Tupperware Brands (NYSE:TUP) Shares Down 0.9%

Tupperware Brands Co. (NYSE:TUP)’s stock price dropped 0.9% during trading on Monday . The stock traded as low as $12.59 and last traded at $12.56, approximately 204,309 shares traded hands during mid-day trading. A decline of 76% from the average daily volume of 847,676 shares. The stock had previously closed at $12.68.

TUP has been the subject of several analyst reports. Citigroup dropped their target price on shares of Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Zacks Investment Research cut shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Finally, Bank of America restated 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. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.00.

The stock’s 50-day moving average is $15.24 and its 200-day moving average is $21.84. The firm has a market capitalization of $618.68 million, a price-to-earnings ratio of 2.86, a PEG ratio of 0.30 and a beta of 0.91.

Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.04). The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $503.40 million. Tupperware Brands had a negative return on equity of 98.57% and a net margin of 6.79%. Tupperware Brands’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, analysts anticipate that Tupperware Brands Co. will post 3.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Wednesday, September 18th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend is Tuesday, September 17th. Tupperware Brands’s dividend payout ratio is 25.12%.

In other Tupperware Brands news, Director E V. Goings bought 33,500 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $15.00 per share, for a total transaction of $502,500.00. Following the completion of the transaction, the director now directly owns 103,853 shares of the company’s stock, valued at $1,557,795. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kriss Cloninger III bought 4,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $15.00 per share, with a total value of $60,000.00. Following the transaction, the director now directly owns 53,809 shares of the company’s stock, valued at $807,135. The disclosure for this purchase can be found here. Corporate insiders own 4.58% of the company’s stock.

A number of large investors have recently modified their holdings of TUP. Mackenzie Financial Corp boosted its position in Tupperware Brands by 195.8% during the second quarter. Mackenzie Financial Corp now owns 803,427 shares of the company’s stock worth $15,289,000 after purchasing an additional 531,784 shares during the period. Renaissance Technologies LLC boosted its position in Tupperware Brands by 41.2% during the second quarter. Renaissance Technologies LLC now owns 1,560,955 shares of the company’s stock worth $29,705,000 after purchasing an additional 455,200 shares during the period. Spark Investment Management LLC boosted 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 period. LGT Capital Partners LTD. boosted its position in Tupperware Brands by 54.8% during the second quarter. LGT Capital Partners LTD. now owns 1,143,420 shares of the company’s stock worth $21,759,000 after purchasing an additional 404,840 shares during the period. Finally, AQR Capital Management LLC boosted its position in Tupperware Brands by 18.5% during the second quarter. AQR Capital Management LLC now owns 2,101,761 shares of the company’s stock worth $39,997,000 after purchasing an additional 327,978 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Tupperware Brands Company Profile (NYSE:TUP)

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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