Today’s Rating: Is It Finally Time To Sell? B. Riley Downgrades Tupperware Brands Corporation (NYSE:TUP), Has $47.00 Target

November 28, 2016 - By Hazel Jackson

Today's Rating:  Is It Finally Time To Sell? B. Riley Downgrades Tupperware Brands Corporation (NYSE:TUP), Has $47.00 Target

Tupperware Brands Corporation (NYSE:TUP) Downgrade

Stock research analysts at B. Riley’s equities research division lowered Tupperware Brands Corporation (NYSE:TUP)‘s stock from “Neutral” to “Sell” on 28 November. The analysts at B. Riley have a target price per share of $47.00 on TUP or -16.80% more downside.

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 6.40% above today’s ($56.7) stock price. Tupperware Brands Corporation has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “” rating given by Citigroup on Tuesday, July 19. B. Riley & Co maintained the stock with “Neutral” rating in Thursday, April 21 report. The firm has “Underperform” rating by Bank of America given on Thursday, October 8. On Friday, February 26 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The stock of Tupperware Brands Corporation (NYSE:TUP) earned “Neutral” rating by Citigroup on Friday, March 18. The firm has “Neutral” rating by JP Morgan given on Wednesday, September 2. B. Riley & Co maintained Tupperware Brands Corporation (NYSE:TUP) rating on Friday, October 21. B. Riley & Co has “Neutral” rating and $64 price target. The firm has “Neutral” rating by B. Riley & Co given on Thursday, October 22. The company was downgraded on Thursday, January 28 by Piper Jaffray.

About 580,774 shares traded hands or 7.00% 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 $70.86M for 10.13 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.

Grantham Mayo Van Otterloo & Co Limited Co, a Massachusetts-based fund reported 210,527 shares. National Bank & Trust Of Montreal Can, a Ontario – Canada-based fund reported 22,126 shares. Denver Inv Advsrs Limited Company reported 348,703 shares or 0.89% of all its holdings. The Germany-based Allianz Asset Mgmt Ag has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Fenimore Asset Inc last reported 68,650 shares in the company. Winslow Evans & Crocker Incorporated holds 0% or 180 shares in its portfolio. Schroder Invest Management Grp Incorporated has invested 0.11% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Bahl & Gaynor, a Ohio-based fund reported 13,625 shares. Blackrock Institutional Na holds 1.77 million shares or 0.02% of its portfolio. Quantitative Investment Ltd Co, a Virginia-based fund reported 4,000 shares. Comerica Comml Bank reported 36,678 shares or 0.02% of all its holdings. Mufg Americas last reported 600 shares in the company. Delta Asset Mgmt Lc Tn holds 367 shares or 0% of its portfolio. The New York-based Ibm Retirement Fund has invested 0.01% in Tupperware Brands Corporation (NYSE:TUP). The Ontario – Canada-based Toronto Dominion Bankshares has invested 0% in Tupperware Brands Corporation (NYSE:TUP).

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 11 selling transactions for $10.85 million net activity. 400 shares with value of $25,060 were sold by GUPTA ASHA on Thursday, August 4. ROEHLK THOMAS M also sold $125,009 worth of Tupperware Brands Corporation (NYSE:TUP) on Monday, August 1. MARTINEZ ANGEL R had sold 10,000 shares worth $622,272 on Monday, July 25. $37,086 worth of Tupperware Brands Corporation (NYSE:TUP) was sold by DANDO ALLAN. Shares for $9.37M were sold 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 $2.87 billion. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. It has a 14.18 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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