Stock Traders Purchase Large Volume of Tupperware Brands Call Options (NYSE:TUP)

Tupperware Brands Co. (NYSE:TUPGet Rating) was the recipient of unusually large options trading on Wednesday. Stock investors bought 3,841 call options on the stock. This is an increase of 148% compared to the typical volume of 1,550 call options.

Tupperware Brands Price Performance

Tupperware Brands stock opened at $10.92 on Friday. Tupperware Brands has a one year low of $5.54 and a one year high of $25.44. The business has a fifty day moving average price of $6.89 and a 200-day moving average price of $12.83. The firm has a market capitalization of $500.63 million, a P/E ratio of -21.41 and a beta of 2.46.

Tupperware Brands (NYSE:TUPGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. Tupperware Brands had a negative return on equity of 69.39% and a negative net margin of 1.69%. The firm had revenue of $340.40 million during the quarter, compared to analyst estimates of $321.37 million. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. Sell-side analysts expect that Tupperware Brands will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TUP. Citigroup raised their target price on Tupperware Brands from $8.00 to $11.50 in a research report on Thursday. DA Davidson downgraded Tupperware Brands from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Thursday, May 5th.

Insider Transactions at Tupperware Brands

In other Tupperware Brands news, Director Tim Minges purchased 16,500 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was bought at an average cost of $6.08 per share, with a total value of $100,320.00. Following the completion of the transaction, the director now owns 51,623 shares of the company’s stock, valued at approximately $313,867.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Hector Lezama bought 33,500 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was acquired at an average cost of $6.22 per share, with a total value of $208,370.00. Following the completion of the transaction, the insider now directly owns 199,679 shares of the company’s stock, valued at approximately $1,242,003.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tim Minges bought 16,500 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was purchased at an average cost of $6.08 per share, with a total value of $100,320.00. Following the completion of the transaction, the director now directly owns 51,623 shares of the company’s stock, valued at $313,867.84. The disclosure for this purchase can be found here. Insiders purchased a total of 120,000 shares of company stock valued at $717,840 over the last ninety days. 2.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tupperware Brands

A number of large investors have recently made changes to their positions in the stock. Trustcore Financial Services LLC bought a new stake in Tupperware Brands during the first quarter valued at $25,000. CWM LLC bought a new stake in Tupperware Brands during the fourth quarter valued at $32,000. KBC Group NV bought a new stake in Tupperware Brands during the second quarter valued at $27,000. Advisor Group Holdings Inc. lifted its stake in Tupperware Brands by 48.3% during the first quarter. Advisor Group Holdings Inc. now owns 7,419 shares of the company’s stock worth $143,000 after purchasing an additional 2,417 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Tupperware Brands during the first quarter worth about $197,000. 90.47% of the stock is owned by institutional investors.

Tupperware Brands Company Profile

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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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