Tupperware Brands (TUP) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Tupperware Brands (NYSE:TUP) from a hold rating to a buy rating in a research note published on Thursday, January 4th.

A number of other analysts have also recently weighed in on TUP. Zacks Investment Research raised shares of Tupperware Brands from a hold rating to a buy rating and set a $68.00 target price on the stock in a research note on Thursday, September 28th. Citigroup boosted their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, October 2nd. KeyCorp reaffirmed a hold rating on shares of Tupperware Brands in a research note on Thursday, October 12th. Morgan Stanley boosted their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an equal weight rating in a research note on Thursday, October 26th. Finally, TheStreet raised shares of Tupperware Brands from a c rating to a b- rating in a research note on Wednesday, October 25th. 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. Tupperware Brands has an average rating of Hold and an average target price of $68.83.

Shares of Tupperware Brands (NYSE:TUP) traded up $0.69 during trading hours on Thursday, reaching $64.09. 248,254 shares of the company were exchanged, compared to its average volume of 398,697. The company has a market capitalization of $3,260.00, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands has a fifty-two week low of $53.65 and a fifty-two week high of $74.36.

Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. sell-side analysts predict that Tupperware Brands will post 4.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were paid a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.24%. Tupperware Brands’s dividend payout ratio is 98.91%.

In related news, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the sale, the chairman now owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total transaction of $118,780.00. Following the completion of the sale, the executive vice president now directly owns 10,765 shares in the company, valued at approximately $639,333.35. The disclosure for this sale can be found here. In the last three months, insiders sold 50,600 shares of company stock worth $3,010,776. 3.14% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of TUP. First Allied Advisory Services Inc. lifted its holdings in Tupperware Brands by 1.2% in the second quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock valued at $405,000 after buying an additional 66 shares during the period. State of Wisconsin Investment Board lifted its holdings in Tupperware Brands by 0.7% in the second quarter. State of Wisconsin Investment Board now owns 10,073 shares of the company’s stock valued at $707,000 after buying an additional 70 shares during the period. Raymond James Trust N.A. lifted its holdings in Tupperware Brands by 3.4% in the second quarter. Raymond James Trust N.A. now owns 3,794 shares of the company’s stock valued at $266,000 after buying an additional 124 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tupperware Brands by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after buying an additional 167 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Tupperware Brands by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 67,679 shares of the company’s stock valued at $4,753,000 after buying an additional 203 shares during the period. 83.71% of the stock is currently owned by institutional investors.

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Tupperware Brands 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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Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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