Tupperware Brands Corporation (TUP) is Downgraded by B. Riley & Co. to Sell, Lowers Price Target to $ 47

Tupperware Brands Corporation (TUP) was Downgraded by B. Riley & Co. to ” Sell” while Lowering the Price Target of the company shares to $ 47 from a previous price target of $64 . Earlier the firm had a rating of “Neutral ” on the company shares. B. Riley & Co. advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Tupperware Brands Corporation. Company shares were Reiterated by B. Riley & Co. on Oct 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 64 from a previous price target of $53 .

On the company’s financial health, Tupperware Brands Corporation reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.80. The company had revenue of $521.80 million for the quarter, compared to analysts expectations of $528.34 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Tupperware Brands Corporation opened for trading at $59.24 and hit $60.5 on the upside on Friday, eventually ending the session at $59.28, with a gain of 0.19% or 0.11 points. The heightened volatility saw the trading volume jump to 2,64,094 shares. Company has a market cap of $2,997 M.

Investors should note that on Nov 18, 2016, Tupperware Brands Corporation announced a cash dividend of $0.6800. The company’s management has announced Dec 16, 2016 as the ex-dividend date and fixed the record date on Dec 20, 2016. The payable date has been fixed on Jan 6, 2017.

In a different news, on Nov 9, 2016, Allan Dando (Group President) sold 620 shares at $59.81 per share price. According to the SEC, on Nov 2, 2016, Thomas M Roehlk (EVP, Chief Legal Officer & Sec) sold 2,000 shares at $58.96 per share price. On Aug 5, 2016, Asha Gupta (Group President) sold 400 shares at $62.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Tupperware Brands Corporation (Tupperware Brands) is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. The Company’s Europe Asia Pacific and Tupperware North America segments offer storage and serving solutions for the kitchen and home through the Tupperware brand. Europe segment includes Avroy Shlain which sells beauty and personal care products. 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.

Tupperware Brands Corporation

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Tupperware Brands Corporation - Is it time to Sell?

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