Shares of Tupperware Brands Co. (NYSE:TUP) saw strong trading volume on Wednesday . 4,856,054 shares were traded during trading, an increase of 238% from the previous session’s volume of 1,438,395 shares.The stock last traded at $9.14 and had previously closed at $8.07.
A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Tupperware Brands in a report on Thursday, December 5th. Zacks Investment Research raised shares of Tupperware Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, ValuEngine raised shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. One equities research 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 capitalization of $456.67 million, a P/E ratio of 2.19, a P/E/G ratio of 0.25 and a beta of 0.87. The firm’s 50 day simple moving average is $8.22 and its two-hundred day simple moving average is $12.76.
Tupperware Brands (NYSE:TUP) last posted its quarterly earnings results 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 business had revenue of $418.10 million during the quarter, compared to the consensus estimate of $437.29 million. Tupperware Brands had a negative return on equity of 92.53% and a net margin of 5.37%. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, research analysts predict that Tupperware Brands Co. will post 2.8 earnings per share for the current fiscal year.
In other news, insider Stein Ove Fenne acquired 11,555 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $8.74 per share, with a total value of $100,990.70. Following the completion of the purchase, the insider now owns 18,090 shares in the company, valued at approximately $158,106.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Angel R. Martinez sold 4,424 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $7.55, for a total transaction of $33,401.20. Following the transaction, the director now directly owns 35,374 shares of the company’s stock, valued at $267,073.70. The disclosure for this sale can be found here. Insiders own 4.58% of the company’s stock.
Several large investors have recently modified their holdings of the company. US Bancorp DE lifted its position in Tupperware Brands by 9.4% during the second quarter. US Bancorp DE now owns 8,489 shares of the company’s stock valued at $162,000 after purchasing an additional 731 shares during the period. Moody National Bank Trust Division raised its position in Tupperware Brands by 4.7% in the third quarter. Moody National Bank Trust Division now owns 30,883 shares of the company’s stock worth $490,000 after acquiring an additional 1,383 shares during the period. Public Employees Retirement System of Ohio raised its position in Tupperware Brands by 4.5% in the third quarter. Public Employees Retirement System of Ohio now owns 35,686 shares of the company’s stock worth $566,000 after acquiring an additional 1,524 shares during the period. Quadrant Capital Group LLC raised its position in Tupperware Brands by 962.8% in the third quarter. Quadrant Capital Group LLC now owns 2,115 shares of the company’s stock worth $31,000 after acquiring an additional 1,916 shares during the period. Finally, Bank of Montreal Can raised its position in Tupperware Brands by 23.1% in the second quarter. Bank of Montreal Can now owns 16,213 shares of the company’s stock worth $308,000 after acquiring an additional 3,040 shares during the period. 86.12% of the stock is owned by hedge funds and other institutional investors.
Tupperware Brands Company Profile (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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