Tupperware Brands (NYSE:TUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $71.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 11.13% from the company’s previous close.
According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.2 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and for over 65 years they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “
Other equities research analysts also recently issued research reports about the company. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a report on Wednesday, October 25th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Morgan Stanley raised their target price on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Finally, SunTrust Banks reissued a “hold” rating and issued a $65.00 target price on shares of Tupperware Brands in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.83.
Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The company had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. During the same quarter last year, the company earned $0.87 earnings per share. Tupperware Brands’s quarterly revenue was up 3.4% compared to the same quarter last year. equities research analysts expect that Tupperware Brands will post 4.75 EPS for the current year.
In other news, Chairman E V. Goings sold 44,600 shares of Tupperware Brands stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the completion of the transaction, the chairman now owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of Tupperware Brands stock in a transaction on Friday, December 1st. The stock was sold at an average price of $62.07, for a total value of $124,140.00. Following the transaction, the executive vice president now directly owns 10,665 shares of the company’s stock, valued at approximately $661,976.55. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock valued at $3,009,036 in the last ninety days. Corporate insiders own 3.22% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Intl Fcstone Inc. purchased a new stake in Tupperware Brands during the 2nd quarter worth about $496,000. Fox Run Management L.L.C. increased its position in Tupperware Brands by 83.5% during the 3rd quarter. Fox Run Management L.L.C. now owns 15,600 shares of the company’s stock worth $964,000 after purchasing an additional 7,100 shares in the last quarter. Sei Investments Co. increased its position in Tupperware Brands by 15.0% during the 2nd quarter. Sei Investments Co. now owns 47,064 shares of the company’s stock worth $3,304,000 after purchasing an additional 6,139 shares in the last quarter. Bank of New York Mellon Corp increased its position in Tupperware Brands by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 838,830 shares of the company’s stock worth $58,910,000 after purchasing an additional 20,834 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Tupperware Brands during the 2nd quarter worth about $2,222,000. 83.91% of the stock is owned by institutional investors and hedge funds.
Tupperware Brands Company Profile
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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