Tupperware Brands Corp. (TUP) Sees Unusually-High Trading Volume
Tupperware Brands Corp. (NYSE:TUP) saw unusually-strong trading volume on Wednesday . Approximately 614,995 shares changed hands during trading, an increase of 62% from the previous session’s volume of 380,448 shares.The stock last traded at $63.46 and had previously closed at $62.64.
Several analysts have recently commented on TUP shares. Zacks Investment Research lowered shares of Tupperware Brands Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. TheStreet raised shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $61.00 price target (up previously from $55.00) on shares of Tupperware Brands Corp. in a research report on Friday, July 22nd. SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $62.00 price target (up previously from $57.00) on shares of Tupperware Brands Corp. in a research report on Monday, July 25th. Finally, B. Riley reiterated a “neutral” rating and issued a $53.00 target price on shares of Tupperware Brands Corp. in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.50.
The company has a 50-day moving average of $64.57 and a 200-day moving average of $59.27. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.86 and a beta of 1.59.
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Tupperware Brands Corp. (NYSE:TUP) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.10 by $0.06. The business had revenue of $564.70 million for the quarter, compared to analyst estimates of $559.91 million. Tupperware Brands Corp. had a net margin of 8.63% and a return on equity of 134.49%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. Analysts forecast that Tupperware Brands Corp. will post $4.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 20th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, September 16th. Tupperware Brands Corp.’s dividend payout ratio is currently 72.34%.
In related news, insider Asha Gupta sold 917 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $62.70, for a total transaction of $57,495.90. Following the completion of the sale, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $940,500. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $64.94, for a total transaction of $129,880.00. Following the sale, the executive vice president now directly owns 37,900 shares of the company’s stock, valued at $2,461,226. The disclosure for this sale can be found here. Company insiders own 3.22% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Japan Co. Ltd raised its stake in Tupperware Brands Corp. by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 2,021 shares of the company’s stock worth $117,000 after buying an additional 10 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Tupperware Brands Corp. by 132.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,630 shares of the company’s stock worth $148,000 after buying an additional 1,500 shares during the last quarter. Tompkins Financial Corp raised its stake in Tupperware Brands Corp. by 3.8% in the second quarter. Tompkins Financial Corp now owns 2,765 shares of the company’s stock worth $156,000 after buying an additional 100 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Tupperware Brands Corp. during the second quarter worth $157,000. Finally, LS Investment Advisors LLC raised its stake in Tupperware Brands Corp. by 65.7% in the second quarter. LS Investment Advisors LLC now owns 3,107 shares of the company’s stock worth $175,000 after buying an additional 1,232 shares during the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.
Tupperware Brands Corp. Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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