Noteworthy Rating Filing: B. Riley: Time To Decrease Faith In Tupperware Brands Corporation (NYSE:TUP)

November 28, 2016 - By Marie Mckinney

Noteworthy Rating Filing:  B. Riley: Time To Decrease Faith In Tupperware Brands Corporation (NYSE:TUP)

Tupperware Brands Corporation (NYSE:TUP) Downgrade

B. Riley lowered the shares of Tupperware Brands Corporation (NYSE:TUP) from a Neutral rating to Sell rating in a a note made public on Monday morning. The broker from today has a $47.00 price target on company.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Out of 5 analysts covering Tupperware Brands Corporation (NYSE:TUP), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $67 is the highest target while $47 is the lowest. The $60.33 average target is 7.03% above today’s ($56.37) stock price. Tupperware Brands Corporation has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of TUP in a report on Tuesday, July 19 with “” rating. The stock has “Neutral” rating given by Piper Jaffray on Thursday, January 28. B. Riley & Co maintained it with “Neutral” rating and $47 target price in Thursday, April 21 report. The company was maintained on Friday, March 18 by Citigroup. The rating was downgraded by KeyBanc Capital Markets on Friday, February 26 to “Sector Weight”. The firm earned “Underperform” rating on Thursday, October 8 by Bank of America. The firm earned “Neutral” rating on Wednesday, September 2 by JP Morgan. The firm has “Neutral” rating by B. Riley & Co given on Thursday, October 22. As per Friday, October 21, the company rating was maintained by B. Riley & Co.

About 554,609 shares traded hands or 2.18% up from the average. Tupperware Brands Corporation (NYSE:TUP) has risen 0.51% since April 25, 2016 and is uptrending. It has underperformed by 5.51% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on January, 25. They expect $1.40 EPS, up 3.70% or $0.05 from last year’s $1.35 per share. TUP’s profit will be $71.03 million for 10.07 P/E if the $1.40 EPS becomes a reality. After $0.87 actual EPS reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts 60.92% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.23, from 1.11 in 2016Q1. The ratio is positive, as 49 funds sold all Tupperware Brands Corporation shares owned while 91 reduced positions. 38 funds bought stakes while 118 increased positions. They now own 45.27 million shares or 1.27% less from 45.85 million shares in 2016Q1.

Motley Fool Wealth Mgmt Lc has 0.28% invested in the company for 45,122 shares. Clearbridge Invs Limited, a New York-based fund reported 56,482 shares. The New York-based M&R Management has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Engineers Gate Manager Lp reported 9,749 shares or 0.04% of all its holdings. Welch Ltd Limited Liability Company accumulated 2,125 shares or 0.02% of the stock. The New York-based Mutual Of America Capital Mngmt Lc has invested 0.05% in Tupperware Brands Corporation (NYSE:TUP). Loudon Investment Management Ltd Liability Com reported 72,920 shares or 3.27% of all its holdings. Moreover, Federated Invsts Pa has 0.07% invested in Tupperware Brands Corporation (NYSE:TUP) for 438,126 shares. Curbstone Fin, a New Hampshire-based fund reported 7,740 shares. The Florida-based Butensky Cohen Security has invested 1.25% in Tupperware Brands Corporation (NYSE:TUP). Cantab Capital Prns Limited Liability Partnership has invested 0% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). First Citizens Retail Bank And Co has 5,791 shares for 0.03% of their US portfolio. Guggenheim Ltd Com has 0.01% invested in the company for 49,684 shares. Chicago Equity Partners Ltd Liability Corp holds 370,990 shares or 0.61% of its portfolio. Kanaly accumulated 0.02% or 2,070 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 11 selling transactions for $10.85 million net activity. ROEHLK THOMAS M sold $112,876 worth of stock. 150,000 shares were sold by GOINGS E V, worth $9.37 million. Shares for $25,060 were sold by GUPTA ASHA. $37,086 worth of Tupperware Brands Corporation (NYSE:TUP) was sold by DANDO ALLAN. 10,000 shares with value of $622,272 were sold by MARTINEZ ANGEL R on Monday, July 25.

Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The company has a market cap of $2.86 billion. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. It has a 14.1 P/E ratio. The Europe, Asia Pacific and Tupperware North America divisions include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.

According to Zacks Investment Research, “Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. 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 its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands.”

TUP Company Profile

Tupperware Brands Corporation (Tupperware Brands), incorporated on February 8, 1996, is a global direct-to-consumer firm engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Firm operates through five divisions in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Company’s Europe, Asia Pacific and Tupperware North America divisions include primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand. The Europe segment includes Avroy Shlain, which sells beauty and personal care products. The Asia Pacific segment sells beauty and personal care products under the NaturCare, Nutrimetics and Fuller brands. The Company’s Beauty North America segment offers cosmetics, skin care and personal care products marketed under the BeautiControl brand in the United States, Canada and Puerto Rico, and the Armand Dupree and Fuller Cosmetics brands in Mexico and Central America. The Company’s South America segment offers both housewares and beauty products under the Armand Dupree, Fuller, Nuvo and Tupperware brands.

More important recent Tupperware Brands Corporation (NYSE:TUP) news were published by: Prnewswire.com which released: “Tupperware Brands Corporation Announces Third Quarter 2016 Earnings Conference …” on September 22, 2016, also Prnewswire.com published article titled: “Tupperware Brands Appoints Stitzel President and Chief Operating Officer and …”, Fool.com published: “Why Tupperware Brands Corporation Shares Tanked” on January 27, 2016. More interesting news about Tupperware Brands Corporation (NYSE:TUP) was released by: Prnewswire.com and their article: “Tupperware Brands Corporation Announces First Quarter 2016 Earnings Conference …” with publication date: March 23, 2016.

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