Tupperware Brands (TUP) Downgraded by Zacks Investment Research to Sell

Tupperware Brands (NYSE:TUP) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, December 27th.

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. “

A number of other research firms have also issued reports on TUP. Morgan Stanley increased their price target 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. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Citigroup raised their target price on Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. SunTrust Banks reissued a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. Finally, ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.83.

Shares of Tupperware Brands (TUP) opened at $64.90 on Wednesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. 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.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. Tupperware Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. equities research analysts expect that Tupperware Brands will post 4.75 earnings per share for the current fiscal year.

In related news, 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 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 at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 6,765 shares in the company, valued at approximately $422,338.95. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock worth $3,010,776 in the last 90 days. 3.22% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Intl Fcstone Inc. purchased a new position in shares of Tupperware Brands in the 2nd quarter valued at approximately $496,000. Fox Run Management L.L.C. grew its stake in shares of Tupperware Brands by 83.5% in the 3rd 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Tupperware Brands by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock valued at $58,910,000 after purchasing an additional 20,834 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Tupperware Brands in the 2nd quarter valued at approximately $2,222,000. Finally, Principal Financial Group Inc. grew its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 83.71% 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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