Tupperware Brands (NYSE:TUP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Tupperware Brands from a “buy” rating to a “sell” rating in a report on Wednesday, December 27th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Tupperware Brands in a research note on Friday, October 27th. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley raised their price objective on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Tupperware Brands currently has an average rating of “Hold” and a consensus price target of $68.83.
Tupperware Brands (NYSE:TUP) traded down $0.52 during midday trading on Thursday, reaching $62.37. The company’s stock had a trading volume of 352,733 shares, compared to its average volume of 435,867. The stock has a market cap of $3,180.00, a PE ratio of 22.68, a PEG ratio of 1.02 and a beta of 1.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands has a fifty-two week low of $53.65 and a fifty-two week high of $74.36.
In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the transaction, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock valued at $3,010,776 over the last three months. 3.22% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Tupperware Brands in the 3rd quarter valued at $102,000. Tower Research Capital LLC TRC purchased a new position in shares of Tupperware Brands in the 2nd quarter valued at $121,000. Ffcm LLC increased its holdings in shares of Tupperware Brands by 146.1% in the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after acquiring an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tupperware Brands by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after acquiring an additional 167 shares during the period. Finally, Mckinley Capital Management LLC Delaware increased its holdings in shares of Tupperware Brands by 1,157.7% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after acquiring an additional 2,246 shares during the period. Institutional investors own 83.71% of the company’s stock.
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About Tupperware Brands
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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