Tupperware Brands (NYSE:TUP) Lowered to Sell at Zacks Investment Research

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Tupperware Brands (NYSE:TUP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Tupperware Brands is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands. Tupperware Brands’ growth comes from its worldwide sales force, and they have made an unwavering commitment to Enlighten, Educate and Empower women and their families across the globe. “

Other equities analysts have also recently issued research reports about the company. ValuEngine raised Tupperware Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Citigroup decreased their price objective on Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $30.00.

Shares of TUP opened at $15.86 on Friday. The stock has a 50-day moving average of $15.10 and a two-hundred day moving average of $18.63. Tupperware Brands has a one year low of $12.00 and a one year high of $38.90. The stock has a market cap of $783.11 million, a P/E ratio of 3.69, a P/E/G ratio of 0.39 and a beta of 0.98.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.04). Tupperware Brands had a negative return on equity of 98.57% and a net margin of 6.79%. The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $503.40 million. During the same period in the prior year, the firm posted $1.09 EPS. The business’s revenue was down 11.2% compared to the same quarter last year. As a group, equities research analysts predict that Tupperware Brands will post 3.43 EPS for the current fiscal year.

In related news, Director Kriss Cloninger III acquired 4,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $15.00 per share, with a total value of $60,000.00. Following the acquisition, the director now directly owns 53,809 shares in the company, valued at approximately $807,135. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E V. Goings acquired 33,500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $15.00 per share, with a total value of $502,500.00. Following the acquisition, the director now owns 103,853 shares in the company, valued at $1,557,795. The disclosure for this purchase can be found here. Insiders own 4.58% of the company’s stock.

Several hedge funds have recently modified their holdings of TUP. Signaturefd LLC raised its holdings in Tupperware Brands by 1,143.1% in the 2nd quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock worth $27,000 after purchasing an additional 1,326 shares during the period. Point72 Hong Kong Ltd raised its holdings in Tupperware Brands by 366.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,790 shares of the company’s stock worth $91,000 after purchasing an additional 3,762 shares during the period. Advisory Services Network LLC raised its holdings in Tupperware Brands by 154.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,964 shares of the company’s stock worth $133,000 after purchasing an additional 4,226 shares during the period. US Bancorp DE raised its holdings in Tupperware Brands by 9.4% in the 2nd quarter. US Bancorp DE now owns 8,489 shares of the company’s stock worth $162,000 after purchasing an additional 731 shares during the period. Finally, Zebra Capital Management LLC acquired a new position in Tupperware Brands in the 2nd quarter worth about $208,000. 84.69% of the stock is owned by institutional investors and hedge funds.

Tupperware Brands Company Profile

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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