Traders Buy High Volume of Put Options on Tupperware Brands (TUP)

Tupperware Brands Co. (NYSE:TUP) saw some unusual options trading on Thursday. Stock traders purchased 2,024 put options on the stock. This is an increase of 1,469% compared to the typical volume of 129 put options.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $62.43, for a total value of $124,860.00. Following the completion of the transaction, the executive vice president now directly owns 6,765 shares of the company’s stock, valued at $422,338.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.14% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. First Allied Advisory Services Inc. lifted its stake in Tupperware Brands by 1.2% in the second quarter. First Allied Advisory Services Inc. now owns 5,793 shares of the company’s stock valued at $405,000 after purchasing an additional 66 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Tupperware Brands by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 16,180 shares of the company’s stock worth $1,136,000 after acquiring an additional 244 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Tupperware Brands by 0.5% during the second quarter. Royal Bank of Canada now owns 55,120 shares of the company’s stock worth $3,872,000 after acquiring an additional 273 shares in the last quarter. Security National Bank of SO Dak lifted its position in shares of Tupperware Brands by 3.5% during the second quarter. Security National Bank of SO Dak now owns 9,911 shares of the company’s stock worth $696,000 after acquiring an additional 331 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Tupperware Brands by 1.3% during the second quarter. Alliancebernstein L.P. now owns 34,838 shares of the company’s stock worth $2,447,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

Several research firms have recently issued reports on TUP. Zacks Investment Research lowered Tupperware Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Morgan Stanley upped their target price on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. ValuEngine raised Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a report on Saturday, November 25th. Finally, TheStreet upgraded Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Tupperware Brands currently has an average rating of “Hold” and a consensus target price of $67.67.

Tupperware Brands (NYSE TUP) opened at $51.64 on Tuesday. Tupperware Brands has a 12 month low of $51.55 and a 12 month high of $74.36. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of -5.19. The company has a market capitalization of $2,775.91, a P/E ratio of -9.91, a P/E/G ratio of 0.88 and a beta of 1.49.

Tupperware Brands (NYSE:TUP) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.50 by $0.09. Tupperware Brands had a positive return on equity of 159.90% and a negative net margin of 11.77%. The business had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. During the same quarter in the prior year, the business earned $1.45 earnings per share. Tupperware Brands’s revenue for the quarter was down 2.0% on a year-over-year basis. equities analysts expect that Tupperware Brands will post 5.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be paid a $0.68 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.72 annualized dividend and a yield of 5.27%. Tupperware Brands’s payout ratio is -52.21%.

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About Tupperware Brands

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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