Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $71.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.54% from the company’s current price.
According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.2 million. 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 the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and for over 65 years they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
Other equities research analysts have also issued reports about the company. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their target price on Tupperware Brands from $71.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Finally, SunTrust Banks reissued a “hold” rating and set a $65.00 price target on shares of Tupperware Brands in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Tupperware Brands currently has a consensus rating of “Hold” and a consensus price target of $68.83.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. Tupperware Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. research analysts expect that Tupperware Brands will post 4.75 earnings per share for the current fiscal year.
In other Tupperware Brands news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $62.07, for a total value of $124,140.00. Following the transaction, the executive vice president now owns 10,665 shares in the company, valued at $661,976.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now owns 54,059 shares in the company, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock worth $3,009,036 in the last 90 days. Corporate insiders own 3.14% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TUP. Principal Financial Group Inc. boosted its stake in shares of Tupperware Brands by 143.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,127,248 shares of the company’s stock worth $79,167,000 after acquiring an additional 663,454 shares in the last quarter. Huber Capital Management LLC boosted its stake in shares of Tupperware Brands by 44.3% during the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after acquiring an additional 277,660 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Tupperware Brands by 439.0% during the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after acquiring an additional 226,091 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Tupperware Brands during the 2nd quarter worth about $9,966,000. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Tupperware Brands by 34.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock worth $37,439,000 after acquiring an additional 137,790 shares in the last quarter. Institutional investors own 83.91% of the company’s stock.
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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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