Tupperware Brands Insider Asha Gupta Sells 1,108 Shares (TUP)
Tupperware Brands (NYSE:TUP) Insider Asha Gupta sold 1,108 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $85.25, for a total value of $94,457.00. Following the completion of the transaction, the insider now directly owns 17,917 shares in the company, valued at approximately $1,527,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tupperware Brands (NYSE:TUP) traded down 0.33% on Wednesday, hitting $85.12. The stock had a trading volume of 131,775 shares. Tupperware Brands has a 52-week low of $73.07 and a 52-week high of $97.14. The stock’s 50-day moving average is $84.11 and its 200-day moving average is $85.91. The company has a market cap of $4.295 billion and a price-to-earnings ratio of 16.59.
Tupperware Brands (NYSE:TUP) last issued its quarterly 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. On average, analysts predict that Tupperware Brands will post $5.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 7th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, June 16th.
TUP has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Tupperware Brands 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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