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

Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm presently has a $71.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.40% from the stock’s previous close.

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. “

Several other equities analysts have also commented on TUP. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. Citigroup upped their price target on Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. SunTrust Banks reissued a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research note on Friday, October 27th. Finally, KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Tupperware Brands presently has a consensus rating of “Hold” and a consensus target price of $68.83.

Shares of Tupperware Brands (TUP) traded up $0.81 during trading on Friday, hitting $64.90. The stock had a trading volume of 525,100 shares, compared to its average volume of 375,411. Tupperware Brands has a twelve month low of $54.48 and a twelve month high of $74.36. The firm has a market cap of $3,260.00, a price-to-earnings ratio of 23.60, a PEG ratio of 1.03 and a beta of 1.75. The company has a current ratio of 0.98, a quick ratio of 0.52 and a debt-to-equity ratio of 2.56.

Tupperware Brands (NYSE:TUP) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating 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 business had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. research analysts expect that Tupperware Brands will post 4.75 earnings per share for the current year.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total transaction of $124,860.00. Following the transaction, the executive vice president now owns 6,765 shares of the company’s stock, valued at approximately $422,338.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman E V. Goings sold 44,600 shares of the stock in a transaction dated 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 directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,600 shares of company stock worth $3,010,776. 3.14% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Tupperware Brands by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock valued at $70,217,000 after purchasing an additional 8,594 shares in the last quarter. Schroder Investment Management Group raised its position in Tupperware Brands by 0.5% in the 3rd quarter. Schroder Investment Management Group now owns 1,010,023 shares of the company’s stock valued at $61,844,000 after purchasing an additional 4,611 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Tupperware Brands by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock valued at $57,433,000 after purchasing an additional 11,710 shares in the last quarter. Huber Capital Management LLC raised its position in Tupperware Brands by 44.3% in the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after purchasing an additional 277,660 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Tupperware Brands by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 846,231 shares of the company’s stock valued at $52,314,000 after purchasing an additional 7,401 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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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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