Tupperware Brands Co. (NYSE:TUP) Insider Hector Lezama Acquires 33,500 Shares

Tupperware Brands Co. (NYSE:TUPGet Rating) insider Hector Lezama bought 33,500 shares of the stock in a transaction dated Friday, June 10th. The stock was purchased at an average price of $6.22 per share, with a total value of $208,370.00. Following the purchase, the insider now owns 199,679 shares in the company, valued at $1,242,003.38. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSE:TUP opened at $5.81 on Wednesday. The stock has a fifty day simple moving average of $11.70 and a two-hundred day simple moving average of $14.89. The stock has a market capitalization of $266.36 million, a price-to-earnings ratio of -11.39 and a beta of 2.59. Tupperware Brands Co. has a 12-month low of $5.54 and a 12-month high of $25.44.

Tupperware Brands (NYSE:TUPGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.25). The firm had revenue of $348.10 million for the quarter, compared to analysts’ expectations of $356.80 million. Tupperware Brands had a negative net margin of 1.69% and a negative return on equity of 69.39%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. Sell-side analysts predict that Tupperware Brands Co. will post 1.97 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. DA Davidson cut Tupperware Brands from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research note on Thursday, May 5th. Citigroup cut Tupperware Brands from a “buy” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $13.00 in a research note on Thursday, May 5th. Finally, StockNews.com initiated coverage on Tupperware Brands in a research note on Thursday, March 31st. They set a “hold” rating for the company.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Tupperware Brands during the 4th quarter valued at about $53,648,000. Peregrine Capital Management LLC purchased a new stake in shares of Tupperware Brands during the 4th quarter valued at about $6,367,000. Goldman Sachs Group Inc. boosted its holdings in shares of Tupperware Brands by 229.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 534,252 shares of the company’s stock valued at $8,168,000 after acquiring an additional 372,278 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Tupperware Brands by 187.4% during the 2nd quarter. Morgan Stanley now owns 534,734 shares of the company’s stock valued at $12,700,000 after acquiring an additional 348,656 shares during the last quarter. Finally, Credit Suisse AG boosted its holdings in shares of Tupperware Brands by 737.2% during the 4th quarter. Credit Suisse AG now owns 322,405 shares of the company’s stock valued at $4,930,000 after acquiring an additional 283,894 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Tupperware Brands Company Profile (Get Rating)

Tupperware Brands Corporation operates as a consumer products company worldwide. The company manufactures, markets, and sells 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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