Tupperware Brands (NYSE:TUP) had its target price cut by equities researchers at Citigroup from $62.00 to $56.00 in a research report issued on Tuesday. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 9.83% from the stock’s previous close.
TUP has been the subject of several other research reports. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Friday, January 12th. ValuEngine downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley lowered their target price on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. Finally, Bank of America lowered their target price on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.14.
Tupperware Brands (NYSE TUP) traded down $0.58 on Tuesday, reaching $50.99. 434,344 shares of the company traded hands, compared to its average volume of 698,766. Tupperware Brands has a 1-year low of $48.45 and a 1-year high of $74.36. The company has a debt-to-equity ratio of -5.07, a current ratio of 0.96 and a quick ratio of 0.56. The company has a market capitalization of $2,612.58, a PE ratio of -9.79, a price-to-earnings-growth ratio of 0.83 and a beta of 1.57.
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 owns 6,765 shares of the company’s stock, valued at $422,338.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TUP. Huber Capital Management LLC increased its stake in shares of Tupperware Brands by 44.3% in the third quarter. Huber Capital Management LLC now owns 904,724 shares of the company’s stock valued at $55,930,000 after buying an additional 277,660 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Tupperware Brands by 24.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 846,881 shares of the company’s stock valued at $53,099,000 after buying an additional 168,535 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Tupperware Brands in the fourth quarter valued at approximately $10,262,000. Bank of New York Mellon Corp increased its stake in shares of Tupperware Brands by 15.4% in the fourth quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock valued at $61,216,000 after buying an additional 130,092 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Tupperware Brands in the fourth quarter valued at approximately $7,455,000. 85.01% of the stock is owned by institutional investors.
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Tupperware Brands 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.
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