Tupperware Brands Co. (NYSE:TUP) EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $62.58, for a total value of $125,160.00. Following the completion of the sale, the executive vice president now directly owns 24,765 shares of the company’s stock, valued at approximately $1,549,793.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Tupperware Brands Co. (NYSE:TUP) traded down 0.71% on Friday, hitting $64.20. The stock had a trading volume of 409,171 shares. The stock’s 50-day moving average price is $62.08 and its 200 day moving average price is $59.31. Tupperware Brands Co. has a 52 week low of $50.42 and a 52 week high of $66.90. The company has a market cap of $3.25 billion, a PE ratio of 14.56 and a beta of 1.65.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, February 1st. The company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.08. Tupperware Brands had a return on equity of 117.25% and a net margin of 10.10%. The business had revenue of $600.90 million for the quarter, compared to the consensus estimate of $617.87 million. During the same quarter last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Tupperware Brands Co. will post $4.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Shareholders of record on Monday, March 20th were given a dividend of $0.68 per share. The ex-dividend date was Thursday, March 16th. This represents a $2.72 dividend on an annualized basis and a yield of 4.21%. Tupperware Brands’s payout ratio is 61.82%.
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A number of brokerages have issued reports on TUP. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, April 6th. B. Riley reaffirmed a “neutral” rating and set a $54.00 target price on shares of Tupperware Brands in a research report on Sunday, February 5th. Finally, TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research report on Wednesday, February 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Tupperware Brands presently has a consensus rating of “Hold” and an average target price of $61.75.
A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Tupperware Brands by 7.3% in the third quarter. Creative Planning now owns 1,803 shares of the company’s stock valued at $118,000 after buying an additional 122 shares in the last quarter. Huntington National Bank increased its position in Tupperware Brands by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock valued at $120,000 after buying an additional 212 shares in the last quarter. TLP Group LLC bought a new position in Tupperware Brands during the third quarter valued at approximately $130,000. Flinton Capital Management LLC bought a new position in Tupperware Brands during the fourth quarter valued at approximately $144,000. Finally, Tompkins Financial Corp bought a new position in Tupperware Brands during the first quarter valued at approximately $154,000. Institutional investors and hedge funds own 87.95% of the company’s stock.
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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