Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a hold rating to a buy rating in a report issued on Friday. The brokerage currently has $71.00 price target 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 equities research analysts have also recently weighed in on TUP. ValuEngine raised Tupperware Brands from a hold rating to a buy rating in a research note on Thursday, January 4th. TheStreet raised Tupperware Brands from a c rating to a b- rating in a research note on Wednesday, October 25th. Citigroup upped their price target on Tupperware Brands from $67.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, October 2nd. SunTrust Banks reaffirmed a hold rating and issued a $65.00 price target on shares of Tupperware Brands in a research note on Friday, October 27th. Finally, KeyCorp reaffirmed a hold rating on shares of Tupperware Brands in a research note on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $68.83.
Shares of Tupperware Brands (TUP) traded up $0.81 during mid-day trading on Friday, reaching $64.90. The company had a trading volume of 525,110 shares, compared to its average volume of 389,657. The stock has a market capitalization of $3,300.00, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.75. Tupperware Brands has a 12 month low of $53.65 and a 12 month 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.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results 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. The company had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. equities research analysts predict that Tupperware Brands will post 4.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were paid a $0.68 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.19%. Tupperware Brands’s dividend payout ratio is currently 98.91%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total value of $124,860.00. Following the sale, the executive vice president now directly owns 6,765 shares of the company’s stock, valued at $422,338.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman E V. Goings sold 44,600 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the sale, the chairman now directly owns 54,059 shares in the company, valued at $3,203,536.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,600 shares of company stock worth $3,010,776. Insiders own 3.22% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intl Fcstone Inc. purchased a new stake in shares of Tupperware Brands in the second quarter worth $496,000. Fox Run Management L.L.C. lifted its holdings in shares of Tupperware Brands by 83.5% during the third quarter. Fox Run Management L.L.C. now owns 15,600 shares of the company’s stock valued at $964,000 after purchasing an additional 7,100 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Tupperware Brands by 17.5% during the third quarter. First Trust Advisors LP now owns 181,347 shares of the company’s stock valued at $11,211,000 after purchasing an additional 27,060 shares in the last quarter. CNA Financial Corp lifted its holdings in shares of Tupperware Brands by 26.7% during the third quarter. CNA Financial Corp now owns 14,700 shares of the company’s stock valued at $909,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of Tupperware Brands during the third quarter valued at $1,626,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.
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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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