A Reversal for Tupperware Brands Corporation Is Not Near. Professional Options Traders Are Bearish

 A Reversal for Tupperware Brands Corporation Is Not Near. Professional Options Traders Are Bearish

In today’s session Tupperware Brands Corporation (TUP) recorded an unusually high (1,743) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious TUP decrease. With 1,743 contracts traded and 38554 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: TUP161021P00065000 closed last at: $2.55 or 24.4% up. About 15,137 shares traded hands. Tupperware Brands Corporation (NYSE:TUP) has risen 19.15% since March 10, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on October, 19. They expect $0.80 earnings per share, up 1.27% or $0.01 from last year’s $0.79 per share. TUP’s profit will be $40.57M for 19.84 P/E if the $0.80 EPS becomes a reality. After $1.16 actual earnings per share reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts -31.03% negative EPS growth.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Out of 5 analysts covering Tupperware Brands Corporation (NYSE:TUP), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $67 is the highest target while $47 is the lowest. The $54.67 average target is -13.89% below today’s ($63.49) stock price. Tupperware Brands Corporation has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Tupperware Brands Corporation (NYSE:TUP) has “Neutral” rating given on Thursday, October 22 by B. Riley & Co. The rating was maintained by Citigroup with “” on Tuesday, July 19. The rating was downgraded by Bank of America on Thursday, October 8 to “Underperform”. The firm earned “Neutral” rating on Thursday, January 28 by Piper Jaffray. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, February 26. The rating was maintained by JP Morgan on Wednesday, September 2 with “Neutral”. The firm earned “Neutral” rating on Thursday, April 21 by B. Riley & Co. The rating was maintained by Citigroup with “Neutral” on Friday, March 18.

According to Zacks Investment Research, “Tupperware Brands Corporation is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.18, from 1.29 in 2016Q1. The ratio turned negative, as 49 funds sold all Tupperware Brands Corporation shares owned while 91 reduced positions. 38 funds bought stakes while 118 increased positions. They now own 45.27 million shares or 1.27% less from 45.85 million shares in 2016Q1.
Parsons Cap Mngmt Inc Ri holds 0.19% of its portfolio in Tupperware Brands Corporation (NYSE:TUP) for 23,515 shares. Proshare Advsrs Limited Liability Corp last reported 4,583 shares in the company. Company Of Vermont accumulated 0% or 50 shares. Voya has 21,766 shares for 0% of their US portfolio. Loudon Mngmt Lc has invested 3.27% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.01% in Tupperware Brands Corporation (NYSE:TUP). Ladenburg Thalmann Financial Svcs Incorporated has invested 0.02% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Nicholas Communication Wi accumulated 304,650 shares or 0.35% of the stock. State Board Of Administration Of Florida Retirement holds 0.01% or 68,972 shares in its portfolio. American Century reported 1.03M shares or 0.07% of all its holdings. Northern Corp has 532,800 shares for 0.01% of their US portfolio. The Pennsylvania-based Susquehanna Group Inc Inc Llp has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Burney last reported 0.08% of its portfolio in the stock. Moreover, Gateway Inv Advisers Limited Com has 0.03% invested in Tupperware Brands Corporation (NYSE:TUP) for 66,560 shares. Fuller And Thaler Asset Management Inc accumulated 0.89% or 922,106 shares.

Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 12 selling transactions for $11.96 million net activity. GUPTA ASHA sold $25,060 worth of Tupperware Brands Corporation (NYSE:TUP) on Thursday, August 4. On Friday, July 22 GOINGS E V sold $9.37 million worth of the stock or 150,000 shares. ROEHLK THOMAS M sold $125,009 worth of stock. HEMUS SIMON C sold $290,391 worth of Tupperware Brands Corporation (NYSE:TUP) on Friday, April 29. 500 shares were sold by JAGGY GEORGES, worth $27,987. The insider MARTINEZ ANGEL R sold 10,000 shares worth $622,272.

Tupperware Brands Corporation is engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The company has a market cap of $3.22 billion. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. It has a 16.9 P/E ratio. The Europe, Asia Pacific and Tupperware North America divisions include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand.

TUP Company Profile

Tupperware Brands Corporation (Tupperware Brands), incorporated on February 8, 1996, is a global direct-to-consumer firm engaged in the manufacture and sale of Tupperware products, and cosmetics and personal care products. The Firm operates through five divisions in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. The Company’s divisions are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America. The Company’s Europe, Asia Pacific and Tupperware North America divisions include primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand. The Europe segment includes Avroy Shlain, which sells beauty and personal care products. The Asia Pacific segment sells beauty and personal care products under the NaturCare, Nutrimetics and Fuller brands. The Company’s Beauty North America segment offers cosmetics, skin care and personal care products marketed under the BeautiControl brand in the United States, Canada and Puerto Rico, and the Armand Dupree and Fuller Cosmetics brands in Mexico and Central America. The Company’s South America segment offers both housewares and beauty products under the Armand Dupree, Fuller, Nuvo and Tupperware brands.

More notable recent Tupperware Brands Corporation (NYSE:TUP) news were published by: Prnewswire.com which released: “Tupperware Brands Appoints Stitzel President and Chief Operating Officer and …” on September 27, 2016, also Prnewswire.com with their article: “Tupperware Brands Corporation Announces Second Quarter 2016 Earnings …” published on June 16, 2016, Prnewswire.com published: “Tupperware Brands Corporation Announces First Quarter 2016 Earnings Conference …” on March 23, 2016. More interesting news about Tupperware Brands Corporation (NYSE:TUP) were released by: Fool.com and their article: “Why Tupperware Brands Corporation Shares Tanked” published on January 27, 2016 as well as Nasdaq.com‘s news article titled: “Tupperware Brands Corporation (TUP) Ex-Dividend Date Scheduled for September …” with publication date: September 15, 2016.

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