Tupperware Brands Co. (NYSE:TUP) Sees Significant Growth in Short Interest

Tupperware Brands Co. (NYSE:TUP) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 4,238,500 shares, an increase of 12.8% from the July 31st total of 3,757,000 shares. Currently, 8.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 754,600 shares, the days-to-cover ratio is currently 5.6 days.

TUP has been the topic of a number of recent research reports. Citigroup reduced their target price on Tupperware Brands from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. Bank of America reaffirmed an “underperform” rating and issued a $20.00 target price (down previously from $24.00) on shares of Tupperware Brands in a research note on Wednesday, June 19th. Finally, Zacks Investment Research lowered Tupperware Brands from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

In related news, Director E V. Goings bought 33,500 shares of Tupperware Brands stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $15.00 per share, with a total value of $502,500.00. Following the purchase, the director now owns 103,853 shares in the company, valued at $1,557,795. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kriss Cloninger III bought 4,000 shares of Tupperware Brands stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $60,000.00. Following the purchase, the director now owns 53,809 shares in the company, valued at approximately $807,135. The disclosure for this purchase can be found here. 4.58% of the stock is currently owned by corporate insiders.



Several institutional investors have recently modified their holdings of TUP. Signaturefd LLC lifted its stake in shares of Tupperware Brands by 1,143.1% during the 2nd quarter. Signaturefd LLC now owns 1,442 shares of the company’s stock worth $27,000 after purchasing an additional 1,326 shares during the period. Trustcore Financial Services LLC purchased a new position in shares of Tupperware Brands during the 1st quarter worth $33,000. Point72 Hong Kong Ltd lifted its stake in shares of Tupperware Brands by 366.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,790 shares of the company’s stock worth $91,000 after purchasing an additional 3,762 shares during the period. Advisory Services Network LLC lifted its stake in shares of Tupperware Brands by 154.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,964 shares of the company’s stock worth $133,000 after purchasing an additional 4,226 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Tupperware Brands by 9.4% during the 2nd quarter. US Bancorp DE now owns 8,489 shares of the company’s stock worth $162,000 after purchasing an additional 731 shares during the period. 82.88% of the stock is currently owned by institutional investors.

TUP stock traded up $0.70 on Friday, reaching $15.95. The company had a trading volume of 68,358 shares, compared to its average volume of 585,041. Tupperware Brands has a 1 year low of $12.00 and a 1 year high of $38.90. The company’s fifty day moving average is $14.06 and its 200 day moving average is $20.76. The company has a market cap of $768.44 million, a P/E ratio of 3.70, a PEG ratio of 0.37 and a beta of 0.95.

Tupperware Brands (NYSE:TUP) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04). Tupperware Brands had a negative return on equity of 98.57% and a net margin of 6.79%. The business had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $503.40 million. During the same period in the prior year, the company earned $1.09 EPS. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Tupperware Brands will post 3.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Wednesday, September 18th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Tuesday, September 17th. Tupperware Brands’s dividend payout ratio is presently 25.12%.

Tupperware Brands Company Profile

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

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