Tupperware Brands (TUP) Hits New 12-Month Low at $39.86

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Tupperware Brands Co. (NYSE:TUP) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $39.86 and last traded at $40.20, with a volume of 1520341 shares trading hands. The stock had previously closed at $44.30.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Tupperware Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Tupperware Brands from a “strong sell” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday, June 12th. Citigroup dropped their target price on shares of Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, March 13th. Morgan Stanley lifted their target price on shares of Tupperware Brands from $47.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, April 26th. Finally, Bank of America dropped their target price on shares of Tupperware Brands from $55.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, April 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Tupperware Brands currently has a consensus rating of “Hold” and a consensus price target of $53.20.

The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.71 and a beta of 1.51. The company has a debt-to-equity ratio of -5.58, a quick ratio of 0.57 and a current ratio of 0.96.

Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, April 25th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.03. The firm had revenue of $542.60 million during the quarter, compared to analyst estimates of $542.62 million. Tupperware Brands had a negative net margin of 12.35% and a positive return on equity of 401.48%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. equities analysts forecast that Tupperware Brands Co. will post 4.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Wednesday, June 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.51%. Tupperware Brands’s payout ratio is 56.20%.

In other news, VP Lillian D. Garcia bought 2,320 shares of the firm’s stock in a transaction that occurred on Thursday, April 19th. The shares were bought at an average cost of $43.18 per share, with a total value of $100,177.60. Following the completion of the purchase, the vice president now directly owns 11,659 shares in the company, valued at $503,435.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Simon C. Hemus sold 14,000 shares of Tupperware Brands 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 completion of the transaction, the insider now directly owns 25,307 shares in the company, valued at $1,093,009.33. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 10,320 shares of company stock valued at $441,278. Company insiders own 3.42% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TUP. Macquarie Group Ltd. boosted its stake in Tupperware Brands by 183.3% in the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock worth $107,000 after purchasing an additional 1,100 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Tupperware Brands during the 1st quarter valued at about $123,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Tupperware Brands during the 1st quarter valued at about $124,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tupperware Brands by 48.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after purchasing an additional 915 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in shares of Tupperware Brands by 29.1% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,686 shares of the company’s stock valued at $294,000 after purchasing an additional 1,056 shares during the last quarter. 82.77% of the stock is currently owned by institutional investors.

Tupperware Brands Company Profile

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.

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