Short Interest in Tupperware Brands Co. (TUP) Increases By 64.4%

Tupperware Brands Co. (NYSE:TUP) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,476,381 shares, a growth of 64.4% from the October 31st total of 898,207 shares. Based on an average daily volume of 357,164 shares, the short-interest ratio is presently 4.1 days. Currently, 2.9% of the company’s stock are sold short.

Shares of Tupperware Brands (NYSE TUP) opened at $62.12 on Tuesday. Tupperware Brands has a 52-week low of $52.32 and a 52-week high of $74.36. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. The company has a market cap of $3,149.94, a P/E ratio of 13.17, a P/E/G ratio of 1.09 and a beta of 1.75.

Tupperware Brands (NYSE:TUP) last posted its earnings results on Wednesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. Tupperware Brands had a net margin of 6.18% and a return on equity of 101.23%. The company had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Tupperware Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts forecast that Tupperware Brands will post 4.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.72 dividend on an annualized basis and a yield of 4.38%. Tupperware Brands’s payout ratio is 98.91%.

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Tupperware Brands in a research report on Saturday, November 25th. Zacks Investment Research cut shares of Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Citigroup increased their target price on shares of Tupperware Brands from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Finally, SunTrust Banks reissued a “hold” rating and set a $65.00 target price on shares of Tupperware Brands in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $68.33.

In other news, EVP Thomas M. Roehlk sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total value of $118,780.00. Following the completion of the sale, the executive vice president now owns 10,765 shares of the company’s stock, valued at approximately $639,333.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the completion of the sale, the chairman now directly owns 54,059 shares of the company’s stock, valued at approximately $3,203,536.34. The disclosure for this sale can be found here. Insiders sold a total of 48,600 shares of company stock valued at $2,884,896 in the last ninety days. Corporate insiders own 3.14% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new position in Tupperware Brands during the 3rd quarter valued at approximately $102,000. Cetera Advisor Networks LLC acquired a new position in Tupperware Brands during the 3rd quarter valued at approximately $201,000. Dana Investment Advisors Inc. increased its stake in Tupperware Brands by 23.1% during the 3rd quarter. Dana Investment Advisors Inc. now owns 43,008 shares of the company’s stock valued at $2,659,000 after purchasing an additional 8,076 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in Tupperware Brands during the 3rd quarter valued at approximately $666,000. Finally, California Public Employees Retirement System increased its stake in Tupperware Brands by 7.0% during the 3rd quarter. California Public Employees Retirement System now owns 139,788 shares of the company’s stock valued at $8,642,000 after purchasing an additional 9,199 shares in the last quarter. Institutional investors and hedge funds own 83.92% of the company’s stock.

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Tupperware Brands Company Profile

Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.

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