Tupperware Brands Corp. (TUP) Hits New 1-Year High at $66.34
Tupperware Brands Corp. (NYSE:TUP) reached a new 52-week high on Tuesday . The company traded as high as $66.34 and last traded at $66.30, with a volume of 204,828 shares traded. The stock had previously closed at $65.05.
TUP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Tupperware Brands Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. TheStreet downgraded shares of Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $61.00 price objective (up from $55.00) on shares of Tupperware Brands Corp. in a research report on Friday, July 22nd. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $62.00 price objective (up from $57.00) on shares of Tupperware Brands Corp. in a research report on Monday, July 25th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Tupperware Brands Corp. in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $59.44.
The stock has a 50 day moving average of $62.17 and a 200-day moving average of $57.28. The stock has a market cap of $3.33 billion and a price-to-earnings ratio of 17.54.
Tupperware Brands Corp. (NYSE:TUP) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.06. The firm earned $564.70 million during the quarter, compared to analysts’ expectations of $559.91 million. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. On average, equities analysts anticipate that Tupperware Brands Corp. will post $4.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 20th will be issued a $0.68 dividend. The ex-dividend date is Friday, September 16th. This represents a $2.72 annualized dividend and a yield of 4.12%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 43,800 shares of the company’s stock, valued at $2,472,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman E V. Goings sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $62.50, for a total transaction of $9,375,000.00. Following the transaction, the chairman now directly owns 54,456 shares of the company’s stock, valued at $3,403,500. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Tupperware Brands Corp. stock. Employees Retirement System of Texas raised its position in shares of Tupperware Brands Corp. (NYSE:TUP) by 227.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,000 shares of the company’s stock after buying an additional 25,000 shares during the period. Employees Retirement System of Texas owned approximately 0.07% of Tupperware Brands Corp. worth $2,003,000 as of its most recent SEC filing.
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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