Tupperware Brands Corporation (NYSE: TUP) stock jumped 0.58% on Monday to $1.72 against a previous-day closing price of $1.71. With 1.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.43 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.8000 whereas the lowest price it dropped to was $1.7000. The 52-week range on TUP shows that it touched its highest point at $5.91 and its lowest point at $0.61 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 2.74.
Price Performance and Earnings:
Three-month performance dropped to -32.81% while six-month performance rose 102.59%. The stock lost -62.28% in the past year, while it has lost -58.45% so far this 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 0.49%.
Float and Shares Shorts:
At present, 44.52 million TUP shares are outstanding with a float of 38.17 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.23 million, which was 22.12% higher than short shares on Sep 28, 2023. In addition to Ms. Mariela Irene Matute as the firm’s Principal Accounting Officer & CFO, Mr. Hector Lezama serves as its Chief Commercial Officer.
Through their ownership of 60.82% of TUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 15.37% of TUP, in contrast to 11.53% held by mutual funds. Shares owned by individuals account for 10.85%. As the largest shareholder in TUP with 8.31% of the stake, Charles Schwab Investment Managem holds 3,845,837 shares worth 3,845,837. A second-largest stockholder of TUP, The Vanguard Group, Inc., holds 2,159,536 shares, controlling over 4.67% of the firm’s shares. Divisadero Street Capital Managem is the third largest shareholder in TUP, holding 1,089,023 shares or 2.35% stake. With a 6.38% stake in TUP, the Schwab Fundamental US Small Compa is the largest stakeholder. A total of 2,952,249 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.65% of TUP stock, is the second-largest Mutual Fund holder. It holds 1,228,065 shares valued at 2.51 million. Schwab Fundamental US Small Compa holds 1.38% of the stake in TUP, owning 637,698 shares worth 1.3 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TUP since 0 analysts follow the stock currently. 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 $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, TUP could surge 132.56% to reach the target high and rise by 132.56% to reach the target low. Reaching the average price target will result in a growth of 132.56% from current levels.
Summary of Insider Activity:
Insiders traded TUP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 901,567 while 79,069 shares were sold.