Zacks Investment Research Upgrades Tupperware Brands (TUP) to Hold

Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a sell rating to a hold rating in a research note published on Saturday, January 6th.

According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.2 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and for over 65 years they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “

Several other research firms have also weighed in on TUP. Citigroup lifted their price objective on Tupperware Brands from $67.00 to $68.00 and gave the company a neutral rating in a research note on Monday, October 2nd. KeyCorp reaffirmed a hold rating on shares of Tupperware Brands in a research note on Thursday, October 12th. ValuEngine raised Tupperware Brands from a hold rating to a buy rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a hold rating and issued a $65.00 price objective on shares of Tupperware Brands in a research note on Friday, October 27th. Finally, TheStreet raised Tupperware Brands from a c rating to a b- rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $68.83.

Shares of Tupperware Brands (NYSE TUP) opened at $64.90 on Friday. The company has a market capitalization of $3,261.38, a PE ratio of 13.64, a P/E/G ratio of 1.04 and a beta of 1.75. Tupperware Brands has a 52-week low of $53.65 and a 52-week high of $74.36. 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 (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The company had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. analysts expect that Tupperware Brands will post 4.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, December 19th. This represents a $2.72 annualized dividend and a yield of 4.19%. Tupperware Brands’s dividend payout ratio is presently 98.91%.

In other news, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total value of $2,642,996.00. Following the completion of the sale, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total value of $118,780.00. Following the completion of the sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at $639,333.35. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock worth $3,010,776 over the last 90 days. 3.22% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Huber Capital Management LLC grew its stake in Tupperware Brands by 44.3% during the 3rd quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock worth $55,930,000 after buying an additional 277,660 shares during the last quarter. Teachers Advisors LLC grew its stake in Tupperware Brands by 439.0% during the 2nd quarter. Teachers Advisors LLC now owns 277,596 shares of the company’s stock worth $19,496,000 after buying an additional 226,091 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Tupperware Brands by 34.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 533,091 shares of the company’s stock worth $37,439,000 after buying an additional 137,790 shares during the last quarter. Quantitative Investment Management LLC bought a new position in Tupperware Brands during the 2nd quarter worth $9,235,000. Finally, HPM Partners LLC grew its stake in Tupperware Brands by 1,449.2% during the 2nd quarter. HPM Partners LLC now owns 108,446 shares of the company’s stock worth $1,008,000 after buying an additional 101,446 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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About Tupperware Brands

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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