Charles Schwab Investment Managem 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 15.46% to 3.85 million shares with purchase of 0.52 million shares. This fresh investment now brings its stake to 8.31% valued currently at $6.61 million. In addition, Divisadero Street Capital Managem raised its holdings by 1.09 million to 1.09 million shares.
With over 11.65 million Tupperware Brands Corporation (TUP) shares trading Tuesday and a closing price of $2.55 on the day, the dollar volume was approximately $29.71 million. The shares have shown a positive half year performance of 239.50% and its price on 12/26/23 gained nearly 25.00%. Currently, there are 44.52M common shares owned by the public and among those 39.86M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for TUP have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00. The average price target is 36.25% above its recent price level and an upside to the estimated low will see the stock gain 36.25% over that period. But an upside of 36.25% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 901,567 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 106,327 shares.
The top 3 mutual fund holders in Tupperware Brands Corporation are Schwab Fundamental US Small Compa, Vanguard Total Stock Market ETF, and Schwab Fundamental US Small Compa. Schwab Fundamental US Small Compa owns 3.01 million shares of the company’s stock, all valued at over $5.17 million. The company sold 13554.0 shares recently to bring their total holdings to about 6.50% of the shares outstanding. Schwab Fundamental US Small Compa bought 6427.0 shares to bring its total holdings to over 0.72 million shares at a value of $1.24 million. Schwab Fundamental US Small Compa now owns shares totaling to 1.56% of the shares outstanding.
The company’s stock has a 5-day price change of 35.64% and 61.39% over the past three months. TUP shares are trading -38.41% year to date (YTD), with the 12-month market performance down to -37.04% lower. It has a 12-month low price of $0.61 and touched a high of $5.91 over the same period. TUP has an average intraday trading volume of 3.99 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 34.85%, 40.13%, and 44.79% respectively.
Institutional ownership of Tupperware Brands Corporation (NYSE: TUP) shares accounts for 26.92% of the company’s 44.52M shares outstanding. Mutual fund holders own 11.53%, while other institutional holders and individual stakeholders account for 15.39% and 10.85% respectively.
It has a market capitalization of $117.99M and a beta (3y monthly) value of 2.73. The earnings-per-share (ttm) stands at -$0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.68% over the week and 9.72% over the month.
Analysts forecast that Tupperware Brands Corporation (TUP) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.12 a year ago. EPS should grow at an annualized rate of 12.00% over the next five years, compared to 0.49% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Tupperware Brands Corporation (TUP) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 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. DA Davidson stated their Neutral rating for the stock in a research note on May 05, 2022, with the firm’s price target at $13.
