Zacks Investment Research Downgrades Tupperware Brands Corporation (NYSE:TUP) to Hold

Zacks Investment Research lowered shares of Tupperware Brands Corporation (NYSE:TUP) from a buy rating to a hold rating in a research note issued to investors on Saturday, July 29th.

According to Zacks, “Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. 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 its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands. “

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Tupperware Brands Corporation from a strong-buy rating to a buy rating in a research note on Thursday, July 13th. Sidoti boosted their price target on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a buy rating in a research report on Monday, May 22nd. Finally, B. Riley reiterated a neutral rating and set a $54.00 price target on shares of Tupperware Brands Corporation in a research report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands Corporation has a consensus rating of Hold and an average target price of $71.33.

Shares of Tupperware Brands Corporation (NYSE:TUP) opened at 57.05 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 18.45 and a beta of 1.61. Tupperware Brands Corporation has a one year low of $52.32 and a one year high of $74.36. The stock has a 50 day moving average price of $64.35 and a 200-day moving average price of $65.54.

Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $572.90 million during the quarter, compared to the consensus estimate of $580.19 million. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, equities research analysts expect that Tupperware Brands Corporation will post $4.70 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio is currently 87.74%.

In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $71.94, for a total value of $143,880.00. Following the sale, the executive vice president now owns 20,765 shares in the company, valued at $1,493,834.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Josef Hajek sold 2,950 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $71.59, for a total transaction of $211,190.50. Following the completion of the sale, the senior vice president now owns 6,304 shares in the company, valued at approximately $451,303.36. The disclosure for this sale can be found here. Insiders have sold 21,200 shares of company stock worth $1,508,578 in the last quarter. 3.22% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in TUP. Norges Bank acquired a new stake in shares of Tupperware Brands Corporation during the fourth quarter worth $21,925,000. Highbridge Capital Management LLC boosted its stake in Tupperware Brands Corporation by 53.6% in the fourth quarter. Highbridge Capital Management LLC now owns 7,938 shares of the company’s stock worth $418,000 after buying an additional 2,770 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Tupperware Brands Corporation during the first quarter worth approximately $230,000. CrestPoint Capital Management LLC purchased a new stake in Tupperware Brands Corporation during the first quarter worth approximately $935,000. Finally, Capstone Asset Management Co. boosted its stake in Tupperware Brands Corporation by 11.7% in the first quarter. Capstone Asset Management Co. now owns 68,977 shares of the company’s stock worth $4,326,000 after buying an additional 7,198 shares during the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

Tupperware Brands Corporation 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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