Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a sell rating to a hold rating in a research note issued to investors on Saturday, January 6th.
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 also recently issued reports 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 lifted 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 reissued a hold rating and issued a $65.00 target price on shares of Tupperware Brands in a research note on Friday, October 27th. Finally, KeyCorp reissued a hold rating on shares of Tupperware Brands in a research note on Saturday, November 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Tupperware Brands presently has an average rating of Hold and a consensus target price of $68.83.
Shares of Tupperware Brands (TUP) traded up $0.81 during midday trading on Friday, hitting $64.90. 525,100 shares of the company’s stock traded hands, compared to its average volume of 375,411. The stock has a market cap of $3,300.00, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.05 and a beta of 1.75. Tupperware Brands has a 52 week low of $54.48 and a 52 week high of $74.36. 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 (NYSE:TUP) last issued its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, topping the consensus estimate 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 net margin of 6.18% and a return on equity of 101.23%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. equities research analysts forecast that Tupperware Brands will post 4.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 19th. Tupperware Brands’s dividend payout ratio is currently 98.91%.
In other news, Chairman E V. Goings sold 44,600 shares of the business’s 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 sale, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.39, for a total value of $118,780.00. Following the sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,600 shares of company stock valued at $3,010,776. Corporate insiders own 3.14% of the company’s stock.
Several large investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Tupperware Brands by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock worth $70,217,000 after purchasing an additional 8,594 shares during the period. Schroder Investment Management Group grew its holdings in shares of Tupperware Brands by 0.5% during the 3rd quarter. Schroder Investment Management Group now owns 1,010,023 shares of the company’s stock worth $61,844,000 after purchasing an additional 4,611 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Tupperware Brands by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock worth $57,433,000 after purchasing an additional 11,710 shares during the period. Huber Capital Management LLC grew its holdings in shares of Tupperware Brands by 44.3% during the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after purchasing an additional 277,660 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tupperware Brands by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 846,231 shares of the company’s stock worth $52,314,000 after purchasing an additional 7,401 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
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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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