Insider Selling: Tupperware Brands Co. (TUP) EVP Sells 2,000 Shares of Stock
Tupperware Brands Co. (NYSE:TUP) EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $62.07, for a total transaction of $124,140.00. Following the sale, the executive vice president now owns 10,665 shares of the company’s stock, valued at $661,976.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tupperware Brands Co. (TUP) traded up $0.22 on Tuesday, reaching $62.12. 500,100 shares of the company traded hands, compared to its average volume of 503,795. The firm has a market capitalization of $3,149.94, a PE ratio of 13.17, a PEG ratio of 1.09 and a beta of 1.75. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Tupperware Brands Co. has a 1 year low of $52.32 and a 1 year high of $74.36.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. The firm had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. sell-side analysts predict that Tupperware Brands Co. will post 4.75 earnings per share for the current year.
TUP has been the subject of several analyst reports. TheStreet upgraded shares of Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Thursday, September 28th. Morgan Stanley upped their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks restated a “hold” rating and issued a $65.00 target price on shares of Tupperware Brands in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.33.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tupperware Brands during the third quarter worth $102,000. Tower Research Capital LLC TRC acquired a new stake in shares of Tupperware Brands during the second quarter worth $121,000. Ffcm LLC raised its holdings in shares of Tupperware Brands by 146.1% during the second quarter. Ffcm LLC now owns 1,846 shares of the company’s stock worth $130,000 after purchasing an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tupperware Brands by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after purchasing an additional 167 shares during the period. Finally, Mckinley Capital Management LLC Delaware raised its holdings in shares of Tupperware Brands by 1,157.7% during the third quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after purchasing an additional 2,246 shares during the period. 83.92% of the stock is currently owned by hedge funds and other institutional investors.
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Tupperware Brands 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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