Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a sell rating to a hold rating in a report released 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 analysts have also recently commented on TUP. 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 report on Wednesday, October 25th. Citigroup lifted their target price on shares of 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 restated a hold rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. Finally, KeyCorp restated a hold rating on shares of Tupperware Brands in a research report on Saturday, November 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $68.83.
Shares of Tupperware Brands (NYSE:TUP) traded down $6.51 during midday trading on Friday, hitting $57.27. 749,441 shares of the company traded hands, compared to its average volume of 412,177. 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 12-month low of $56.05 and a 12-month high of $74.36. The firm has a market capitalization of $3,259.85, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.09. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The firm had revenue of $588.60 million during the quarter, compared to analysts’ expectations of $601.99 million. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. research analysts forecast that Tupperware Brands will post 4.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.75%. Tupperware Brands’s payout ratio is currently 98.91%.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $62.07, for a total transaction of $124,140.00. Following the completion of the transaction, the executive vice president now owns 10,665 shares in the company, valued at $661,976.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.14% of the company’s stock.
Several hedge funds and other institutional 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 third quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock worth $70,217,000 after buying an additional 8,594 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Tupperware Brands by 0.5% during the third quarter. Schroder Investment Management Group now owns 1,010,023 shares of the company’s stock worth $61,844,000 after buying an additional 4,611 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tupperware Brands by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock worth $57,433,000 after buying an additional 11,710 shares in the last quarter. Huber Capital Management LLC grew its holdings in shares of Tupperware Brands by 44.3% during the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after buying an additional 277,660 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tupperware Brands by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 846,231 shares of the company’s stock worth $52,314,000 after buying an additional 7,401 shares in the last quarter. Institutional investors and hedge funds own 83.76% 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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