Tupperware Brands Co. (NYSE:TUP)’s stock price was up 0.7% on Thursday . The stock traded as high as $9.38 and last traded at $9.20, approximately 112,840 shares were traded during trading. A decline of 90% from the average daily volume of 1,152,837 shares. The stock had previously closed at $9.14.
Several analysts have recently weighed in on TUP shares. ValuEngine upgraded shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Citigroup restated a “neutral” rating and set a $9.00 price objective on shares of Tupperware Brands in a research report on Thursday, December 5th. Finally, Zacks Investment Research upgraded shares of Tupperware Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 1st. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.50.
The firm has a market cap of $456.67 million, a PE ratio of 2.15, a P/E/G ratio of 0.25 and a beta of 0.87. The firm’s 50-day moving average price is $8.19 and its two-hundred day moving average price is $12.86.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.20). The company had revenue of $418.10 million for the quarter, compared to analysts’ expectations of $437.29 million. Tupperware Brands had a negative return on equity of 92.53% and a net margin of 5.37%. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, research analysts expect that Tupperware Brands Co. will post 2.8 EPS for the current year.
In related news, Director Angel R. Martinez sold 4,424 shares of the company’s stock in a transaction on 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 sale, the director now owns 35,374 shares in the company, valued at approximately $267,073.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stein Ove Fenne purchased 11,555 shares of Tupperware Brands 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 transaction, the insider now owns 18,090 shares in the company, valued at $158,106.60. The disclosure for this purchase can be found here. 4.58% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Tupperware Brands by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,283,342 shares of the company’s stock valued at $81,512,000 after purchasing an additional 64,988 shares during the last quarter. AQR Capital Management LLC raised its position in Tupperware Brands by 18.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,101,761 shares of the company’s stock worth $39,997,000 after buying an additional 327,978 shares during the last quarter. LGT Capital Partners LTD. raised its position in Tupperware Brands by 75.9% during the 3rd quarter. LGT Capital Partners LTD. now owns 2,011,600 shares of the company’s stock worth $31,924,000 after buying an additional 868,180 shares during the last quarter. Bank of New York Mellon Corp raised its position in Tupperware Brands by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,229,038 shares of the company’s stock worth $23,388,000 after buying an additional 54,559 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Tupperware Brands by 195.8% during the 2nd quarter. Mackenzie Financial Corp now owns 803,427 shares of the company’s stock worth $15,289,000 after buying an additional 531,784 shares during the last quarter. Hedge funds and other institutional investors own 86.12% of the company’s stock.
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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