Tupperware Brands Corp. (TUP) Receives $60.17 Average Price Target from Analysts
Tupperware Brands Corp. (NYSE:TUP) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the firm. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $57.33.
Several equities research analysts have commented on the stock. B. Riley downgraded shares of Tupperware Brands Corp. from a “neutral” rating to a “sell” rating and lowered their target price for the company from $64.00 to $47.00 in a research note on Monday. They noted that the move was a valuation call. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $61.00 price target on shares of Tupperware Brands Corp. in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Tupperware Brands Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, TheStreet cut shares of Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 21st.
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Tupperware Brands Corp. (NYSE:TUP) opened at 57.74 on Friday. Tupperware Brands Corp. has a one year low of $42.60 and a one year high of $66.90. The company has a market cap of $2.92 billion, a P/E ratio of 14.44 and a beta of 1.72. The company has a 50-day moving average of $60.34 and a 200 day moving average of $60.66.
Tupperware Brands Corp. (NYSE:TUP) last issued its earnings results on Wednesday, October 19th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Tupperware Brands Corp. had a net margin of 9.20% and a return on equity of 124.54%. The firm earned $521.80 million during the quarter, compared to the consensus estimate of $528.14 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Tupperware Brands Corp. will post $4.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Tuesday, December 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, December 16th. Tupperware Brands Corp.’s payout ratio is 68.00%.
In other Tupperware Brands Corp. news, insider Allan Dando sold 620 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $59.82, for a total value of $37,088.40. Following the completion of the sale, the insider now owns 2,863 shares in the company, valued at $171,264.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $58.94, for a total transaction of $117,880.00. Following the completion of the sale, the executive vice president now owns 35,800 shares of the company’s stock, valued at approximately $2,110,052. The disclosure for this sale can be found here. Corporate insiders own 3.22% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its stake in shares of Tupperware Brands Corp. by 29.6% in the second quarter. GSA Capital Partners LLP now owns 63,200 shares of the company’s stock worth $3,557,000 after buying an additional 14,431 shares in the last quarter. Breton Hill Capital Ltd. boosted its stake in shares of Tupperware Brands Corp. by 54.1% in the second quarter. Breton Hill Capital Ltd. now owns 15,304 shares of the company’s stock worth $861,000 after buying an additional 5,374 shares in the last quarter. Banced Corp purchased a new stake in shares of Tupperware Brands Corp. during the second quarter worth approximately $294,000. GW&K Investment Management LLC boosted its stake in shares of Tupperware Brands Corp. by 0.3% in the second quarter. GW&K Investment Management LLC now owns 564,950 shares of the company’s stock worth $31,795,000 after buying an additional 1,433 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its position in shares of Tupperware Brands Corp. by 0.8% in the second quarter. Curbstone Financial Management Corp now owns 7,740 shares of the company’s stock valued at $436,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 88.72% of the company’s stock.
Tupperware Brands Corp. Company Profile
Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Company’s segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Europe, Asia Pacific and Tupperware North America segments include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.
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