Shares of Tupperware Brands Co. (NYSE:TUP) hit a new 52-week low on Monday . The stock traded as low as $21.78 and last traded at $21.82, with a volume of 18764 shares. The stock had previously closed at $22.47.
Several brokerages recently weighed in on TUP. Zacks Investment Research raised shares of Tupperware Brands from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. TheStreet raised shares of Tupperware Brands from a “d+” rating to a “c” rating in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Tupperware Brands has an average rating of “Hold” and a consensus target price of $36.75.
The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.05, a price-to-earnings-growth ratio of 0.47 and a beta of 0.80.
Tupperware Brands (NYSE:TUP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). Tupperware Brands had a negative return on equity of 102.79% and a net margin of 7.80%. The business had revenue of $487.30 million during the quarter, compared to the consensus estimate of $496.60 million. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts expect that Tupperware Brands Co. will post 4.02 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Tupperware Brands by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,956,652 shares of the company’s stock valued at $219,622,000 after buying an additional 32,673 shares during the period. AQR Capital Management LLC lifted its holdings in Tupperware Brands by 35.4% in the first quarter. AQR Capital Management LLC now owns 1,773,783 shares of the company’s stock valued at $45,373,000 after buying an additional 463,928 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Tupperware Brands by 5.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,605,192 shares of the company’s stock valued at $50,676,000 after buying an additional 84,813 shares during the period. Bank of New York Mellon Corp lifted its holdings in Tupperware Brands by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,256,677 shares of the company’s stock valued at $39,674,000 after buying an additional 154,655 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Tupperware Brands by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,113,074 shares of the company’s stock valued at $28,472,000 after buying an additional 83,771 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.
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About Tupperware Brands (NYSE:TUP)
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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