NYSE:TPB

Turning Point Brands (TPB) Stock Price, News & Analysis

$33.50
+0.37 (+1.12%)
(As of 01:09 PM ET)
Today's Range
$32.95
$33.66
50-Day Range
$25.28
$33.44
52-Week Range
$19.67
$34.00
Volume
37,970 shs
Average Volume
120,345 shs
Market Capitalization
$590.34 million
P/E Ratio
14.76
Dividend Yield
0.84%
Price Target
$45.00

Turning Point Brands MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.3% Upside
$45.00 Price Target
Short Interest
Healthy
1.31% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.53
Upright™ Environmental Score
News Sentiment
0.64mentions of Turning Point Brands in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$420,753 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

Consumer Staples Sector

29th out of 136 stocks

Tobacco Products Industry

1st out of 1 stocks

TPB stock logo

About Turning Point Brands Stock (NYSE:TPB)

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. Its Creative Distribution Solutions segment market and distribute other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. In addition, it markets and distributes cannabis accessories and tobacco products. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, drug store, and non-traditional retail channels. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.

TPB Stock Price History

TPB Stock News Headlines

348 million Americans lives to END as we know it?
348 million American lives are about to change FOREVER.... Because thanks to one shocking A.I. development I'm revealing for the first time today...
Turning Point Brands (NYSE:TPB) PT Raised to $45.00
348 million Americans lives to END as we know it?
348 million American lives are about to change FOREVER.... Because thanks to one shocking A.I. development I'm revealing for the first time today...
Turning Point Brands: Q1 Earnings Snapshot
Turning Point Brands declares $0.07 dividend
Turning Point Brands Inc
3 Cannabis Stocks on the Brink of a Massive Breakout
Turning Point Brands: Dividend Insights
TPB Apr 2024 22.500 call
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 4/12 Dividend
3/21/2024
Dividend Payable
4/12/2024
Today
5/09/2024
Ex-Dividend for 7/5 Dividend
6/14/2024
Dividend Payable
7/05/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Tobacco products
Sub-Industry
N/A
Fax
N/A
Employees
373
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$45.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+35.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
16.88%

Debt

Sales & Book Value

Annual Sales
$405.39 million
Cash Flow
$3.50 per share
Book Value
$8.63 per share

Miscellaneous

Free Float
16,600,000
Market Cap
$584.81 million
Optionable
Optionable
Beta
0.50
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TPB Stock Analysis - Frequently Asked Questions

Should I buy or sell Turning Point Brands stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TPB shares.
View TPB analyst ratings
or view top-rated stocks.

What is Turning Point Brands' stock price target for 2024?

1 equities research analysts have issued 12 month price targets for Turning Point Brands' shares. Their TPB share price targets range from $45.00 to $45.00. On average, they anticipate the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 34.3% from the stock's current price.
View analysts price targets for TPB
or view top-rated stocks among Wall Street analysts.

How have TPB shares performed in 2024?

Turning Point Brands' stock was trading at $26.32 at the beginning of the year. Since then, TPB shares have increased by 27.3% and is now trading at $33.51.
View the best growth stocks for 2024 here
.

Are investors shorting Turning Point Brands?

Turning Point Brands saw a drop in short interest in March. As of March 31st, there was short interest totaling 215,900 shares, a drop of 57.4% from the March 15th total of 506,900 shares. Based on an average daily trading volume, of 126,200 shares, the short-interest ratio is presently 1.7 days. Currently, 1.3% of the shares of the company are sold short.
View Turning Point Brands' Short Interest
.

When is Turning Point Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our TPB earnings forecast
.

How were Turning Point Brands' earnings last quarter?

Turning Point Brands, Inc. (NYSE:TPB) posted its earnings results on Wednesday, February, 28th. The company reported $0.72 earnings per share (EPS) for the quarter. The business earned $97.10 million during the quarter, compared to analysts' expectations of $90.11 million. Turning Point Brands had a trailing twelve-month return on equity of 37.62% and a net margin of 10.68%. The company's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share.

How often does Turning Point Brands pay dividends? What is the dividend yield for Turning Point Brands?

Turning Point Brands declared a quarterly dividend on Wednesday, May 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.07 per share on Friday, July 5th. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for TPB
.

Is Turning Point Brands a good dividend stock?

Turning Point Brands (NYSE:TPB) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.84%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 12.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TPB.

What ETFs hold Turning Point Brands' stock?

ETFs with the largest weight of Turning Point Brands (NYSE:TPB) stock in their portfolio include AdvisorShares Vice ETF (VICE), Cambria Cannabis ETF (TOKE) and Roundhill Acquirers Deep Value ETF (DEEP).Amplify Alternative Harvest ETF (MJ).

What other stocks do shareholders of Turning Point Brands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Turning Point Brands investors own include Alibaba Group (BABA), JD.com (JD), Altria Group (MO), Tencent (TCEHY), NVIDIA (NVDA), Teladoc Health (TDOC), Baidu (BIDU), Intel (INTC) and Advanced Micro Devices (AMD).

When did Turning Point Brands IPO?

Turning Point Brands (TPB) raised $76 million in an initial public offering (IPO) on Wednesday, May 11th 2016. The company issued 5,400,000 shares at $13.00-$15.00 per share. Cowen and Company and FBR served as the underwriters for the IPO.

Who are Turning Point Brands' major shareholders?

Turning Point Brands' stock is owned by a variety of retail and institutional investors. Top institutional investors include Lord Abbett & CO. LLC (1.45%), Foundry Partners LLC (1.23%), Access Investment Management LLC (0.68%), Sei Investments Co. (0.64%), GSA Capital Partners LLP (0.31%) and BNP Paribas Financial Markets (0.10%). Insiders that own company stock include David Edward Glazek, General LP Standard, Graham Purdy, Plano Lorenzo De and Stephen Usher.
View institutional ownership trends
.

How do I buy shares of Turning Point Brands?

Shares of TPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TPB) was last updated on 5/9/2024 by MarketBeat.com Staff

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