Insider Selling: Tupperware Brands SVP Sells 2,000 Shares of Stock (TUP)
Tupperware Brands (NYSE:TUP) SVP Josef Hajek unloaded 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $75.45, for a total transaction of $150,900.00. Following the sale, the senior vice president now directly owns 1,256 shares of the company’s stock, valued at approximately $94,765. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Tupperware Brands (NYSE:TUP) traded down 0.08% on Monday, hitting $73.9801. The stock had a trading volume of 597,667 shares. Tupperware Brands has a 52 week low of $73.70 and a 52 week high of $97.14. The stock’s 50-day moving average is $83.17 and its 200-day moving average is $82.95. The company has a market cap of $3.707 billion and a price-to-earnings ratio of 15.95.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.47. The company had revenue of $674.00 million for the quarter, compared to the consensus estimate of $687.82 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts expect that Tupperware Brands will post $5.54 EPS for the current fiscal year.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tupperware Brands in a research note on Thursday. They now have a $81.00 price target on the stock, down previously from $91.00. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $89.45.
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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