Tupperware Brands Corp. (NYSE:TUP)‘s stock had its “sell” rating restated by research analysts at B. Riley in a research note issued on Monday. They currently have a $47.00 price objective on the stock, down from their prior price objective of $64.00. B. Riley’s price objective would suggest a potential downside of 20.72% from the company’s previous close. The analysts noted that the move was a valuation call.
Other research analysts also recently issued reports about the stock. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Tupperware Brands Corp. in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Tupperware Brands Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, TheStreet downgraded shares of Tupperware Brands Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.14.
Tupperware Brands Corp. (NYSE:TUP) traded down 4.77% on Monday, hitting $56.45. 871,329 shares of the company’s stock were exchanged. The stock has a market cap of $2.85 billion, a P/E ratio of 14.12 and a beta of 1.72. Tupperware Brands Corp. has a 52-week low of $42.60 and a 52-week high of $66.90. The firm has a 50 day moving average price of $60.59 and a 200-day moving average price of $60.60.
Tupperware Brands Corp. (NYSE:TUP) last issued its earnings results on Wednesday, October 19th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. Tupperware Brands Corp. had a net margin of 9.20% and a return on equity of 124.54%. The company had revenue of $521.80 million for the quarter, compared to the consensus estimate of $528.14 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts predict that Tupperware Brands Corp. will post $4.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Tuesday, December 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, December 16th. Tupperware Brands Corp.’s payout ratio is currently 68.00%.
In other news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $65.84, for a total value of $131,680.00. Following the sale, the executive vice president now directly owns 35,900 shares of the company’s stock, valued at approximately $2,363,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Allan Dando sold 620 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $59.82, for a total transaction of $37,088.40. Following the completion of the sale, the insider now directly owns 2,863 shares in the company, valued at $171,264.66. The disclosure for this sale can be found here. 3.22% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TUP. Northcoast Asset Management increased its stake in Tupperware Brands Corp. by 3.3% in the third quarter. Northcoast Asset Management now owns 47,727 shares of the company’s stock worth $2,362,000 after buying an additional 1,523 shares in the last quarter. Curbstone Financial Management acquired a new stake in Tupperware Brands Corp. during the fourth quarter worth $427,000. Eagle Asset Management increased its stake in Tupperware Brands Corp. by 102.7% in the third quarter. Eagle Asset Management now owns 1,579,466 shares of the company’s stock worth $78,166,000 after buying an additional 800,205 shares in the last quarter. Capstone Asset Management Company increased its stake in Tupperware Brands Corp. by 0.5% in the fourth quarter. Capstone Asset Management Company now owns 55,508 shares of the company’s stock worth $3,089,000 after buying an additional 277 shares in the last quarter. Finally, Denver Investment Advisors LLC increased its stake in Tupperware Brands Corp. by 46.0% in the fourth quarter. Denver Investment Advisors LLC now owns 365,207 shares of the company’s stock worth $20,327,000 after buying an additional 115,007 shares in the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
Tupperware Brands Corp. Company Profile