Tupperware Brands Corporation (TUP) Given Average Recommendation of “Hold” by Brokerages

Shares of Tupperware Brands Corporation (NYSE:TUP) have received an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.40.

Several equities analysts have commented on the stock. BidaskClub cut shares of Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet raised shares of Tupperware Brands Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Tupperware Brands Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. ValuEngine raised shares of Tupperware Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley raised their target price on shares of Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th.

Tupperware Brands Corporation (NYSE:TUP) opened at $59.61 on Wednesday. The company has a market cap of $2,993.71, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.72. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36.

Tupperware Brands Corporation (NYSE:TUP) last released its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The firm had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands Corporation had a net margin of 6.18% and a return on equity of 101.23%. Tupperware Brands Corporation’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. equities research analysts forecast that Tupperware Brands Corporation will post 4.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.56%. Tupperware Brands Corporation’s dividend payout ratio (DPR) is 98.91%.

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In other Tupperware Brands Corporation news, Chairman E V. Goings sold 44,600 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the transaction, the chairman now directly owns 54,059 shares in the company, valued at $3,203,536.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.56, for a total transaction of $123,120.00. Following the completion of the transaction, the executive vice president now owns 12,765 shares of the company’s stock, valued at $785,813.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,600 shares of company stock valued at $3,001,976. Insiders own 3.14% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TUP. Renaissance Technologies LLC boosted its holdings in shares of Tupperware Brands Corporation by 269.1% in the first quarter. Renaissance Technologies LLC now owns 169,800 shares of the company’s stock worth $10,650,000 after buying an additional 123,800 shares during the period. Credit Suisse AG boosted its holdings in shares of Tupperware Brands Corporation by 2.3% in the first quarter. Credit Suisse AG now owns 57,511 shares of the company’s stock worth $3,607,000 after buying an additional 1,270 shares during the period. Creative Planning boosted its holdings in shares of Tupperware Brands Corporation by 22.2% in the second quarter. Creative Planning now owns 4,002 shares of the company’s stock worth $281,000 after buying an additional 728 shares during the period. James Investment Research Inc. acquired a new position in shares of Tupperware Brands Corporation in the second quarter worth about $1,392,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Tupperware Brands Corporation in the second quarter worth about $251,000. Institutional investors own 85.39% of the company’s stock.

Tupperware Brands Corporation Company Profile

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.

Analyst Recommendations for Tupperware Brands Corporation (NYSE:TUP)

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