Shares of Tupperware Brands Co. (NYSE:TUP) have received a consensus rating of “Sell” from the six analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.67.
A number of equities research analysts recently issued reports on the company. Bank of America lowered their price objective on Canopy Growth from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, June 19th. TheStreet upgraded Tupperware Brands from a “d+” rating to a “c” rating in a research report on Friday, March 15th. Citigroup reiterated a “buy” rating on shares of Healthequity in a research report on Friday, June 28th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LGT Capital Partners LTD. boosted its position in Tupperware Brands by 54.8% during the 2nd quarter. LGT Capital Partners LTD. now owns 1,143,420 shares of the company’s stock valued at $21,759,000 after acquiring an additional 404,840 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Tupperware Brands during the first quarter valued at approximately $1,321,000. Anderson Fisher LLC lifted its holdings in shares of Tupperware Brands by 3.1% during the first quarter. Anderson Fisher LLC now owns 27,978 shares of the company’s stock valued at $716,000 after purchasing an additional 840 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Tupperware Brands by 205.1% during the first quarter. Trexquant Investment LP now owns 102,076 shares of the company’s stock valued at $2,611,000 after purchasing an additional 68,615 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of Tupperware Brands by 1,160.9% during the first quarter. NumerixS Investment Technologies Inc now owns 18,914 shares of the company’s stock valued at $482,000 after purchasing an additional 17,414 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.01). Tupperware Brands had a negative return on equity of 102.79% and a net margin of 7.80%. The business had revenue of $487.30 million during the quarter, compared to analysts’ expectations of $496.60 million. During the same quarter last year, the business posted $0.91 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Research analysts anticipate that Tupperware Brands will post 4.02 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.08 dividend on an annualized basis and a yield of 6.12%. 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.
Further Reading: Why is cost of goods sold important?
Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.