Tupperware Brands Co. (TUP) Given Consensus Rating of “Hold” by Analysts

Tupperware Brands Co. (NYSE:TUP) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.67.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet raised Tupperware Brands from a “d+” rating to a “c” rating in a research report on Friday, March 15th.

In other news, Director Susan M. Cameron acquired 3,687 shares of Tupperware Brands stock in a transaction that occurred on Thursday, February 7th. The stock was purchased at an average price of $27.08 per share, with a total value of $99,843.96. Following the completion of the transaction, the director now owns 25,156 shares in the company, valued at $681,224.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman E V. Goings acquired 3,700 shares of Tupperware Brands stock in a transaction that occurred on Friday, February 8th. The shares were purchased at an average cost of $26.92 per share, with a total value of $99,604.00. Following the transaction, the chairman now 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. In the last three months, insiders have purchased 10,887 shares of company stock valued at $295,068. Insiders own 3.42% of the company’s stock.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Tupperware Brands by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,956,652 shares of the company’s stock worth $219,622,000 after buying an additional 32,673 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in shares of Tupperware Brands by 5.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,605,192 shares of the company’s stock worth $50,676,000 after buying an additional 84,813 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Tupperware Brands by 29.2% in the third quarter. AQR Capital Management LLC now owns 1,367,580 shares of the company’s stock worth $45,746,000 after buying an additional 309,008 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Tupperware Brands by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,256,677 shares of the company’s stock worth $39,674,000 after buying an additional 154,655 shares during the last quarter. Finally, Huber Capital Management LLC lifted its position in shares of Tupperware Brands by 5.7% in the third quarter. Huber Capital Management LLC now owns 1,044,447 shares of the company’s stock worth $34,937,000 after buying an additional 56,323 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Shares of TUP stock opened at $25.58 on Friday. Tupperware Brands has a 1-year low of $24.37 and a 1-year high of $48.89. The firm has a market cap of $1.24 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.51 and a beta of 0.86.

Tupperware Brands (NYSE:TUP) last released its quarterly earnings data on Wednesday, January 30th. The company reported $1.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.33. The firm had revenue of $505.90 million during the quarter, compared to analysts’ expectations of $550.53 million. Tupperware Brands had a negative return on equity of 114.53% and a net margin of 7.53%. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 earnings per share. As a group, analysts expect that Tupperware Brands will post 4.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Wednesday, March 20th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $1.08 dividend on an annualized basis and a yield of 4.22%. Tupperware Brands’s payout ratio is 25.12%.

About Tupperware Brands

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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