Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The firm currently has a $71.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.44% from the company’s current price.
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. “
TUP has been the topic of several other research reports. ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. TheStreet upgraded shares of Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. Citigroup boosted their price target 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. SunTrust Banks reiterated 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 reiterated 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 assigned a hold rating and three have issued a buy rating to the company. Tupperware Brands currently has a consensus rating of “Hold” and a consensus price target of $68.83.
Shares of Tupperware Brands (NYSE:TUP) traded up $1.59 during trading on Friday, reaching $63.71. 401,466 shares of the company traded hands, compared to its average volume of 288,300. The company has a market cap of $3,161.13, a P/E ratio of 23.17, a P/E/G ratio of 1.01 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 one year low of $55.16 and a one year high of $74.36.
Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. Tupperware Brands’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. analysts anticipate that Tupperware Brands will post 4.75 earnings per share for the current fiscal year.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total transaction of $118,780.00. Following the sale, the executive vice president now directly owns 10,765 shares in the company, valued at approximately $639,333.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the sale, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,600 shares of company stock worth $3,010,776. Corporate insiders own 3.22% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Tupperware Brands during the 3rd quarter valued at about $102,000. Tower Research Capital LLC TRC purchased a new stake in shares of Tupperware Brands during the 2nd quarter valued at about $121,000. Mckinley Capital Management LLC Delaware raised its position in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after buying an additional 2,246 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Tupperware Brands during the 3rd quarter valued at about $201,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of Tupperware Brands during the 2nd quarter valued at about $203,000. Hedge funds and other institutional investors 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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