Tupperware Brands Corporation (NYSE:TUP) Receives Average Recommendation of “Hold” from Analysts
Shares of Tupperware Brands Corporation (NYSE:TUP) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $65.00.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Sidoti boosted their price target on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, B. Riley reissued a “neutral” rating and set a $54.00 price target on shares of Tupperware Brands Corporation in a research note on Sunday, April 23rd.
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Shares of Tupperware Brands Corporation (TUP) traded down 0.20% during mid-day trading on Tuesday, reaching $68.97. 208,058 shares of the company were exchanged. Tupperware Brands Corporation has a 12 month low of $52.32 and a 12 month high of $74.36. The stock has a market capitalization of $3.50 billion, a P/E ratio of 15.40 and a beta of 1.64. The firm has a 50-day moving average price of $71.31 and a 200 day moving average price of $63.32.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. The business had revenue of $554.80 million during the quarter, compared to the consensus estimate of $532.58 million. Tupperware Brands Corporation had a net margin of 10.15% and a return on equity of 107.77%. Tupperware Brands Corporation’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities research analysts anticipate that Tupperware Brands Corporation will post $4.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Tuesday, June 20th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, June 16th. Tupperware Brands Corporation’s payout ratio is presently 60.85%.
In other Tupperware Brands Corporation news, SVP Josef Hajek sold 414 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $71.80, for a total value of $29,725.20. Following the completion of the sale, the senior vice president now owns 3,568 shares of the company’s stock, valued at $256,182.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $70.67, for a total transaction of $141,340.00. Following the completion of the sale, the executive vice president now directly owns 20,665 shares of the company’s stock, valued at approximately $1,460,395.55. The disclosure for this sale can be found here. Insiders sold 83,737 shares of company stock valued at $6,075,920 in the last ninety days. Insiders own 3.14% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Tupperware Brands Corporation by 15,657.3% in the first quarter. BlackRock Inc. now owns 8,529,559 shares of the company’s stock valued at $534,973,000 after buying an additional 8,475,428 shares during the period. Norges Bank bought a new position in Tupperware Brands Corporation during the fourth quarter valued at $21,925,000. Miller Howard Investments Inc. NY bought a new position in Tupperware Brands Corporation during the first quarter valued at $25,917,000. WBI Investments Inc. bought a new position in Tupperware Brands Corporation during the first quarter valued at $17,503,000. Finally, Thrivent Financial For Lutherans boosted its position in Tupperware Brands Corporation by 215.8% in the first quarter. Thrivent Financial For Lutherans now owns 395,301 shares of the company’s stock valued at $24,793,000 after buying an additional 270,111 shares during the period. 90.21% of the stock is owned by hedge funds and other institutional investors.
Tupperware Brands Corporation Company Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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