter. Company insiders own 3.22% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Tupperware Brands in the 3rd quarter worth approximately $102,000. Cetera Advisor Networks LLC purchased a new position in shares of Tupperware Brands in the 3rd quarter worth approximately $201,000. Dana Investment Advisors Inc. boosted its stake in shares of Tupperware Brands by 23.1% in the 3rd quarter. Dana Investment Advisors Inc. now owns 43,008 shares of the company’s stock worth $2,659,000 after buying an additional 8,076 shares during the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of Tupperware Brands in the 3rd quarter worth approximately $666,000. Finally, California Public Employees Retirement System boosted its stake in shares of Tupperware Brands by 7.0% in the 3rd quarter. California Public Employees Retirement System now owns 139,788 shares of the company’s stock worth $8,642,000 after buying an additional 9,199 shares during the last quarter. Institutional investors and hedge funds own 83.91% of the company’s stock.
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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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