Insider Selling: R Glenn Drake Unloads 10,233 Shares of Tupperware Brands Stock (TUP)
Tupperware Brands (NYSE:TUP) Insider R Glenn Drake sold 10,233 shares of the stock on the open market in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $72.98, for a total value of $746,804.34. 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 up 0.92% during mid-day trading on Tuesday, hitting $73.42. 643,370 shares of the company’s stock traded hands. Tupperware Brands has a one year low of $71.90 and a one year high of $97.14. The stock has a 50-day moving average of $81.15 and a 200-day moving average of $81.96. The company has a market cap of $3.679 billion and a price-to-earnings ratio of 15.68.
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 $5.47 EPS for the current fiscal year.
TUP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Tupperware Brands from a “neutral” rating to an “underperform” rating in a research note on Monday, July 28th. They now have a $72.00 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tupperware Brands in a research note on Thursday, July 24th. They now have a $81.00 price target on the stock, down previously from $91.00. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $86.25.
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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