Zacks Investment Research upgraded shares of Tupperware Brands Corporation (NYSE:TUP) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
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. “
Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Tupperware Brands Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. ValuEngine downgraded shares of Tupperware Brands Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. KeyCorp reissued a hold rating on shares of Tupperware Brands Corporation in a research report on Thursday, October 12th. Citigroup Inc. increased their price objective on shares of Tupperware Brands Corporation from $67.00 to $68.00 and gave the stock a neutral rating in a research report on Monday, October 2nd. Finally, TheStreet downgraded shares of Tupperware Brands Corporation from a b- rating to a c rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $68.33.
Shares of Tupperware Brands Corporation (NYSE TUP) traded down 0.62% during midday trading on Friday, hitting $61.00. 447,263 shares of the company’s stock were exchanged. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The company has a 50-day moving average of $60.66 and a 200-day moving average of $65.20. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 19.73 and a beta of 1.64.
Tupperware Brands Corporation (NYSE:TUP) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.06%. The company had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect that Tupperware Brands Corporation will post $4.75 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 20th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Tuesday, September 19th. Tupperware Brands Corporation’s dividend payout ratio (DPR) is currently 98.91%.
In related news, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $61.56, for a total value of $123,120.00. Following the completion of the transaction, the executive vice president now owns 12,765 shares of the company’s stock, valued at $785,813.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 6,000 shares of company stock valued at $361,180. 3.22% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in TUP. Tower Research Capital LLC TRC bought a new position in Tupperware Brands Corporation in the second quarter valued at $121,000. Ffcm LLC lifted its stake in Tupperware Brands Corporation by 146.1% in the second 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tupperware Brands Corporation by 9.7% in the second 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 last quarter. Mascoma Wealth Management LLC lifted its stake in Tupperware Brands Corporation by 5,000.0% in the second quarter. Mascoma Wealth Management LLC now owns 2,142 shares of the company’s stock valued at $150,000 after acquiring an additional 2,100 shares during the last quarter. Finally, AT Bancorp acquired a new stake in Tupperware Brands Corporation in the second quarter valued at $179,000. 85.33% of the stock is owned by institutional investors and hedge funds.
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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