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. 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 they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
A number of other equities research analysts have also recently commented on the stock. TheStreet upgraded shares of Tupperware Brands from a d+ rating to a c rating in a research report on Friday, March 15th. Bank of America reiterated an underperform rating and issued a $20.00 target price (down from $24.00) on shares of Tupperware Brands in a research report on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has an average rating of Sell and an average target price of $33.25.
Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, April 24th. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.01). The business had revenue of $487.30 million during the quarter, compared to analyst estimates of $496.60 million. Tupperware Brands had a net margin of 7.80% and a negative return on equity of 102.79%. Tupperware Brands’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. On average, sell-side analysts anticipate that Tupperware Brands will post 4.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Wednesday, June 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Tuesday, June 18th. Tupperware Brands’s payout ratio is currently 25.12%.
A number of institutional investors have recently added to or reduced their stakes in TUP. Norges Bank acquired a new stake in Tupperware Brands during the fourth quarter worth about $18,910,000. Prudential Financial Inc. increased its position in Tupperware Brands by 1,424.7% during the fourth quarter. Prudential Financial Inc. now owns 521,469 shares of the company’s stock worth $16,463,000 after purchasing an additional 487,267 shares during the last quarter. Spark Investment Management LLC increased its position in Tupperware Brands by 438.4% during the first quarter. Spark Investment Management LLC now owns 500,200 shares of the company’s stock worth $12,795,000 after purchasing an additional 407,300 shares during the last quarter. Millennium Management LLC increased its position in Tupperware Brands by 272.9% during the fourth quarter. Millennium Management LLC now owns 391,131 shares of the company’s stock worth $12,348,000 after purchasing an additional 286,248 shares during the last quarter. Finally, Dean Investment Associates LLC acquired a new stake in Tupperware Brands during the first quarter worth about $4,807,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.
Tupperware Brands Company Profile
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.
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