Tupperware Brands Co. (NYSE:TUP) has earned an average recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.67.
Separately, Zacks Investment Research downgraded shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th.
Get Tupperware Brands alerts:Shares of NYSE TUP opened at $27.11 on Tuesday. Tupperware Brands has a twelve month low of $26.22 and a twelve month high of $52.00. The firm has a market cap of $1.51 billion, a P/E ratio of 6.30, a PEG ratio of 0.63 and a beta of 0.82.
Tupperware Brands (NYSE:TUP) last announced its earnings results on Wednesday, January 30th. The company reported $1.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.33. Tupperware Brands had a net margin of 7.53% and a negative return on equity of 113.34%. The business had revenue of $505.90 million during the quarter, compared to the consensus estimate of $550.53 million. During the same quarter last year, the firm earned $1.59 earnings per share. Tupperware Brands’s quarterly revenue was down 14.1% on a year-over-year basis. On average, analysts expect that Tupperware Brands will post 4.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 20th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Tuesday, March 19th. Tupperware Brands’s dividend payout ratio is presently 63.26%.
In related news, Director Susan M. Cameron purchased 3,687 shares of Tupperware Brands stock in a transaction on Thursday, February 7th. The stock was acquired at an average cost of $27.08 per share, for a total transaction of $99,843.96. Following the completion of the acquisition, the director now owns 25,156 shares of the company’s stock, valued at approximately $681,224.48. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman E V. Goings purchased 3,700 shares of Tupperware Brands stock in a transaction on Friday, February 8th. The stock was bought at an average price of $26.92 per share, with a total value of $99,604.00. Following the completion of the acquisition, the chairman now directly owns 51,243 shares of the company’s stock, valued at approximately $1,379,461.56. The disclosure for this purchase can be found here. Insiders have purchased 10,887 shares of company stock valued at $295,068 in the last three months. 3.42% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of TUP. Bank of New York Mellon Corp grew its holdings in Tupperware Brands by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 1,100,328 shares of the company’s stock worth $45,377,000 after purchasing an additional 39,623 shares during the period. Aperio Group LLC grew its holdings in Tupperware Brands by 62.1% in the third quarter. Aperio Group LLC now owns 54,866 shares of the company’s stock worth $1,835,000 after purchasing an additional 21,025 shares during the period. First Trust Advisors LP grew its holdings in Tupperware Brands by 4.7% in the third quarter. First Trust Advisors LP now owns 140,120 shares of the company’s stock worth $4,687,000 after purchasing an additional 6,292 shares during the period. Russell Investments Group Ltd. grew its holdings in Tupperware Brands by 67.6% in the third quarter. Russell Investments Group Ltd. now owns 510,190 shares of the company’s stock worth $17,056,000 after purchasing an additional 205,715 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in Tupperware Brands by 285.7% in the third quarter. Moody National Bank Trust Division now owns 29,700 shares of the company’s stock worth $993,000 after purchasing an additional 22,000 shares during the period. Institutional investors and hedge funds own 85.51% 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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