Shares of Tupperware Brands (NYSE:TUP) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $58.50.
Several research analysts have recently commented on TUP shares. Zacks Investment Research lowered Tupperware Brands from a “buy” rating to a “sell” rating in a report on Wednesday, December 27th. Morgan Stanley cut their price objective on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Bank of America cut their price objective on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a report on Thursday, February 22nd. Citigroup cut their price objective on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, March 13th. Finally, ValuEngine lowered Tupperware Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
In other Tupperware Brands news, Vice Chairman Simon C. Hemus sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $43.19, for a total value of $604,660.00. Following the completion of the sale, the insider now owns 25,307 shares of the company’s stock, valued at $1,093,009.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David R. Parker acquired 3,000 shares of the stock in a transaction on Thursday, April 12th. The stock was bought at an average price of $41.70 per share, with a total value of $125,100.00. Following the transaction, the director now directly owns 24,039 shares of the company’s stock, valued at approximately $1,002,426.30. The disclosure for this purchase can be found here. 3.42% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in Tupperware Brands in the third quarter valued at approximately $102,000. Ffcm LLC lifted its position in Tupperware Brands by 1,021.1% in 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 last quarter. Macquarie Group Ltd. lifted its position in Tupperware Brands by 183.3% in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tupperware Brands by 48.4% in 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 last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in Tupperware Brands in the fourth quarter valued at approximately $177,000. Hedge funds and other institutional investors own 84.86% of the company’s stock.
Shares of NYSE TUP traded down $1.03 during midday trading on Friday, hitting $42.77. 785,657 shares of the company’s stock were exchanged, compared to its average volume of 832,729. Tupperware Brands has a 12-month low of $40.78 and a 12-month high of $74.36. 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 capitalization of $2,221.53, a price-to-earnings ratio of 9.05, a PEG ratio of 0.78 and a beta of 1.52.
Tupperware Brands (NYSE:TUP) last issued 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. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. The company had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Tupperware Brands’s revenue was down 2.0% on a year-over-year basis. analysts predict that Tupperware Brands will post 4.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 6.36%. The ex-dividend date was Monday, March 19th. Tupperware Brands’s dividend payout ratio is currently 56.20%.
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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.
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