Short Interest Don’t Lie: Is Tupperware Brands Corporation (NYSE:TUP) a Buy? The Stock Reported more Sellers

November 18, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Don't Lie: Is Tupperware Brands Corporation (NYSE:TUP) a Buy? The Stock Reported more Sellers

The stock of Tupperware Brands Corporation (NYSE:TUP) registered an increase of 0.12% in short interest. TUP’s total short interest was 3.75 million shares in November as published by FINRA. Its up 0.12% from 3.75 million shares, reported previously. With 364,000 shares average volume, it will take short sellers 10 days to cover their TUP’s short positions. The short interest to Tupperware Brands Corporation’s float is 7.5%. About 8,839 shares traded hands. Tupperware Brands Corporation (NYSE:TUP) has declined 3.69% since April 18, 2016 and is downtrending. It has underperformed by 8.12% the S&P500.

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 $3.03 billion. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. It has a 14.8 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.

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. 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.
The California-based Neumeier Poma Invest Counsel Ltd Llc has invested 1.86% in Tupperware Brands Corporation (NYSE:TUP). Hanson & Doremus Management holds 0.1% or 4,092 shares in its portfolio. Cna last reported 15,400 shares in the company. Breton Hill Cap Limited, a Ontario – Canada-based fund reported 15,304 shares. The California-based Assetmark Incorporated has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Moreover, Thrivent Financial For Lutherans has 0% invested in Tupperware Brands Corporation (NYSE:TUP) for 15,160 shares. Raymond James Finance Services Advisors holds 0.01% or 22,453 shares in its portfolio. Arizona State Retirement System last reported 19,776 shares in the company. Fifth Third Fincl Bank has invested 0.03% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Moreover, First Wilshire Mngmt has 1.46% invested in Tupperware Brands Corporation (NYSE:TUP) for 80,561 shares. Savings Bank Of Hawaii has 15,300 shares for 0.09% of their US portfolio. Butensky And Cohen Security reported 22,785 shares or 1.25% of all its holdings. Champlain Invest Prns Limited Co last reported 349,555 shares in the company. Hsbc Holding Public Ltd Co has invested 0% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Gotham Asset Management Llc, a New York-based fund reported 155,240 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 11 sales for $10.85 million net activity. MARTINEZ ANGEL R had sold 10,000 shares worth $622,272 on Monday, July 25. Another trade for 2,000 shares valued at $131,684 was sold by ROEHLK THOMAS M. Shares for $57,496 were sold by GUPTA ASHA on Tuesday, July 26. GOINGS E V sold 150,000 shares worth $9.37M. DANDO ALLAN also sold $37,086 worth of Tupperware Brands Corporation (NYSE:TUP) on Tuesday, November 8.

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. Tupperware Brands Corporation has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Bank of America downgraded Tupperware Brands Corporation (NYSE:TUP) on Thursday, October 8 to “Underperform” rating. The firm earned “Neutral” rating on Friday, March 18 by Citigroup. The firm has “Neutral” rating given on Wednesday, September 2 by JP Morgan. The company was maintained on Thursday, April 21 by B. Riley & Co. The firm has “Neutral” rating given on Friday, October 21 by B. Riley & Co. The rating was downgraded by Piper Jaffray on Thursday, January 28 to “Neutral”. The rating was maintained by Citigroup with “” on Tuesday, July 19. B. Riley & Co maintained it with “Neutral” rating and $67 target price in Thursday, October 22 report. The stock of Tupperware Brands Corporation (NYSE:TUP) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, February 26.

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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By Clifton Ray


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