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

1 Wall Street 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 analysts is that investors should "buy" TPB shares.
View TPB analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1-year target prices for Turning Point Brands' shares. Their TPB share price targets range from $28.00 to $28.00. On average, they anticipate the company's share price to reach $28.00 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts price targets for TPB or view top-rated stocks among Wall Street analysts.

Turning Point Brands' stock was trading at $26.32 at the beginning of the year. Since then, TPB stock has increased by 5.2% and is now trading at $27.68.
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Turning Point Brands saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 215,900 shares, a decrease of 57.4% from the March 15th total of 506,900 shares. Based on an average daily trading volume, of 126,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.3% of the shares of the stock are short sold.
View Turning Point Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our TPB earnings forecast.

Turning Point Brands will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Turning Point Brands, Inc. (NYSE:TPB) released its quarterly earnings data 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 the consensus estimate of $90.11 million. Turning Point Brands had a net margin of 9.49% and a trailing twelve-month return on equity of 38.62%. The company's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.

Turning Point Brands announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.07 per share on Friday, April 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for TPB.

Turning Point Brands (NYSE:TPB) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.05%. 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 13.66%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TPB.

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).

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).

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

Turning Point Brands' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include David Edward Glazek, General LP Standard, Graham Purdy, Plano Lorenzo De and Stephen Usher.
View institutional ownership trends.

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.
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