New York State Teachers Retirement System boosted its position in shares of Tupperware Brands Co. (NYSE:TUP) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,358 shares of the company’s stock after buying an additional 2,519 shares during the quarter. New York State Teachers Retirement System’s holdings in Tupperware Brands were worth $477,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of Tupperware Brands by 165.8% in the 1st quarter. Federated Hermes Inc. now owns 564,126 shares of the company’s stock valued at $914,000 after purchasing an additional 351,891 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Tupperware Brands by 21.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 410,461 shares of the company’s stock valued at $665,000 after purchasing an additional 72,453 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Tupperware Brands by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 600,441 shares of the company’s stock valued at $5,152,000 after purchasing an additional 102,361 shares during the period. Invesco Ltd. boosted its position in shares of Tupperware Brands by 37.2% in the 1st quarter. Invesco Ltd. now owns 382,510 shares of the company’s stock valued at $619,000 after purchasing an additional 103,656 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Tupperware Brands in the 1st quarter valued at $26,000. Institutional investors and hedge funds own 71.24% of the company’s stock.
Shares of NYSE TUP opened at $15.43 on Friday. Tupperware Brands Co. has a one year low of $1.15 and a one year high of $16.94. The firm has a market capitalization of $756.22 million, a PE ratio of -90.76 and a beta of 2.73. The business has a 50-day moving average price of $6.58 and a two-hundred day moving average price of $4.61.
Tupperware Brands (NYSE:TUP) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.70. Tupperware Brands had a negative return on equity of 9.52% and a negative net margin of 0.49%. The firm had revenue of $397.40 million during the quarter, compared to analyst estimates of $312.55 million. During the same period last year, the company posted $0.83 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Tupperware Brands from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Friday, May 29th. ValuEngine lowered Tupperware Brands from a “sell” rating to a “strong sell” rating in a research report on Thursday. Citigroup raised their price objective on Tupperware Brands from $2.90 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Sidoti began coverage on Tupperware Brands in a research report on Tuesday, June 2nd. They set a “buy” rating and a $11.00 price objective for the company.
About Tupperware Brands
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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