Tupperware Brands Corporation (TUP) Could Burn Your Portfolio. The Stock Formed Double Bottom Pattern

May 17, 2018 - By Christine Reyes

Tupperware Brands Corporation (NYSE:TUP) Logo

Investors sentiment decreased to 1.14 in 2017 Q4. Its down 0.09, from 1.23 in 2017Q3. It dived, as 25 investors sold Tupperware Brands Corporation shares while 113 reduced holdings. 48 funds opened positions while 109 raised stakes. 40.69 million shares or 1.53% more from 40.08 million shares in 2017Q3 were reported.
Prudential Plc holds 0.12% or 644,500 shares in its portfolio. Millennium Management Ltd Llc has invested 0.01% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Stephens Inc Ar holds 16,241 shares or 0.04% of its portfolio. Moreover, Ameritas Inv Prns Incorporated has 0.04% invested in Tupperware Brands Corporation (NYSE:TUP). Security Fincl Bank Of So Dak reported 9,989 shares or 0.68% of all its holdings. California Pub Employees Retirement has 146,674 shares. Fuller & Thaler Asset Management owns 0.61% invested in Tupperware Brands Corporation (NYSE:TUP) for 811,743 shares. Wright Ser Inc, a Connecticut-based fund reported 14,208 shares. Fifth Third Retail Bank reported 0% stake. Swiss National Bank accumulated 86,700 shares. Welch Ltd Liability Company reported 0.02% in Tupperware Brands Corporation (NYSE:TUP). Moody Comml Bank Division accumulated 7,700 shares or 0.02% of the stock. The Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.01% in Tupperware Brands Corporation (NYSE:TUP). Cadence Mngmt Ltd Liability Corp holds 0.1% or 25,562 shares. 1.01M are held by Principal Gru.

Since April 12, 2018, it had 5 insider buys, and 1 insider sale for $133,067 activity. HEMUS SIMON C also sold $604,685 worth of Tupperware Brands Corporation (NYSE:TUP) shares. 2,000 shares were bought by SZOSTAK M ANNE, worth $86,895 on Wednesday, May 9. Monteiro de Castro Antonio bought $216,023 worth of stock. $209,550 worth of stock was bought by CLONINGER KRISS III on Friday, April 13. GARCIA LILLIAN D also bought $100,184 worth of Tupperware Brands Corporation (NYSE:TUP) shares.

The chart of Tupperware Brands Corporation (TUP) shows a double bottom with $41.42 target or 9.00 % below today’s $45.52 share price. The 5 months chart pattern indicates high risk for the $2.33 billion company. It was reported on May, 17 by Finviz.com. If the $41.42 price target is reached, the company will be worth $209.43 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.31% or $0.59 during the last trading session, reaching $45.52. About 230,142 shares traded. Tupperware Brands Corporation (NYSE:TUP) has declined 23.86% since May 17, 2017 and is downtrending. It has underperformed by 35.41% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on July, 25. They expect $1.18 EPS, down 2.48 % or $0.03 from last year’s $1.21 per share. TUP’s profit will be $60.32M for 9.64 P/E if the $1.18 EPS becomes a reality. After $0.91 actual EPS reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts 29.67 % EPS growth.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Among 5 analysts covering Tupperware (NYSE:TUP), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Tupperware had 11 analyst reports since November 21, 2017 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, February 1. The stock has “Neutral” rating by Citigroup on Tuesday, March 13. The firm earned “Equal-Weight” rating on Wednesday, April 11 by Morgan Stanley. The firm has “Underperform” rating by Bank of America given on Thursday, February 22. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, April 26. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. The stock of Tupperware Brands Corporation (NYSE:TUP) has “Underperform” rating given on Tuesday, April 10 by Bank of America. The company was maintained on Tuesday, November 21 by KeyBanc Capital Markets. SunTrust maintained Tupperware Brands Corporation (NYSE:TUP) on Thursday, January 25 with “Hold” rating. Morgan Stanley maintained Tupperware Brands Corporation (NYSE:TUP) on Thursday, April 5 with “Equal-Weight” rating.

More notable recent Tupperware Brands Corporation (NYSE:TUP) news were published by: Seekingalpha.com which released: “Tupperware: I’m Not Buying This Rally” on April 26, 2018, also Seekingalpha.com with their article: “Tupperware: Not A Good Fit As A Turnaround Stock” published on April 23, 2018, Seekingalpha.com published: “Tupperware: More Upside Ahead” on May 17, 2018. More interesting news about Tupperware Brands Corporation (NYSE:TUP) were released by: Seekingalpha.com and their article: “Tupperware revised FY2018 guidance” published on April 25, 2018 as well as Bizjournals.com‘s news article titled: “Tupperware shares vision for 150 acres, including future projects, opportunities” with publication date: April 30, 2018.

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 $2.33 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.

Tupperware Brands Corporation (NYSE:TUP) Institutional Positions Chart

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