Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. 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 they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
Other analysts have also recently issued reports about the company. Morgan Stanley set a $40.00 target price on Tupperware Brands and gave the company a “hold” rating in a report on Friday, October 26th. Citigroup reduced their target price on Tupperware Brands from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, October 17th. Argus cut Tupperware Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, Bank of America reduced their target price on Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Thursday, October 4th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.00.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, October 24th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.09. Tupperware Brands had a negative return on equity of 147.13% and a negative net margin of 8.73%. The business had revenue of $485.80 million for the quarter, compared to analysts’ expectations of $477.65 million. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was down 10.0% on a year-over-year basis. On average, equities analysts predict that Tupperware Brands will post 4.32 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the business. HGK Asset Management Inc. boosted its holdings in shares of Tupperware Brands by 19.3% during the 2nd quarter. HGK Asset Management Inc. now owns 11,926 shares of the company’s stock worth $492,000 after buying an additional 1,933 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of Tupperware Brands by 28.8% during the 3rd quarter. OLD National Bancorp IN now owns 9,369 shares of the company’s stock worth $313,000 after buying an additional 2,093 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of Tupperware Brands by 2.9% during the 2nd quarter. Twin Capital Management Inc. now owns 80,930 shares of the company’s stock worth $3,338,000 after buying an additional 2,300 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Tupperware Brands by 58.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 8,116 shares of the company’s stock worth $393,000 after buying an additional 3,000 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Tupperware Brands by 133.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,477 shares of the company’s stock worth $216,000 after buying an additional 3,697 shares in the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.
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.
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