Tupperware Brands Corp. VP Unloads $440,400 in Stock (TUP)
Tupperware Brands Corp. (NYSE:TUP) VP Edward Davis III sold 5,000 shares of Tupperware Brands Corp. stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $88.08, for a total transaction of $440,400.00. Following the completion of the transaction, the vice president now directly owns 3,503 shares in the company, valued at approximately $308,544. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Tupperware Brands Corp. (NYSE:TUP) traded up 0.26% on Monday, hitting $89.16. 136,892 shares of the company’s stock traded hands. Tupperware Brands Corp. has a 52 week low of $52.36 and a 52 week high of $88.18. The stock has a 50-day moving average of $84.32 and a 200-day moving average of $81.29. The company has a market cap of $4.587 billion and a P/E ratio of 18.60.
Tupperware Brands Corp. (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.00 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Tupperware Brands Corp. will post $5.51 earnings per share for the current fiscal year.
TUP has been the subject of a number of recent research reports. 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 given a buy rating to the stock. Tupperware Brands Corp. has a consensus rating of “Hold” and a consensus price target 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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