Tupperware Brands CFO Michael S. Poteshman Unloads 2,000 Shares (TUP)
Tupperware Brands (NYSE:TUP) CFO Michael S. Poteshman sold 2,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $83.74, for a total value of $167,480.00. Following the completion of the sale, the chief financial officer now directly owns 31,589 shares in the company, valued at approximately $2,645,263. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Tupperware Brands (NYSE:TUP) traded down 1.28% on Tuesday, hitting $82.55. 173,313 shares of the company’s stock traded hands. Tupperware Brands has a 1-year low of $73.07 and a 1-year high of $97.14. The stock has a 50-day moving average of $84.57 and a 200-day moving average of $85.37. The company has a market cap of $4.165 billion and a P/E ratio of 16.25.
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 $5.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 7th. Shareholders 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 3.25%. The ex-dividend date of this dividend 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 issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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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