Notable Reporting: Tupperware Brands Corp Stock Decline in Q2 2016 Driven by Institutional Investors

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Notable Reporting: Tupperware Brands Corp Stock Decline in  Q2 2016 Driven by Institutional Investors

Sentiment for Tupperware Brands Corp (NYSE:TUP)

Tupperware Brands Corp (NYSE:TUP) institutional sentiment increased to 1.34 in Q2 2016. Its up 0.23, from 1.11 in 2016Q1. The ratio is more positive, as 156 funds increased or opened new holdings, while 140 trimmed and sold equity positions in Tupperware Brands Corp. The funds in our partner’s database now hold: 45.27 million shares, down from 45.85 million shares in 2016Q1. Also, the number of funds holding Tupperware Brands Corp in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 49 Reduced: 91 Increased: 118 New Position: 38.

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 $2.86 billion. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. It has a 14.12 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.

The stock decreased 4.77% or $2.83 during the last trading session, hitting $56.45. Tupperware Brands Corporation (NYSE:TUP) has declined 5.33% since April 26, 2016 and is downtrending. It has underperformed by 10.59% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on January, 25. They expect $1.40 EPS, up 3.70% or $0.05 from last year’s $1.35 per share. TUP’s profit will be $70.93M for 10.08 P/E if the $1.40 EPS becomes a reality. After $0.87 actual EPS reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts 60.92% EPS growth.

According to Zacks Investment Research, “Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands.”

Levy Harkins & Co Inc holds 3.63% of its portfolio in Tupperware Brands Corporation for 142,610 shares. Edmp Inc. owns 62,484 shares or 3.42% of their US portfolio. Moreover, Huber Capital Management Llc has 3.41% invested in the company for 1.47 million shares. The New Hampshire-based Loudon Investment Management Llc has invested 3.27% in the stock. Lipe & Dalton, a New York-based fund reported 67,815 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 selling transactions for $10.85 million net activity.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Ratings analysis reveals 0 of Tupperware Brands Corporation’s analysts are positive. Out of 5 Wall Street analysts rating Tupperware Brands Corporation, 0 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $47 while the high is $67. The stock’s average target of $54.67 is -3.15% below today’s ($56.45) share price. TUP was included in 12 notes of analysts from July 24, 2015. On Thursday, October 8 the stock rating was downgraded by Bank of America to “Underperform”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, February 26. The rating was maintained by Citigroup on Tuesday, July 19 with “”. The stock has “Neutral” rating given by JP Morgan on Wednesday, September 2. The stock of Tupperware Brands Corporation (NYSE:TUP) has “Sell” rating given on Monday, November 28 by B. Riley & Co. The rating was maintained by B. Riley & Co with “Neutral” on Thursday, April 21. The rating was maintained by B. Riley & Co on Thursday, October 22 with “Neutral”. The stock of Tupperware Brands Corporation (NYSE:TUP) earned “Neutral” rating by Citigroup on Friday, March 18. The company was downgraded on Thursday, January 28 by Piper Jaffray. The rating was maintained by B. Riley & Co on Friday, October 21 with “Neutral”.

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 Prnewswire.com published article titled: “Tupperware Brands Appoints Stitzel President and Chief Operating Officer and …”, Fool.com published: “Why Tupperware Brands Corporation Shares Tanked” on January 27, 2016. More interesting news about Tupperware Brands Corporation (NYSE:TUP) was released by: Prnewswire.com and their article: “Tupperware Brands Corporation Announces First Quarter 2016 Earnings Conference …” with publication date: March 23, 2016.

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By Ruchi Gupta

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