Tupperware Brands (TUP) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Tupperware Brands (NYSE:TUP) from a hold rating to a buy rating in a research report released on Friday morning. They currently have $71.00 price objective on the stock.

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. “

A number of other research firms have also recently weighed in on TUP. Morgan Stanley boosted their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the stock an equal weight rating in a research note on Thursday, October 26th. ValuEngine raised shares of Tupperware Brands from a hold rating to a buy rating in a research note on Thursday, January 4th. KeyCorp reaffirmed a hold rating on shares of Tupperware Brands in a research note on Saturday, November 25th. Citigroup boosted their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, October 2nd. Finally, SunTrust Banks reaffirmed a hold rating and set a $65.00 target price on shares of Tupperware Brands in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $68.83.

Tupperware Brands (NYSE TUP) opened at $64.90 on Friday. Tupperware Brands has a 1 year low of $54.48 and a 1 year high of $74.36. The company has a market cap of $3,300.00, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.75. 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 earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 had a net margin of 6.18% and a return on equity of 101.23%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. equities research analysts anticipate that Tupperware Brands will post 4.75 EPS for the current year.

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

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at $639,333.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 50,600 shares of company stock worth $3,010,776. 3.14% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of TUP. Schwab Charles Investment Management Inc. grew its stake in shares of Tupperware Brands by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 241,903 shares of the company’s stock worth $16,989,000 after purchasing an additional 10,891 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Tupperware Brands by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 22,667 shares of the company’s stock worth $1,592,000 after purchasing an additional 569 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tupperware Brands by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock worth $133,000 after purchasing an additional 167 shares during the last quarter. Swiss National Bank boosted its position in Tupperware Brands by 1.4% during the second quarter. Swiss National Bank now owns 84,800 shares of the company’s stock valued at $5,956,000 after acquiring an additional 1,200 shares during the last quarter. Finally, AXA boosted its position in Tupperware Brands by 56.6% during the second quarter. AXA now owns 47,600 shares of the company’s stock valued at $3,343,000 after acquiring an additional 17,200 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

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Tupperware Brands 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.

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