Tupperware Brands Corporation (TUP) Downgraded to C at TheStreet
Tupperware Brands Corporation (NYSE:TUP) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Thursday.
TUP has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. BidaskClub lowered shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, B. Riley reiterated a “neutral” rating and issued a $54.00 price target on shares of Tupperware Brands Corporation in a research note on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands Corporation has an average rating of “Hold” and an average target price of $71.33.
Shares of Tupperware Brands Corporation (TUP) opened at 58.21 on Thursday. Tupperware Brands Corporation has a 1-year low of $52.32 and a 1-year high of $74.36. The company has a 50 day moving average of $66.06 and a 200 day moving average of $65.55. The company has a market cap of $2.96 billion, a PE ratio of 18.83 and a beta of 1.61.
Tupperware Brands Corporation (NYSE:TUP) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The business had revenue of $572.90 million for the quarter, compared to analyst estimates of $580.19 million. During the same quarter in the prior year, the business earned $1.16 EPS. Tupperware Brands Corporation’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts expect that Tupperware Brands Corporation will post $4.70 earnings per share for the current fiscal year.
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In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 12,250 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $72.75, for a total value of $891,187.50. Following the completion of the sale, the executive vice president now owns 33,015 shares of the company’s stock, valued at approximately $2,401,841.25. 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 business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.49, for a total transaction of $120,980.00. Following the completion of the sale, the executive vice president now directly owns 16,765 shares of the company’s stock, valued at approximately $1,014,114.85. The disclosure for this sale can be found here. Insiders sold a total of 21,200 shares of company stock valued at $1,508,578 in the last three months. Insiders own 3.22% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Dubuque Bank & Trust Co. increased its stake in Tupperware Brands Corporation by 1,066.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,750 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares in the last quarter. Founders Capital Management acquired a new stake in Tupperware Brands Corporation during the first quarter worth about $110,000. Kernodle & Katon Asset Management Group LLC acquired a new stake in Tupperware Brands Corporation during the first quarter worth about $110,000. Huntington National Bank increased its stake in Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 212 shares in the last quarter. Finally, TrimTabs Asset Management LLC acquired a new stake in Tupperware Brands Corporation during the first quarter worth about $125,000. 89.39% of the stock is owned by hedge funds and other institutional investors.
About Tupperware Brands Corporation
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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