Tupperware Brands Corporation (TUP) Downgraded by Zacks Investment Research to “Hold”
Tupperware Brands Corporation (NYSE:TUP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands. “
TUP has been the subject of several other reports. BidaskClub cut shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. TheStreet cut shares of Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Citigroup Inc. raised their target price on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Finally, ValuEngine cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Tupperware Brands Corporation presently has a consensus rating of “Hold” and an average target price of $68.25.
Tupperware Brands Corporation (TUP) opened at 61.82 on Thursday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 19.99 and a beta of 1.64. The stock’s 50 day moving average is $59.46 and its 200-day moving average is $65.31. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36.
Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The business had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 EPS. On average, equities research analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
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In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $58.54, for a total transaction of $117,080.00. Following the transaction, the executive vice president now owns 14,765 shares of the company’s stock, valued at $864,343.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 6,000 shares of company stock worth $361,180. 3.22% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Tupperware Brands Corporation during the second quarter valued at approximately $121,000. Ffcm LLC lifted its holdings in Tupperware Brands Corporation by 146.1% during the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after purchasing an additional 1,096 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tupperware Brands Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after purchasing an additional 167 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in Tupperware Brands Corporation by 5,000.0% during the second quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock valued at $150,000 after purchasing an additional 2,100 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in Tupperware Brands Corporation by 17.1% during the first quarter. IHT Wealth Management LLC now owns 2,712 shares of the company’s stock valued at $168,000 after purchasing an additional 396 shares in the last quarter. 84.98% of the stock is currently owned by institutional investors and hedge funds.
About Tupperware Brands Corporation
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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