Tupperware Brands (NYSE:TUP) Director David R. Parker purchased 3,000 shares of the stock in a transaction on Thursday, April 12th. The shares were purchased at an average price of $41.70 per share, for a total transaction of $125,100.00. Following the transaction, the director now directly owns 24,039 shares of the company’s stock, valued at $1,002,426.30. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
TUP opened at $42.45 on Tuesday. The stock has a market capitalization of $2,132.08, a PE ratio of 8.77, a P/E/G ratio of 0.75 and a beta of 1.51. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of -5.07. Tupperware Brands has a 12 month low of $40.78 and a 12 month high of $74.36.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.09. The firm had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. analysts predict that Tupperware Brands will post 4.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $2.72 annualized dividend and a dividend yield of 6.41%. Tupperware Brands’s dividend payout ratio is currently 56.20%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TUP. Steward Partners Investment Advisory LLC purchased a new position in Tupperware Brands during the 3rd quarter valued at about $102,000. Ffcm LLC increased its holdings in Tupperware Brands by 1,021.1% during the 4th 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 Tupperware Brands by 183.3% during the 4th 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 Tupperware Brands by 48.4% during the 4th 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 purchased a new position in Tupperware Brands during the 4th quarter valued at about $177,000. Hedge funds and other institutional investors own 84.86% of the company’s stock.
A number of research firms have weighed in on TUP. Morgan Stanley lowered their price target on Tupperware Brands from $60.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 11th. Bank of America decreased their price objective on Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, April 10th. Zacks Investment Research downgraded Tupperware Brands from a “hold” rating to a “sell” rating in a report on Friday, April 6th. Citigroup decreased their price objective on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, March 13th. Finally, ValuEngine downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.29.
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About Tupperware Brands
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.
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