Tupperware Brands (TUP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Tupperware Brands (NYSE:TUP) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $58.50.

TUP has been the topic of a number of analyst reports. Bank of America lowered their price objective on shares of Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 10th. SunTrust Banks lowered their price objective on shares of Tupperware Brands to $64.00 and set a “hold” rating on the stock in a research report on Thursday, February 1st. Zacks Investment Research lowered shares of Tupperware Brands from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. Morgan Stanley lowered their price objective on shares of Tupperware Brands from $66.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 5th. Finally, ValuEngine upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th.

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In related news, Director David R. Parker bought 3,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The shares were bought at an average cost of $41.70 per share, for a total transaction of $125,100.00. Following the transaction, the director now owns 24,039 shares of the company’s stock, valued at $1,002,426.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Simon C. Hemus sold 14,000 shares of the business’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $43.19, for a total transaction of $604,660.00. Following the sale, the insider now owns 25,307 shares in the company, valued at $1,093,009.33. The disclosure for this sale can be found here. 3.42% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in shares of Tupperware Brands by 24.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 846,881 shares of the company’s stock worth $53,099,000 after purchasing an additional 168,535 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Tupperware Brands by 4.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 76,789 shares of the company’s stock worth $4,815,000 after purchasing an additional 3,276 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tupperware Brands by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 929,056 shares of the company’s stock worth $57,433,000 after purchasing an additional 11,710 shares in the last quarter. BlackRock Inc. boosted its position in shares of Tupperware Brands by 1.4% during the 4th quarter. BlackRock Inc. now owns 8,212,037 shares of the company’s stock worth $514,894,000 after purchasing an additional 110,580 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Tupperware Brands by 9.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 279,481 shares of the company’s stock worth $17,524,000 after purchasing an additional 24,663 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.

NYSE:TUP traded down $1.08 during midday trading on Friday, reaching $41.69. The stock had a trading volume of 778,258 shares, compared to its average volume of 895,441. Tupperware Brands has a 12-month low of $40.78 and a 12-month high of $74.36. The company has a debt-to-equity ratio of -5.07, a current ratio of 0.96 and a quick ratio of 0.56. The firm has a market cap of $2,186.26, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.52.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The firm had revenue of $588.60 million for the quarter, compared to analyst estimates of $601.99 million. During the same period last year, the firm posted $1.45 EPS. Tupperware Brands’s quarterly revenue was down 2.0% on a year-over-year basis. analysts expect that Tupperware Brands will post 4.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were given a dividend of $0.68 per share. The ex-dividend date was Monday, March 19th. This represents a $2.72 annualized dividend and a dividend yield of 6.52%. Tupperware Brands’s payout ratio is currently 56.20%.

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About Tupperware Brands

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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