Tupperware Brands (TUP) Stock Rating Upgraded by Zacks Investment Research

Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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 analysts have also recently issued reports about the company. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. TheStreet upgraded Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and set a $65.00 price target on shares of Tupperware Brands in a research report on Friday, October 27th. Finally, Morgan Stanley boosted their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $68.83.

Shares of Tupperware Brands (NYSE:TUP) opened at $63.37 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. Tupperware Brands has a 12-month low of $53.65 and a 12-month high of $74.36. The company has a market capitalization of $3,210.00, a P/E ratio of 23.04, 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts predict that Tupperware Brands will post 4.75 EPS for the current fiscal year.

In other news, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was 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 of the company’s stock, valued at approximately $3,203,536.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total value of $118,780.00. Following the completion of the transaction, the executive vice president now directly owns 10,765 shares in the company, valued at approximately $639,333.35. The disclosure for this sale can be found here. Insiders have sold 50,600 shares of company stock worth $3,010,776 in the last three months. 3.22% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of Tupperware Brands in the 3rd quarter valued at $102,000. Tower Research Capital LLC TRC purchased a new stake in shares of Tupperware Brands in the 2nd quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 buying an additional 167 shares during the period. Mckinley Capital Management LLC Delaware raised 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 buying an additional 2,246 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Tupperware Brands in the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 83.71% 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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