Insider Selling: R Glenn Drake Sells 19,850 Shares of Tupperware Brands Corp. Stock (TUP)
Tupperware Brands Corp. (NYSE:TUP) Insider R Glenn Drake unloaded 19,850 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $88.45, for a total value of $1,755,732.50. Following the completion of the transaction, the insider now directly owns 11,801 shares in the company, valued at approximately $1,043,798. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Tupperware Brands Corp. (NYSE:TUP) traded up 0.17% during mid-day trading on Monday, hitting $89.08. The stock had a trading volume of 135,192 shares. Tupperware Brands Corp. has a one year low of $52.36 and a one year high of $88.18. The stock’s 50-day moving average is $84.32 and its 200-day moving average is $81.29. The company has a market cap of $4.583 billion and a P/E ratio of 18.60.
Tupperware Brands Corp. (NYSE:TUP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.03. The company had revenue of $603.00 million for the quarter, compared to the consensus estimate of $622.85 million. During the same quarter last year, the company posted $0.95 earnings per share. Tupperware Brands Corp.’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that Tupperware Brands Corp. will post $5.51 EPS for the current fiscal year.
A number of analysts have recently weighed in on TUP shares. Analysts at BMO Capital Markets cut their price target on shares of Tupperware Brands Corp. from $91.00 to $88.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Bank of America Corp. downgraded shares of Tupperware Brands Corp. to a “neutral” rating in a research note to investors on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tupperware Brands Corp. currently has an average rating of “Hold” and an average target price of $84.33.
Tupperware Brands Corporation (NYSE:TUP) is a global direct seller of products across multiple brands and categories through an independent sales force of 2.
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