Tupperware Brands (TUP) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a sell rating to a hold rating in a research report sent to investors 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. “

A number of other research analysts have also commented on the company. ValuEngine raised Tupperware Brands from a hold rating to a buy rating in a report on Thursday. KeyCorp reissued a hold rating on shares of Tupperware Brands in a report on Saturday, November 25th. SunTrust Banks reissued a hold rating and set a $65.00 price target on shares of Tupperware Brands in a report on Friday, October 27th. TheStreet raised Tupperware Brands from a c rating to a b- rating in a report on Wednesday, October 25th. Finally, Morgan Stanley raised their price target on Tupperware Brands from $71.00 to $72.00 and gave the company an equal weight rating in a 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 issued a buy rating to the stock. Tupperware Brands currently has a consensus rating of Hold and an average price target of $68.83.

Shares of Tupperware Brands (TUP) traded up $0.22 on Friday, hitting $63.59. The stock had a trading volume of 361,317 shares, compared to its average volume of 393,420. The firm has a market capitalization of $3,224.74, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands has a 52 week low of $53.65 and a 52 week high of $74.36.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $539.50 million for the quarter, compared to analyst estimates of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. research analysts expect that Tupperware Brands will post 4.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Tuesday, December 19th. Tupperware Brands’s payout ratio is currently 98.91%.

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

Large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new position in Tupperware Brands during the third quarter worth about $102,000. Tower Research Capital LLC TRC acquired a new position in Tupperware Brands during the second quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tupperware Brands by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after acquiring an additional 167 shares during the period. Mckinley Capital Management LLC Delaware grew its holdings in Tupperware Brands by 1,157.7% during the third quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock worth $151,000 after acquiring an additional 2,246 shares during the period. Finally, Baker Avenue Asset Management LP acquired a new position in Tupperware Brands during the second quarter worth about $203,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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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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