Tupperware Brands (NYSE:TUP) Downgraded by StockNews.com

Tupperware Brands (NYSE:TUPGet Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other equities analysts have also issued reports on the company. DA Davidson decreased their price target on Tupperware Brands from $10.00 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd. Citigroup decreased their price target on Tupperware Brands from $11.50 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 5th.

Tupperware Brands Price Performance

Tupperware Brands stock traded up $0.31 during mid-day trading on Thursday, reaching $4.61. 1,129,950 shares of the company were exchanged, compared to its average volume of 1,901,016. The company has a fifty day simple moving average of $6.39 and a 200-day simple moving average of $7.54. Tupperware Brands has a 12 month low of $3.87 and a 12 month high of $21.10. The firm has a market cap of $205.05 million, a PE ratio of 5.42 and a beta of 2.38.

Tupperware Brands (NYSE:TUPGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.36). Tupperware Brands had a net margin of 3.01% and a negative return on equity of 26.20%. The business had revenue of $302.80 million during the quarter, compared to the consensus estimate of $316.10 million. During the same quarter in the previous year, the business posted $1.19 EPS. The company’s revenue for the quarter was down 19.7% on a year-over-year basis. Sell-side analysts anticipate that Tupperware Brands will post 0.97 earnings per share for the current year.

Insider Activity at Tupperware Brands

In other news, insider Richard Goudis acquired 254,500 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $3.93 per share, with a total value of $1,000,185.00. Following the acquisition, the insider now directly owns 424,500 shares in the company, valued at approximately $1,668,285. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Calero Miguel Angel Fernandez acquired 24,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $4.23 per share, with a total value of $101,520.00. Following the acquisition, the chief executive officer now directly owns 485,965 shares in the company, valued at approximately $2,055,631.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Goudis acquired 254,500 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $3.93 per share, for a total transaction of $1,000,185.00. Following the acquisition, the insider now owns 424,500 shares in the company, valued at $1,668,285. The disclosure for this purchase can be found here. 2.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new position in Tupperware Brands during the 1st quarter worth about $197,000. APG Asset Management N.V. lifted its holdings in Tupperware Brands by 109.1% during the 1st quarter. APG Asset Management N.V. now owns 168,300 shares of the company’s stock worth $2,942,000 after buying an additional 87,800 shares during the period. Exchange Traded Concepts LLC acquired a new position in Tupperware Brands during the 2nd quarter worth about $409,000. Victory Capital Management Inc. lifted its stake in shares of Tupperware Brands by 67.6% in the 1st quarter. Victory Capital Management Inc. now owns 20,970 shares of the company’s stock valued at $369,000 after purchasing an additional 8,459 shares during the period. Finally, State of Tennessee Treasury Department lifted its stake in shares of Tupperware Brands by 25.7% in the 1st quarter. State of Tennessee Treasury Department now owns 36,765 shares of the company’s stock valued at $715,000 after purchasing an additional 7,525 shares during the period. 73.06% of the stock is owned by institutional investors and hedge funds.

Tupperware Brands Company Profile

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Tupperware Brands Corporation operates as a consumer products company worldwide. The company manufactures, markets, and sells 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

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