Tupperware Brands (TUP) Rating Increased to Buy at Zacks Investment Research

Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $71.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.44% 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 recently commented on the stock. Morgan Stanley lifted their target price on shares of 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 Thursday, October 12th. SunTrust Banks reissued a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Citigroup lifted their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Tupperware Brands has an average rating of “Hold” and an average price target of $68.83.

Tupperware Brands (TUP) traded up $1.59 during trading on Friday, hitting $63.71. 401,466 shares of the company’s stock traded hands, compared to its average volume of 288,300. Tupperware Brands has a 1 year low of $55.16 and a 1 year high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. The company has a market cap of $3,161.13, a PE ratio of 23.17, a P/E/G ratio of 1.01 and a beta of 1.75.

Tupperware Brands (NYSE:TUP) last posted its 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 net margin of 6.18% and a return on equity of 101.23%. The firm had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. During the same quarter last year, the firm earned $0.87 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. sell-side analysts expect that Tupperware Brands will post 4.75 EPS for the current fiscal year.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $62.07, for a total transaction of $124,140.00. Following the completion of the sale, the executive vice president now owns 10,665 shares in the company, valued at approximately $661,976.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the firm’s stock in a transaction that occurred 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 sale, the chairman now owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,600 shares of company stock valued at $3,010,776. 3.22% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Tupperware Brands by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,135,842 shares of the company’s stock worth $70,217,000 after purchasing an additional 8,594 shares during the last quarter. Schroder Investment Management Group grew its stake 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 buying an additional 4,611 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 buying an additional 11,710 shares in the last quarter. Huber Capital Management LLC grew its stake 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 buying an additional 277,660 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake 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 buying an additional 7,401 shares in the last quarter. Institutional investors own 83.66% 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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