Does Tupperware Brands Corporation (TUP) offer a good opportunity for investors?

Tupperware Brands Corporation (NYSE: TUP) stock jumped 4.31% on Monday to $4.36 against a previous-day closing price of $4.18. With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.4 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.5200 whereas the lowest price it dropped to was $4.2700. The 52-week range on TUP shows that it touched its highest point at $21.10 and its lowest point at $3.74 during that stretch. It currently has a 1-year price target of $6.17. Beta for the stock currently stands at 2.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TUP was down-trending over the past week, with a drop of -4.39%, but this was up by 15.04% over a month. Three-month performance dropped to -37.89% while six-month performance fell -38.76%. The stock lost -69.32% in the past year, while it has gained 5.31% so far this year. A look at the trailing 12-month EPS for TUP yields 0.36 with Next year EPS estimates of 0.89. For the next quarter, that number is 0.23. This implies an EPS growth rate of 38.50% for this year and -1.00% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.80%.

Float and Shares Shorts:

At present, 44.50 million TUP shares are outstanding with a float of 37.92 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.6 million, which was 8.10% higher than short shares on Sep 14, 2022. In addition to Mr. Miguel Angel Fernandez as the firm’s Pres, CEO & Director, Mr. Richard P. Goudis serves as its Exec. Vice Chairman.

Institutional Ownership:

Through their ownership of 69.78% of TUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.55% of TUP, in contrast to 36.81% held by mutual funds. Shares owned by individuals account for 28.11%. As the largest shareholder in TUP with 13.71% of the stake, BlackRock Fund Advisors holds 6,096,305 shares worth 6,096,305. A second-largest stockholder of TUP, The Vanguard Group, Inc., holds 2,922,823 shares, controlling over 6.57% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TUP, holding 1,777,435 shares or 4.00% stake. With a 2.98% stake in TUP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,325,011 shares are owned by the mutual fund manager. The Allspring Special Small Cap Value, which owns about 2.95% of TUP stock, is the second-largest Mutual Fund holder. It holds 1,313,437 shares valued at 5.44 million. iShares Russell 2000 ETF holds 2.24% of the stake in TUP, owning 994,647 shares worth 4.12 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TUP since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TUP analysts setting a high price target of $9.00 and a low target of $4.50, the average target price over the next 12 months is $6.17. Based on these targets, TUP could surge 106.42% to reach the target high and rise by 3.21% to reach the target low. Reaching the average price target will result in a growth of 41.51% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TUP will report FY 2022 earnings on 02/21/2024. Analysts have provided yearly estimates in a range of $0.97 being high and $0.77 being low. For TUP, this leads to a yearly average estimate of $0.90. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tupperware Brands Corporation surprised analysts by -$0.28 when it reported $0.14 EPS against a consensus estimate of $0.42. The surprise factor in the prior quarter was $0.23. Based on analyst estimates, the high estimate for the next quarter is $0.29 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.22.

Summary of Insider Activity:

Insiders traded TUP stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 729,281 shares were bought while 0 shares were sold. The number of buy transactions has increased to 50 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,472,245 while 80,957 shares were sold.

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