Tupperware Brands (TUP) Sets New 52-Week Low at $21.78

Share on StockTwits

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.

COPYRIGHT VIOLATION WARNING: This report was originally published by Highlight Press and is the property of of Highlight Press. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://highlightpress.com/2019/05/20/tupperware-brands-tup-sets-new-52-week-low-at-21-78.html.

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.

Featured Story: What are popular range trading strategies?

Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.