Insider Selling: Michael S. Poteshman Unloads 2,000 Shares of Tupperware Brands Stock (TUP)
Tupperware Brands (NYSE:TUP) CFO Michael S. Poteshman unloaded 2,000 shares of Tupperware Brands stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $73.17, for a total value of $146,340.00. Following the sale, the chief financial officer now directly owns 34,257 shares in the company, valued at approximately $2,506,585. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 given a hold rating and three have issued a buy rating to the company’s stock. Tupperware Brands currently has a consensus rating of “Hold” and an average target price of $86.25.
Shares of Tupperware Brands (NYSE:TUP) traded down 0.27% during mid-day trading on Tuesday, hitting $73.06. The stock had a trading volume of 922,239 shares. Tupperware Brands has a 1-year low of $71.90 and a 1-year high of $97.14. The stock has a 50-day moving average of $76.09 and a 200-day moving average of $81.08. The company has a market cap of $3.681 billion and a price-to-earnings ratio of 15.79.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, July 23rd. The company reported $1.47 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.46 earnings per share. Tupperware Brands’s revenue was down 2.0% compared to the same quarter last year. Analysts expect that Tupperware Brands will post $5.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, September 16th.
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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