Is Tupperware Brands Corporation (TUP) a Sell? The Stock Reaches 1 Year Low Today

March 21, 2018 - By Adrian Erickson

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.11, from 1.12 in 2017Q2. It increased, as 48 investors sold Tupperware Brands Corporation shares while 91 reduced holdings. 53 funds opened positions while 118 raised stakes. 40.08 million shares or 2.73% less from 41.21 million shares in 2017Q2 were reported.
Blackrock holds 8.10 million shares. Raymond James & invested in 138,003 shares or 0.02% of the stock. Legal And General Group Public Limited Company reported 0% in Tupperware Brands Corporation (NYSE:TUP). Strs Ohio holds 100,000 shares. Alabama-based Wealthtrust has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Dimensional Fund L P holds 929,056 shares or 0.03% of its portfolio. Savings Bank Of Montreal Can holds 13,978 shares. California Employees Retirement System holds 0.01% or 139,788 shares. Meeder Asset reported 951 shares. Royal Natl Bank Of Canada reported 53,643 shares. Miller Howard Investments New York holds 0.37% of its portfolio in Tupperware Brands Corporation (NYSE:TUP) for 291,901 shares. Cornercap Counsel holds 11,650 shares. Moreover, Great Lakes Advsr Limited has 0.2% invested in Tupperware Brands Corporation (NYSE:TUP) for 135,692 shares. Mutual Of America Cap Lc reported 42,380 shares stake. Schroder Investment Mngmt Group reported 0.11% in Tupperware Brands Corporation (NYSE:TUP).

Since October 2, 2017, it had 0 insider purchases, and 1 sale for $123,123 activity.

The stock of Tupperware Brands Corporation (NYSE:TUP) hit a new 52-week low and has $45.78 target or 3.00 % below today’s $47.20 share price. The 9 months bearish chart indicates high risk for the $2.41B company. The 1-year low was reported on Mar, 21 by If the $45.78 price target is reached, the company will be worth $72.39 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.32% or $0.15 during the last trading session, reaching $47.2. About 510,161 shares traded. Tupperware Brands Corporation (NYSE:TUP) has risen 29.01% since March 21, 2017 and is uptrending. It has outperformed by 12.31% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on April, 24. They expect $1.05 earnings per share, up 3.96 % or $0.04 from last year’s $1.01 per share. TUP’s profit will be $53.68 million for 11.24 P/E if the $1.05 EPS becomes a reality. After $1.59 actual earnings per share reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts -33.96 % negative EPS growth.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Among 9 analysts covering Tupperware Brands Corporation (NYSE:TUP), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Tupperware Brands Corporation had 23 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, October 8, the company rating was downgraded by Bank of America. Citigroup maintained it with “Neutral” rating and $57 target in Friday, March 18 report. Morgan Stanley maintained the shares of TUP in report on Thursday, February 1 with “Equal-Weight” rating. As per Monday, November 28, the company rating was downgraded by B. Riley & Co. The stock of Tupperware Brands Corporation (NYSE:TUP) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, November 21. The company was maintained on Monday, September 4 by KeyBanc Capital Markets. The rating was downgraded by KeyBanc Capital Markets on Friday, February 26 to “Sector Weight”. B. Riley & Co maintained Tupperware Brands Corporation (NYSE:TUP) on Friday, October 21 with “Neutral” rating. The stock has “Neutral” rating by B. Riley & Co on Thursday, April 21. JP Morgan maintained the stock with “Neutral” rating in Wednesday, September 2 report.

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories worldwide. The company has market cap of $2.41 billion. The firm 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 clients under the Tupperware brand name. It currently has negative earnings. It also makes and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry, and nutritional products under the Avroy Shlain, NaturCare, Nutrimetics, Fuller, BeautiControl, Armand Dupree, Fuller Cosmetics, Del Baul de la Abuela, Natural Forte, Fuller Royal Jelly, Nutri-Rich, NC Express, and Nuvo brands.

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