Tupperware Brands VP Robert F. Wagner Sells 3,317 Shares (TUP)
Tupperware Brands (NYSE:TUP) VP Robert F. Wagner sold 3,317 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $85.00, for a total transaction of $281,945.00. Following the transaction, the vice president now directly owns 834 shares of the company’s stock, valued at approximately $70,890. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Tupperware Brands (NYSE:TUP) traded down 0.23% during mid-day trading on Tuesday, hitting $85.00. 142,233 shares of the company’s stock traded hands. 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 $84.07 and a 200-day moving average of $85.94. The company has a market cap of $4.289 billion and a price-to-earnings ratio of 16.55.
Tupperware Brands (NYSE:TUP) last released its earnings data on Wednesday, April 23rd. The company reported $1.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.18 earnings per share. Tupperware Brands’s revenue was up .0% compared to the same quarter last year. 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. Stockholders 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 3.19%. The ex-dividend date of this dividend is Monday, June 16th.
Several analysts have recently commented on the stock. 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 given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.56.
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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