Stock On Watch: Could Tupperware Brands Corporation Recover After Today’s Gap Down?

Stock On Watch: Could Tupperware Brands Corporation Recover After Today's Gap Down?

The stock of Tupperware Brands Corporation (NYSE:TUP) gapped down by $1.63 today and has $51.46 target or 9.00% below today’s $56.55 share price. The 6 months technical chart setup indicates high risk for the $2.86 billion company. The gap down was reported on Nov, 28 by Barchart.com. If the $51.46 price target is reached, the company will be worth $257.40 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 870,887 shares traded hands or 60.45% up from the average. Tupperware Brands Corporation (NYSE:TUP) has risen 0.51% since April 25, 2016 and is uptrending. It has underperformed by 5.51% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on January, 25. They expect $1.40 EPS, up 3.70% or $0.05 from last year’s $1.35 per share. TUP’s profit will be $70.80 million for 10.10 P/E if the $1.40 EPS becomes a reality. After $0.87 actual EPS reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts 60.92% EPS growth.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Out of 5 analysts covering Tupperware Brands Corporation (NYSE:TUP), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. Tupperware Brands Corporation has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Neutral” rating and $57 target price in Friday, March 18 report. B. Riley & Co maintained Tupperware Brands Corporation (NYSE:TUP) on Thursday, April 21 with “Neutral” rating. The firm has “Neutral” rating given on Friday, October 21 by B. Riley & Co. The firm has “Sell” rating by B. Riley & Co given on Monday, November 28. The rating was downgraded by Piper Jaffray to “Neutral” on Thursday, January 28. The rating was downgraded by Bank of America on Thursday, October 8 to “Underperform”. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, February 26. The firm has “” rating by Citigroup given on Tuesday, July 19. The company was maintained on Thursday, October 22 by B. Riley & Co. On Wednesday, September 2 the stock rating was maintained by JP Morgan with “Neutral”.

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 increased to 1.34 in Q2 2016. Its up 0.23, from 1.11 in 2016Q1. The ratio increased, 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.
Mackenzie Fin Corporation last reported 0% of its portfolio in the stock. State Of New Jersey Common Pension Fund D owns 104,000 shares or 0.03% of their US portfolio. Gsa Capital Llp holds 0.2% of its portfolio in Tupperware Brands Corporation (NYSE:TUP) for 63,200 shares. Next Finance Group Inc owns 483 shares or 0.01% of their US portfolio. Mutual Of America Capital Mngmt Lc owns 38,542 shares or 0.05% of their US portfolio. Fuller & Thaler Asset Management holds 922,106 shares or 0.89% of its portfolio. Sensato Ltd Liability last reported 209,900 shares in the company. Moreover, Morgan Dempsey Mgmt Ltd Liability Company has 0% invested in Tupperware Brands Corporation (NYSE:TUP) for 19 shares. The Georgia-based Ridgeworth Cap Management Limited Liability Corp has invested 0.09% in Tupperware Brands Corporation (NYSE:TUP). The United Kingdom-based Ahl Ltd Liability Partnership has invested 0.02% in Tupperware Brands Corporation (NYSE:TUP). Capital One National Association owns 4,460 shares or 0.02% of their US portfolio. Metropolitan Life Insurance Co last reported 0.02% of its portfolio in the stock. Cibc Ww has 5,697 shares for 0% of their US portfolio. The Pennsylvania-based Sei Investments has invested 0.03% in Tupperware Brands Corporation (NYSE:TUP). Dean Inv Assocs Limited Liability Corporation accumulated 74,908 shares or 0.82% of the stock.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 11 insider sales for $10.85 million net activity. ROEHLK THOMAS M also sold $112,883 worth of Tupperware Brands Corporation (NYSE:TUP) shares. 620 shares were sold by DANDO ALLAN, worth $37,086. On Monday, July 25 the insider MARTINEZ ANGEL R sold $622,272. 400 shares with value of $25,060 were sold by GUPTA ASHA on Thursday, August 4. GOINGS E V had sold 150,000 shares worth $9.37M.

More recent Tupperware Brands Corporation (NYSE:TUP) news were published by: Prnewswire.com which released: “Tupperware Brands Corporation Announces Third Quarter 2016 Earnings Conference …” on September 22, 2016. Also Prnewswire.com published the news titled: “Tupperware Brands Appoints Stitzel President and Chief Operating Officer and …” on September 27, 2016. Fool.com‘s news article titled: “Why Tupperware Brands Corporation Shares Tanked” with publication date: January 27, 2016 was also an interesting one.

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.

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