Tupperware Brands (NYSE:TUP) had its target price cut by Morgan Stanley from $60.00 to $47.00 in a research note published on Wednesday, April 11th. They currently have an equal weight rating on the stock.
TUP has been the topic of several other research reports. Zacks Investment Research raised shares of Tupperware Brands from a hold rating to a buy rating and set a $71.00 price target on the stock in a research note on Friday, January 12th. ValuEngine downgraded shares of Tupperware Brands from a buy rating to a hold rating in a research note on Friday, February 2nd. Citigroup dropped their target price on shares of Tupperware Brands from $62.00 to $56.00 and set a neutral rating on the stock in a report on Tuesday, March 13th. Bank of America dropped their target price on shares of Tupperware Brands from $63.00 to $55.00 and set an underperform rating on the stock in a report on Thursday, February 22nd. Finally, SunTrust Banks lowered their price target on shares of Tupperware Brands to $64.00 and set a hold rating on the stock in a report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $60.29.
Shares of TUP stock opened at $41.69 on Wednesday. The company 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 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.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same quarter last year, the business earned $1.45 earnings per share. Tupperware Brands’s quarterly revenue was down 2.0% compared to the same quarter last year. research analysts predict that Tupperware Brands will post 4.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 6.52%. The ex-dividend date was Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is 56.20%.
In other Tupperware Brands news, VP Lillian D. Garcia bought 2,320 shares of the stock in a transaction on Thursday, April 19th. The shares were bought at an average price of $43.18 per share, with a total value of $100,177.60. Following the purchase, the vice president now directly owns 11,659 shares in the company, valued at approximately $503,435.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider now directly owns 25,307 shares in the company, valued at approximately $1,093,009.33. The disclosure for this sale can be found here. 3.42% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new position in shares of Tupperware Brands during the 4th quarter valued at about $321,000. Banco de Sabadell S.A acquired a new position in shares of Tupperware Brands during the 4th quarter valued at about $1,193,000. MetLife Investment Advisors LLC acquired a new position in shares of Tupperware Brands during the 4th quarter valued at about $2,019,000. Gotham Asset Management LLC boosted its position in shares of Tupperware Brands by 102.1% during the 4th quarter. Gotham Asset Management LLC now owns 135,738 shares of the company’s stock valued at $8,511,000 after acquiring an additional 68,579 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Tupperware Brands by 183.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after acquiring an additional 1,100 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors.
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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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