D. E. Shaw & Co. LP has recently announced that it has increased stake in Tupperware Brands Corporation (NYSE:TUP) by 48.43%. After grabbing 2.06 million shares, the institutional investor is now in possession of 0.67 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.64% having worth around $2.58 million. Moreover, Charles Schwab Investment Managem increased its share by 0.34 million to have a control over 1.79 million shares. And Acadian Asset Management LLC raised its holdings to 1.02 million shares by acquiring 1.52 million shares or 3.41% of the stake.
Tupperware Brands Corporation (TUP) concluded trading on 05/24/23 at a closing price of $0.82, with 2.04 million shares of worth about $1.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -80.93% during that period and on Wednesday the price saw a loss of about -13.79%. Currently the company’s common shares owned by public are about 44.50M shares, out of which, 37.92M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the TUP stock and their offered price forecasts bring an average price target of $4.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.00 and could fall to a lowest price of $4.00. The stock’s current price level is 79.5% above of average price target set by the analysts, while a rise to estimated low would result in gain of 79.5% for the stock. However, touching the estimated high of $4.00 would mean a gain of 79.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 49 times over the past 12 months. They bought 1,940,766 shares in 36 of the transactions. In 13 selling transactions, insiders dumped 73,465 shares.
Vanguard Total Stock Market ETF, Schwab Fundamental US Small Compa, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Tupperware Brands Corporation Vanguard Total Stock Market ETF is currently holding 1.34 million shares of worth totaling $1.67 million. The company recently came buying 0.0 shares which brought its stake up to 3.01% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 0.93 million shares, have now control over 2.09% of the stake in the company. It holds 13600.0 shares of worth $1.16 million.
Tupperware Brands Corporation (NYSE: TUP) started trading at $0.97, above $0.02 from concluding price of the previous day. Stock saw a price change of 7.06% in past 5 days and over the past one month there was a price change of -27.42%. Year-to-date (YTD), TUP shares are showing a performance of -80.19% which decreased to -86.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.66 but also hit the highest price of $12.86 during that period. The average intraday trading volume for Tupperware Brands Corporation shares is 2.57 million. The stock is currently trading -12.69% below its 20-day simple moving average (SMA20), while that difference is down -47.38% for SMA50 and it goes to -83.61% lower than SMA200.
D. E. Shaw & Co. LP acquired 2.06 million shares of Tupperware Brands Corporation having value of about $2.58 million. Data submitted at the U.S SEC by D. E. Shaw & Co. LP revealed that the firm now holds 0.67 million shares in the company valued at close to $551561.52, or have control over 48.43% stake in the company. Tupperware Brands Corporation (NYSE: TUP) currently have 44.50M outstanding shares and institutions hold larger chunk of about 67.30% of that. Holding of mutual funds in the company is about 27.08% while other institutional holders and individual stake holders have control over 36.21% and 11.36% of the stake respectively.
The stock has a current market capitalization of $37.60M and its 3Y-monthly beta is at 2.23. It has posted earnings per share of -$0.65 in the same period. It has Quick Ratio of 0.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TUP, volatility over the week remained 14.36% while standing at 13.68% over the month.
Analysts are in expectations that Tupperware Brands Corporation (TUP) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is $0.11 and it is $0.83 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.50% while it is estimated to increase by 93.50% in next year. EPS is likely to grow at an annualized rate of 12.00% for next 5-years, compared to annual growth of -7.80% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Tupperware Brands Corporation (TUP)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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