Tupperware Brands Corp. (TUP) Sets New 1-Year High at $65.00
Tupperware Brands Corp. (NYSE:TUP) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $65.00 and last traded at $64.44, with a volume of 336,964 shares changing hands. The stock had previously closed at $64.36.
A number of research analysts recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $53.00 price objective on shares of Tupperware Brands Corp. in a report on Monday, July 25th. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $62.00 price target (up previously from $57.00) on shares of Tupperware Brands Corp. in a research note on Monday, July 25th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $61.00 price target (up previously from $55.00) on shares of Tupperware Brands Corp. in a research note on Friday, July 22nd. Zacks Investment Research raised shares of Tupperware Brands Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, TheStreet raised shares of Tupperware Brands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.44.
The stock has a 50 day moving average of $59.69 and a 200-day moving average of $56.03. The stock has a market cap of $3.24 billion and a PE ratio of 17.05.
Tupperware Brands Corp. (NYSE:TUP) last released its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06. During the same period in the prior year, the company posted $1.21 EPS. The firm had revenue of $564.70 million for the quarter, compared to analyst estimates of $559.91 million. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Tupperware Brands Corp. will post $4.32 EPS for the current fiscal year.
In other Tupperware Brands Corp. news, insider Asha Gupta sold 400 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $62.65, for a total transaction of $25,060.00. Following the completion of the sale, the insider now owns 15,400 shares of the company’s stock, valued at approximately $964,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $56.44, for a total transaction of $112,880.00. Following the sale, the executive vice president now directly owns 43,800 shares of the company’s stock, valued at approximately $2,472,072. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its stake in Tupperware Brands Corp. by 4.3% in the fourth quarter. Comerica Bank now owns 38,043 shares of the company’s stock worth $1,924,000 after buying an additional 1,585 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Tupperware Brands Corp. by 2.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 33,953 shares of the company’s stock worth $1,889,000 after buying an additional 748 shares in the last quarter. Morgan Stanley increased its stake in Tupperware Brands Corp. by 6.7% in the fourth quarter. Morgan Stanley now owns 618,489 shares of the company’s stock worth $34,420,000 after buying an additional 39,015 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in Tupperware Brands Corp. during the fourth quarter worth $1,232,000. Finally, Bank of Montreal Can increased its stake in shares of Tupperware Brands Corp. by 374.7% in the fourth quarter. Bank of Montreal Can now owns 62,669 shares of the company’s stock valued at $3,488,000 after buying an additional 49,466 shares during the period.
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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