Tupperware Brands Co. (TUP) Receives Consensus Rating of “Hold” from Brokerages

Tupperware Brands Co. (NYSE:TUP) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $68.40.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Thursday, September 28th. Citigroup increased their price target on Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a report on Thursday, October 12th. Morgan Stanley increased their price target on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, October 26th.

Shares of Tupperware Brands (NYSE TUP) opened at $62.89 on Thursday. Tupperware Brands has a 52 week low of $53.65 and a 52 week high of $74.36. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $3,200.00, a P/E ratio of 22.87, a P/E/G ratio of 1.02 and a beta of 1.75.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The company had revenue of $539.50 million during the quarter, compared to the consensus estimate 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 was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. equities analysts forecast that Tupperware Brands will post 4.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.33%. Tupperware Brands’s dividend payout ratio is currently 98.91%.

In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction that occurred on 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 transaction, the chairman now owns 54,059 shares in the company, valued at $3,203,536.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total transaction of $124,860.00. Following the completion of the transaction, the executive vice president now owns 6,765 shares in the company, valued at approximately $422,338.95. The disclosure for this sale can be found here. Insiders sold 50,600 shares of company stock worth $3,010,776 in the last three months. 3.14% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of TUP. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tupperware Brands during the 3rd quarter valued at $102,000. Tower Research Capital LLC TRC bought a new position in shares of Tupperware Brands during the 2nd quarter valued at $121,000. Ffcm LLC raised its holdings in shares of Tupperware Brands by 146.1% during the 2nd 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 raised its holdings in shares of Tupperware Brands by 9.7% during the 2nd 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. Finally, Mckinley Capital Management LLC Delaware raised its holdings in shares of Tupperware Brands by 1,157.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after purchasing an additional 2,246 shares in the last quarter. 83.71% of the stock is 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.

Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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