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

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

Other research analysts have also recently issued reports about the company. Citigroup reduced their price target on Tupperware Brands from $11.50 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, October 5th. DA Davidson reduced their price target on Tupperware Brands from $10.00 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 3rd.

Tupperware Brands Price Performance

Shares of Tupperware Brands stock traded up $0.31 during trading hours on Thursday, hitting $4.61. The company’s stock had a trading volume of 1,129,950 shares, compared to its average volume of 1,901,016. Tupperware Brands has a 12 month low of $3.87 and a 12 month high of $21.10. The stock has a 50 day moving average of $6.39 and a 200 day moving average of $7.54. The company has a market capitalization of $205.05 million, a PE ratio of 5.42 and a beta of 2.38.

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

Insider Activity

In other Tupperware Brands news, insider Richard Goudis acquired 254,500 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $3.93 per share, with a total value of $1,000,185.00. Following the completion of the transaction, the insider now directly owns 424,500 shares in the company, valued at approximately $1,668,285. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tupperware Brands news, insider Richard Goudis acquired 254,500 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $3.93 per share, with a total value of $1,000,185.00. Following the completion of the transaction, the insider now directly owns 424,500 shares in the company, valued at approximately $1,668,285. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Calero Miguel Angel Fernandez acquired 24,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was acquired at an average cost of $4.23 per share, with a total value of $101,520.00. Following the completion of the transaction, the chief executive officer now owns 485,965 shares of the company’s stock, valued at $2,055,631.95. The disclosure for this purchase can be found here. Insiders own 2.19% of the company’s stock.

Hedge Funds Weigh In On Tupperware Brands

Large investors have recently made changes to their positions in the company. Trustcore Financial Services LLC bought a new position in shares of Tupperware Brands during the first quarter worth approximately $25,000. KBC Group NV bought a new position in shares of Tupperware Brands during the second quarter worth approximately $27,000. Dark Forest Capital Management LP bought a new position in shares of Tupperware Brands during the second quarter worth approximately $31,000. D.A. Davidson & CO. bought a new position in shares of Tupperware Brands during the third quarter worth approximately $68,000. Finally, Sigma Planning Corp bought a new position in shares of Tupperware Brands during the second quarter worth approximately $70,000. Institutional investors own 73.06% of the company’s stock.

About Tupperware Brands

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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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