Tupperware Brands SVP Sells $252,630 in Stock (TUP)
Tupperware Brands (NYSE:TUP) SVP Josef Hajek sold 3,000 shares of Tupperware Brands stock on the open market in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $84.21, for a total transaction of $252,630.00. Following the sale, the senior vice president now directly owns 3,256 shares in the company, valued at approximately $274,188. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on TUP. Analysts at BMO Capital Markets raised their price target on shares of Tupperware Brands from $80.00 to $89.00 in a research note on Friday, April 25th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tupperware Brands from $89.00 to $91.00 in a research note on Thursday, April 24th. Finally, analysts at B. Riley raised their price target on shares of Tupperware Brands from $102.00 to $103.00 in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tupperware Brands currently has a consensus rating of “Hold” and an average price target of $89.56.
Shares of Tupperware Brands (NYSE:TUP) traded up 1.27% on Monday, hitting $85.35. The stock had a trading volume of 91,071 shares. Tupperware Brands has a 52-week low of $73.07 and a 52-week high of $97.14. The stock has a 50-day moving average of $83.98 and a 200-day moving average of $86.02. The company has a market cap of $4.306 billion and a price-to-earnings ratio of 16.37.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. The company had revenue of $663.00 million for the quarter, compared to the consensus estimate of $650.10 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Tupperware Brands will post $5.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 7th. Investors of record on Wednesday, June 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.23%.
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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