Insider Selling: Jose R. Timmerman Sells 14,200 Shares of Tupperware Brands Stock (TUP)
Tupperware Brands (NYSE:TUP) EVP Jose R. Timmerman unloaded 14,200 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $73.82, for a total transaction of $1,048,244.00. Following the transaction, the executive vice president now directly owns 35,829 shares of the company’s stock, valued at approximately $2,644,897. The sale was disclosed in a document filed with the SEC, which is available at this link.
Tupperware Brands (NYSE:TUP) traded up 1.29% during mid-day trading on Friday, hitting $74.53. 510,250 shares of the company’s stock traded hands. Tupperware Brands has a 52 week low of $71.90 and a 52 week high of $97.14. The stock has a 50-day moving average of $80.45 and a 200-day moving average of $81.79. The company has a market cap of $3.756 billion and a P/E 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. Analysts expect that Tupperware Brands will post $5.45 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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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