Tupperware Brands Co. (NYSE:TUP) shares gapped up before the market opened on Friday . The stock had previously closed at $9.32, but opened at $9.33. Tupperware Brands shares last traded at $9.36, with a volume of 61,452 shares traded.
A number of research firms have recently weighed in on TUP. Citigroup reissued a “neutral” rating and set a $9.00 target price on shares of Tupperware Brands in a report on Thursday, December 5th. Zacks Investment Research raised Tupperware Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, ValuEngine raised Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Tupperware Brands has an average rating of “Hold” and a consensus target price of $14.50.
The firm has a market cap of $456.23 million, a price-to-earnings ratio of 4.53, a P/E/G ratio of 0.29 and a beta of 0.87. The stock has a 50 day moving average of $8.22 and a 200 day moving average of $12.76.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.20). The company had revenue of $418.10 million during the quarter, compared to analyst estimates of $437.29 million. Tupperware Brands had a net margin of 5.37% and a negative return on equity of 92.53%. The firm’s revenue for the quarter was down 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Equities research analysts predict that Tupperware Brands Co. will post 2.8 EPS for the current fiscal year.
In related news, insider Stein Ove Fenne purchased 11,555 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $8.74 per share, with a total value of $100,990.70. Following the completion of the purchase, the insider now directly owns 18,090 shares in the company, valued at $158,106.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Angel R. Martinez sold 4,424 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $7.55, for a total value of $33,401.20. Following the completion of the transaction, the director now directly owns 35,374 shares of the company’s stock, valued at approximately $267,073.70. The disclosure for this sale can be found here. 4.58% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Tupperware Brands by 1.5% in the second quarter. Vanguard Group Inc. now owns 4,283,342 shares of the company’s stock valued at $81,512,000 after acquiring an additional 64,988 shares during the last quarter. AQR Capital Management LLC grew its position in Tupperware Brands by 18.5% in the second quarter. AQR Capital Management LLC now owns 2,101,761 shares of the company’s stock valued at $39,997,000 after acquiring an additional 327,978 shares during the last quarter. LGT Capital Partners LTD. grew its position in Tupperware Brands by 75.9% in the third quarter. LGT Capital Partners LTD. now owns 2,011,600 shares of the company’s stock valued at $31,924,000 after acquiring an additional 868,180 shares during the last quarter. Bank of New York Mellon Corp grew its position in Tupperware Brands by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,229,038 shares of the company’s stock valued at $23,388,000 after acquiring an additional 54,559 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Tupperware Brands by 195.8% in the second quarter. Mackenzie Financial Corp now owns 803,427 shares of the company’s stock valued at $15,289,000 after acquiring an additional 531,784 shares during the last quarter. 86.12% of the stock is owned by institutional investors and hedge funds.
About Tupperware Brands (NYSE:TUP)
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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