Invesco Ltd. increased its position in shares of Tupperware Brands Co. (NYSE:TUP) by 39.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,821 shares of the company’s stock after purchasing an additional 25,601 shares during the period. Invesco Ltd. owned 0.19% of Tupperware Brands worth $1,729,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in shares of Tupperware Brands in the second quarter valued at about $368,000. Aperio Group LLC raised its holdings in shares of Tupperware Brands by 30.5% in the second quarter. Aperio Group LLC now owns 123,593 shares of the company’s stock valued at $2,352,000 after buying an additional 28,856 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Tupperware Brands during the second quarter worth about $235,000. Vanguard Group Inc. increased its stake in shares of Tupperware Brands by 1.5% during the second quarter. Vanguard Group Inc. now owns 4,283,342 shares of the company’s stock worth $81,512,000 after acquiring an additional 64,988 shares during the period. Finally, LGT Capital Partners LTD. increased its stake in shares of Tupperware Brands by 54.8% during the second quarter. LGT Capital Partners LTD. now owns 1,143,420 shares of the company’s stock worth $21,759,000 after acquiring an additional 404,840 shares during the period. Hedge funds and other institutional investors own 84.50% of the company’s stock.
Shares of TUP stock traded down $0.33 during trading hours on Friday, hitting $9.34. The company’s stock had a trading volume of 2,670,199 shares, compared to its average volume of 903,630. The business has a fifty day moving average of $14.57 and a 200-day moving average of $17.24. The stock has a market cap of $494.26 million, a price-to-earnings ratio of 2.17, a P/E/G ratio of 0.30 and a beta of 0.93. Tupperware Brands Co. has a twelve month low of $8.84 and a twelve month high of $38.73.
Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.20). The business had revenue of $418.10 million during the quarter, compared to analyst estimates of $437.29 million. Tupperware Brands had a net margin of 5.37% and a negative return on equity of 92.86%. The firm’s revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, analysts anticipate that Tupperware Brands Co. will post 2.8 earnings per share for the current fiscal year.
TUP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Sunday, November 3rd. ValuEngine upgraded shares of Tupperware Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock currently has an average rating of “Sell” and a consensus price target of $26.67.
About Tupperware Brands
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of 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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