Analysts Set Tupperware Brands Co. (TUP) Price Target at $51.00

Shares of Tupperware Brands Co. (NYSE:TUP) have been assigned an average rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $51.00.

Several analysts have recently commented on the company. Argus cut Tupperware Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut Tupperware Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 18th. Finally, Bank of America decreased their target price on Tupperware Brands from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, October 4th.

Shares of Tupperware Brands stock opened at $32.53 on Friday. The firm has a market capitalization of $1.67 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of -3.44. Tupperware Brands has a 12 month low of $31.08 and a 12 month high of $66.26.

Tupperware Brands (NYSE:TUP) last issued its earnings results on Wednesday, July 25th. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.05. The business had revenue of $535.40 million during the quarter, compared to analysts’ expectations of $548.69 million. Tupperware Brands had a negative return on equity of 576.26% and a negative net margin of 8.87%. Tupperware Brands’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, analysts predict that Tupperware Brands will post 4.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Wednesday, September 19th were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 18th. This represents a $2.72 annualized dividend and a dividend yield of 8.36%. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.

Several institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its position in Tupperware Brands by 90.5% during the second quarter. Northern Trust Corp now owns 819,230 shares of the company’s stock valued at $33,785,000 after purchasing an additional 389,191 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Tupperware Brands by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 1,100,328 shares of the company’s stock valued at $45,377,000 after purchasing an additional 39,623 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its position in Tupperware Brands by 4,024.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 48,828 shares of the company’s stock valued at $1,184,000 after purchasing an additional 47,644 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Tupperware Brands by 122.4% during the second quarter. Advisors Asset Management Inc. now owns 94,089 shares of the company’s stock valued at $3,880,000 after purchasing an additional 51,780 shares during the last quarter. Finally, Miller Value Partners LLC acquired a new stake in Tupperware Brands during the second quarter valued at $4,124,000. 85.34% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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