Tupperware Brands EVP Jose R. Timmerman Unloads 30,750 Shares (TUP)
Tupperware Brands (NYSE:TUP) EVP Jose R. Timmerman sold 30,750 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $74.19, for a total value of $2,281,342.50. Following the transaction, the executive vice president now directly owns 35,829 shares in the company, valued at approximately $2,658,154. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Tupperware Brands (NYSE:TUP) traded up 1.29% on Friday, hitting $74.53. The stock had a trading volume of 510,250 shares. Tupperware Brands has a 1-year low of $71.90 and a 1-year high of $97.14. The stock’s 50-day moving average is $80.68 and its 200-day moving average is $81.84. The company has a market cap of $3.756 billion and a price-to-earnings ratio of 15.85.
Tupperware Brands (NYSE:TUP) last released its earnings data 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. On average, analysts predict that Tupperware Brands will post $5.45 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Tupperware Brands presently has a consensus 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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