Ratings Change: B. Riley & Co.: Time To Decrease Faith In Tupperware (NYSE:TUP)

November 28, 2016 - By Marie Mckinney

Ratings Change:  B. Riley & Co.: Time To Decrease Faith In Tupperware (NYSE:TUP)

Tupperware (NYSE:TUP) Downgrade

B. Riley & Co. gave Tupperware (NYSE:TUP) shares a new Sell rating in a a report revealed to investors on Monday, 28 November. This is cut from the last Neutral rating. The financial company after the upgrade has a $47 price target on firm, suggesting -18.28% downside potential.

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 4.90% above today’s ($57.51) stock price. Tupperware Brands Corporation has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, January 28 by Piper Jaffray. The firm has “Neutral” rating given on Friday, October 21 by B. Riley & Co. B. Riley & Co maintained the shares of TUP in a report on Thursday, April 21 with “Neutral” rating. JP Morgan maintained Tupperware Brands Corporation (NYSE:TUP) rating on Wednesday, September 2. JP Morgan has “Neutral” rating and $60 price target. As per Thursday, October 8, the company rating was downgraded by Bank of America. Citigroup maintained the shares of TUP in a report on Tuesday, July 19 with “” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, February 26 report. The rating was maintained by Citigroup with “Neutral” on Friday, March 18. B. Riley & Co maintained Tupperware Brands Corporation (NYSE:TUP) rating on Thursday, October 22. B. Riley & Co has “Neutral” rating and $67 price target.

About 170 shares traded hands. 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 earnings per share, up 3.70% or $0.05 from last year’s $1.35 per share. TUP’s profit will be $73.03 million for 10.27 P/E if the $1.40 EPS becomes a reality. After $0.87 actual earnings per share 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 2016 Q2. Its up 0.23, from 1.11 in 2016Q1. The ratio increased, 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.

Mufg Americas Corporation holds 600 shares or 0% of its portfolio. Nicholas Incorporated Wi last reported 304,650 shares in the company. Blackrock Fund, a California-based fund reported 6.02M shares. Neumeier Poma Invest Counsel Lc has invested 1.86% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Shamrock Asset Mngmt Limited Liability Corp reported 175 shares or 0.01% of all its holdings. State Of Alaska Department Of Revenue last reported 3,940 shares in the company. Quantum Ltd Nj accumulated 2.27% or 123,141 shares. Teachers has 78,287 shares for 0.01% of their US portfolio. Old Mutual Investors (Uk) Ltd accumulated 9,352 shares or 0.01% of the stock. Raymond James Services last reported 0.01% of its portfolio in the stock. The United Kingdom-based Legal & General Gru Public Limited Co has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Edmp Incorporated, a Florida-based fund reported 62,484 shares. Los Angeles Equity owns 79,235 shares or 0.04% of their US portfolio. Denver Investment Advsr Limited Liability owns 348,703 shares or 0.89% of their US portfolio. Wealthtrust holds 0% of its portfolio in Tupperware Brands Corporation (NYSE:TUP) for 10 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 11 selling transactions for $10.85 million net activity. GUPTA ASHA had sold 400 shares worth $25,060. MARTINEZ ANGEL R sold 10,000 shares worth $622,272. On Friday, July 1 ROEHLK THOMAS M sold $112,883 worth of the stock or 2,000 shares. $37,086 worth of Tupperware Brands Corporation (NYSE:TUP) shares were sold by DANDO ALLAN. Another trade for 150,000 shares valued at $9.37 million was made by GOINGS E V on Friday, July 22.

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 $3.00 billion. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. It has a 14.83 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 Fool.com published article titled: “Why Tupperware Brands Corporation Shares Tanked”, Prnewswire.com published: “Tupperware Brands Corporation Announces First Quarter 2016 Earnings Conference …” on March 23, 2016. More interesting news about Tupperware Brands Corporation (NYSE:TUP) was released by: Prnewswire.com and their article: “Tupperware Brands Corporation Announces Second Quarter 2016 Earnings …” with publication date: June 16, 2016.

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