Why Should You Put Tupperware Brands Corporation (NYSE: TUP) On Your Portfolio?


BlackRock Fund Advisors recently announced the acquisition of new stake in Tupperware Brands Corporation (NYSE:TUP). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.04% to 7.18 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 14.61% valued currently at $110.74 million. In addition, Amalgamated Gadget LP raised its holdings by 2.0 million to 2.0 million shares. And D. E. Shaw & Co. LP has lifted its position by 159.14% or 1.16 million shares – to 1.88 million shares.

With over 1.06 million Tupperware Brands Corporation (TUP) shares trading Friday and a closing price of $14.91 on the day, the dollar volume was approximately $15.86 million. The shares have shown a positive weekly performance of 7.04% and its price on 08/28/20 gained nearly 2.97%. Currently, there are 49.00M common shares owned by the public and among those 47.59M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for TUP have a consensus price objective of $17.50. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $15.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Tupperware Brands Corporation stock is 2.30 for the next 12 months. The average price target is 14.8% above its last price level and an upside to the estimated low will see the stock gain 0.6% over that period. But an upside of 25.45% will see the stock hit the forecast high price target while mean target price for the stock is $17.50.

Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 1,282,029 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 14,253 shares.

The top 3 mutual fund holders in Tupperware Brands Corporation are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. iShares Core S&P Small Cap ETF owns 3.05 million shares of the company’s stock, all valued at over $47.09 million. The company bought an additional 10920.0 shares recently to bring their total holdings to about 6.21% of the shares outstanding. Vanguard Total Stock Market Index sold 51200.0 shares to see its total holdings shrink to 1.32 million shares valued at over $20.38 million and representing 2.69% of the shares outstanding. iShares Russell 2000 ETF sold 47124.0 shares to bring its total holdings to over 1.01 million shares at a value of $15.59 million. iShares Russell 2000 ETF now owns shares totaling to 2.06% of the shares outstanding.

Shares of Tupperware Brands Corporation (NYSE: TUP) opened at $14.51, up $0.03 from a prior closing price of $14.48. However, the script later closed the day at $14.91, up 2.97%. The company’s stock has a 5-day price change of 7.04% and 357.36% over the past three months. TUP shares are trading 73.78% year to date (YTD), with the 12-month market performance up to 17.40% higher. It has a 12-month low price of $1.15 and touched a high of $16.94 over the same period. Currently, 1.06 million shares have been traded, compared to an average intraday trading volume of 3.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.91%, 49.70%, and 136.32% respectively.

Institutional ownership of Tupperware Brands Corporation (NYSE: TUP) shares accounts for 77.50% of the company’s 49.00M shares outstanding. Mutual fund holders own 4.76%, while other institutional holders and individual stakeholders account for 45.16% and 35.28% respectively.

It has a market capitalization of $711.21M and a beta (3y monthly) value of 3.61. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.78% over the week and 7.24% over the month.

Analysts forecast that Tupperware Brands Corporation (TUP) will achieve an EPS of $0.51 for the current quarter, $0.66 for the next quarter and $2.56 for 2021. The lowest estimate earnings-per-share for the quarter is $0.4 while analysts give the company a high EPS estimate of $0.62. Comparatively, EPS for the current quarter was $0.43 a year ago. Earnings per share for the fiscal year are expected to decrease by -93.80%, and 17.55% over the next financial year. EPS should grow at an annualized rate of 12.00% over the next five years, compared to -43.00% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Tupperware Brands Corporation (TUP) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 2 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the TUP, a number of firms have released research notes about the stock. Argus stated their Hold rating for the stock in a research note on August 17, 2020, with the firm’s price target at. Sidoti coverage for the Tupperware Brands Corporation (TUP) stock in a research note released on June 02, 2020 offered a Buy rating with a price target of $11. Citigroup was of a view on December 05, 2019 that the stock is Neutral, while BofA/Merrill gave the stock Underperform rating on June 19, 2019, issuing a price target of $24- $20. Argus on their part issued Sell rating on July 31, 2018.


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