Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, January 12th. The firm presently has a $71.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 30.16% from the stock’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. “
Several other equities analysts have also recently weighed in on TUP. Citigroup raised their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a research note on Thursday, October 12th. Morgan Stanley raised their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, TheStreet raised shares of Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Tupperware Brands presently has a consensus rating of “Hold” and a consensus price target of $67.67.
Tupperware Brands (NYSE TUP) opened at $54.55 on Friday. The firm has a market cap of $2,775.91, a P/E ratio of 11.27, a P/E/G ratio of 0.88 and a beta of 1.49. Tupperware Brands has a 52-week low of $54.32 and a 52-week high of $74.36. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of -5.19.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.09. The business had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 159.90%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. equities analysts expect that Tupperware Brands will post 5.17 EPS for the current year.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the sale, the executive vice president now owns 6,765 shares in the company, valued at approximately $422,338.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.14% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Allied Advisory Services Inc. lifted its holdings in Tupperware Brands by 1.2% during the 2nd quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock valued at $405,000 after buying an additional 66 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Tupperware Brands by 3.4% in the 2nd quarter. Raymond James Trust N.A. now owns 3,794 shares of the company’s stock valued at $266,000 after purchasing an additional 124 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tupperware Brands by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Tupperware Brands by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock valued at $1,136,000 after purchasing an additional 244 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its holdings in shares of Tupperware Brands by 3.3% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,325 shares of the company’s stock valued at $585,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 84.12% 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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