Tupperware Brands (TUP) Price Target Cut to $47.00 by Analysts at Bank of America

Tupperware Brands (NYSE:TUP) had its target price decreased by Bank of America from $55.00 to $47.00 in a research note published on Tuesday. Bank of America currently has an underperform rating on the stock.

A number of other research firms have also recently issued reports on TUP. SunTrust Banks cut their target price on Tupperware Brands to $64.00 and set a hold rating on the stock in a research note on Thursday, February 1st. Zacks Investment Research cut Tupperware Brands from a buy rating to a sell rating in a research note on Wednesday, December 27th. Morgan Stanley cut their target price on Tupperware Brands from $66.00 to $60.00 and set an equal weight rating on the stock in a research note on Thursday, April 5th. ValuEngine upgraded Tupperware Brands from a hold rating to a buy rating in a research note on Thursday, January 4th. Finally, Citigroup cut their target price on Tupperware Brands from $62.00 to $56.00 and set a neutral rating on the stock in a research note on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands has an average rating of Hold and an average target price of $60.29.

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Shares of TUP opened at $41.76 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of -5.07. The firm has a market cap of $2,126.46, a P/E ratio of 8.60, a PEG ratio of 0.75 and a beta of 1.52. Tupperware Brands has a 12-month low of $40.78 and a 12-month high of $74.36.

Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The company had revenue of $588.60 million for the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. analysts predict that Tupperware Brands will post 4.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is 56.20%.

Several institutional investors and hedge funds have recently modified their holdings of TUP. Steward Partners Investment Advisory LLC acquired a new position in shares of Tupperware Brands during the third quarter valued at $102,000. Ffcm LLC increased its holdings in shares of Tupperware Brands by 1,021.1% during the fourth quarter. Ffcm LLC now owns 1,704 shares of the company’s stock valued at $107,000 after purchasing an additional 1,552 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Tupperware Brands by 183.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after purchasing an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tupperware Brands by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after purchasing an additional 915 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Tupperware Brands during the fourth quarter valued at $177,000. 84.85% of the stock is currently owned by institutional investors.

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Tupperware Brands Company Profile

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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