Legato Capital Management LLC Acquires 7,998 Shares of Tupperware Brands Corporation (TUP)

Legato Capital Management LLC increased its position in shares of Tupperware Brands Corporation (NYSE:TUP) by 891.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,895 shares of the company’s stock after buying an additional 7,998 shares during the period. Legato Capital Management LLC’s holdings in Tupperware Brands Corporation were worth $625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. boosted its position in Tupperware Brands Corporation by 1,066.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,750 shares of the company’s stock worth $110,000 after buying an additional 1,600 shares during the last quarter. Founders Capital Management bought a new position in Tupperware Brands Corporation during the first quarter worth $110,000. Kernodle & Katon Asset Management Group LLC bought a new position in Tupperware Brands Corporation during the first quarter worth $110,000. Huntington National Bank boosted its position in Tupperware Brands Corporation by 12.5% in the first quarter. Huntington National Bank now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 212 shares during the last quarter. Finally, TrimTabs Asset Management LLC bought a new position in Tupperware Brands Corporation during the first quarter worth $125,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Shares of Tupperware Brands Corporation (NYSE:TUP) opened at 58.69 on Thursday. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The stock has a market capitalization of $2.99 billion, a PE ratio of 18.98 and a beta of 1.61. The company’s 50 day moving average is $66.78 and its 200-day moving average is $65.59.

Tupperware Brands Corporation (NYSE:TUP) last released its earnings results on Wednesday, July 26th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Tupperware Brands Corporation had a net margin of 7.00% and a return on equity of 102.71%. The firm had revenue of $572.90 million for the quarter, compared to the consensus estimate of $580.19 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Tupperware Brands Corporation will post $4.70 earnings per share for the current year.

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A number of research analysts have weighed in on the stock. Sidoti boosted their target price on shares of Tupperware Brands Corporation from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research cut shares of Tupperware Brands Corporation from a “buy” rating to a “sell” rating in a research note on Wednesday, June 28th. BidaskClub cut shares of Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, B. Riley restated a “neutral” rating and set a $54.00 price target on shares of Tupperware Brands Corporation in a research note on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $71.33.

In related news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $71.94, for a total transaction of $143,880.00. Following the sale, the executive vice president now owns 20,765 shares of the company’s stock, valued at $1,493,834.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Thomas M. Roehlk sold 12,250 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $72.75, for a total transaction of $891,187.50. Following the sale, the executive vice president now directly owns 33,015 shares in the company, valued at approximately $2,401,841.25. The disclosure for this sale can be found here. Insiders sold 21,200 shares of company stock worth $1,508,578 in the last three months. Insiders own 3.22% of the company’s stock.

Tupperware Brands Corporation 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.

Institutional Ownership by Quarter for Tupperware Brands Corporation (NYSE:TUP)

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