Tupperware Brands (NYSE:TUP) Research Coverage Started at Sidoti

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Investment analysts at Sidoti initiated coverage on shares of Tupperware Brands (NYSE:TUP) in a report issued on Tuesday, Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $11.00 price target on the stock. Sidoti’s price objective would suggest a potential upside of 214.29% from the company’s current price.

TUP has been the topic of several other research reports. ValuEngine cut shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Zacks Investment Research upgraded shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Friday. Finally, Citigroup upped their price objective on Tupperware Brands to $2.90 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.54.

Shares of TUP stock traded up $0.24 on Tuesday, reaching $3.50. The stock had a trading volume of 84,936 shares, compared to its average volume of 2,104,103. Tupperware Brands has a 1 year low of $1.15 and a 1 year high of $20.97. The stock has a market cap of $158.32 million, a P/E ratio of -5.17, a price-to-earnings-growth ratio of 0.23 and a beta of 2.66. The company has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $5.18.

Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, April 29th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.47). The firm had revenue of $375.90 million during the quarter. Tupperware Brands had a negative net margin of 1.92% and a negative return on equity of 13.18%. As a group, sell-side analysts predict that Tupperware Brands will post 1.16 EPS for the current year.

In other news, CFO Cassandra Harris bought 20,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average price of $3.00 per share, for a total transaction of $60,000.00. Following the purchase, the chief financial officer now owns 85,350 shares in the company, valued at $256,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.97% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank raised its position in shares of Tupperware Brands by 3.0% during the 4th quarter. Swiss National Bank now owns 93,300 shares of the company’s stock valued at $801,000 after purchasing an additional 2,700 shares during the period. Point72 Hong Kong Ltd increased its stake in Tupperware Brands by 489.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,582 shares of the company’s stock worth $31,000 after buying an additional 2,974 shares in the last quarter. Ancora Advisors LLC purchased a new stake in Tupperware Brands in the 4th quarter worth $26,000. Rhumbline Advisers raised its holdings in Tupperware Brands by 2.6% during the first quarter. Rhumbline Advisers now owns 172,452 shares of the company’s stock valued at $279,000 after acquiring an additional 4,305 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Tupperware Brands by 24.5% in the fourth quarter. Sei Investments Co. now owns 29,995 shares of the company’s stock valued at $257,000 after acquiring an additional 5,900 shares in the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

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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