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

1 Wall Street equities 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 equities 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 objectives for Turning Point Brands' shares. Their TPB share price targets range from $28.00 to $28.00. On average, they predict the company's share price to reach $28.00 in the next year. 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 .

How have TPB shares performed in 2024?

Turning Point Brands' stock was trading at $26.32 on January 1st, 2024. Since then, TPB stock has increased by 5.2% and is now trading at $27.68. View the best growth stocks for 2024 here .

Are investors shorting Turning Point Brands?

Turning Point Brands saw a drop in short interest in the month of 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 company's stock 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 Thursday, May 2nd 2024. View our TPB earnings forecast .

How can I listen to Turning Point Brands' earnings call?

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 .

How were Turning Point Brands' earnings last quarter?

Turning Point Brands, Inc. (NYSE:TPB) posted its quarterly earnings data on Wednesday, February, 28th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $90.11 million. Turning Point Brands had a trailing twelve-month return on equity of 38.62% and a net margin of 9.49%. Turning Point Brands's revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS.

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

Turning Point Brands announced a quarterly dividend on Wednesday, February 28th. Investors 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 .

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 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 .

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 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.

Who are Turning Point Brands' major shareholders?

Turning Point Brands' stock is owned by a number of retail and institutional investors. Top institutional investors 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 .

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 .

NYSE:TPB

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

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Free TPB Stock Alerts

$27.68

+0.68 (+2.52%)

(As of 04/19/2024 ET)

Compare

Today's Range: $26.87
▼
$27.80
50-Day Range: $22.15
▼
$29.30
52-Week Range: $19.67
▼
$29.86

Volume: 77,020 shs
Average Volume: 120,254 shs
Market Capitalization: $489.38 million

P/E Ratio: 13.50
Dividend Yield: 1.01%
Price Target: $28.00

Get Turning Point Brands alerts:

Turning Point Brands MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1.2% Upside
$28.00 Price Target
Short Interest: Healthy
1.30% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.53
Upright™ Environmental Score
News Sentiment: 0.93
Based on 2 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.

3.65 out of 5 stars

Consumer Staples Sector

60th out of 139 stocks

Tobacco Products Industry

1st out of 1 stocks

1.5

Analyst's Opinion

Consensus Rating
Turning Point Brands has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Turning Point Brands has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.30% of the float of Turning Point Brands has been sold short.
Short Interest Ratio / Days to Cover
Turning Point Brands has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Turning Point Brands has recently decreased by 57.41%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Turning Point Brands pays a meaningful dividend of 1.05%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Turning Point Brands has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of Turning Point Brands is 13.66%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Turning Point Brands has received a -407.75% net impact score from Upright. The largest negative impact of Turning Point Brands in category "Physical diseases" seems to be driven mostly by its "E-cigarettes", "Cigarettes", and "Vaporizers" products. See details.
Environmental Sustainability
The Environmental Impact score for Turning Point Brands is -2.53.

3.3

News and Social Media Coverage

News Sentiment
Turning Point Brands has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Turning Point Brands this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for TPB on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
2 people have added Turning Point Brands to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Turning Point Brands insiders have bought more of their company's stock than they have sold. Specifically, they have bought $420,753.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.20% of the stock of Turning Point Brands is held by insiders.
Percentage Held by Institutions
96.12% of the stock of Turning Point Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Turning Point Brands is 13.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Turning Point Brands is 13.50, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.05.
Price to Book Value per Share Ratio
Turning Point Brands has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

TPB Stock News Headlines

March 19, 2024 | insidertrades.com

Turning Point Brands, Inc. (NYSE:TPB) Insider Plano Lorenzo De Purchases 15,043 Shares

April 18, 2024 | businesswire.com

Turning Point Brands to Host First Quarter 2024 Conference Call

April 19, 2024 | Altimetry (Ad)

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April 16, 2024 | morningstar.com

Turning Point Brands Inc

April 9, 2024 | investorplace.com

3 Cannabis Stocks on the Brink of a Massive Breakout

April 7, 2024 | finance.yahoo.com

Several Insiders Invested In Turning Point Brands Flagging Positive News

March 18, 2024 | benzinga.com

Turning Point Brands: Dividend Insights

March 17, 2024 | finance.yahoo.com

TPB Apr 2024 22.500 call

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 17, 2024 | investorplace.com

3 Tempting Tobacco Stocks to Buy as Indulgence Rates Rise

March 17, 2024 | finance.yahoo.com

Turning Point Brands (NYSE:TPB) Is Increasing Its Dividend To $0.07

March 16, 2024 | finance.yahoo.com

TPB Oct 2024 30.000 put

March 16, 2024 | finance.yahoo.com

Turning Point Brands, Inc. (NYSE:TPB) Passed Our Checks, And It's About To Pay A US$0.07 Dividend

March 16, 2024 | finance.yahoo.com

TPB Dec 2024 15.000 put

March 14, 2024 | msn.com

Turning Point Community Church is hosting Easter at the Buddy Holly Hall and everyone is welcome to attend

March 11, 2024 | bizjournals.com

Turning Point Brands appoints new CFO

March 11, 2024 | markets.businessinsider.com

Turning Point Brands Names Flynn CFO

March 11, 2024 | businesswire.com

Turning Point Brands Appoints Andrew Flynn as Chief Financial Officer

March 7, 2024 | investorplace.com

Wall Street's Best Kept Secrets: 7 Little-Known Stocks to Love

March 3, 2024 | finance.yahoo.com

Are Investors Undervaluing Turning Point Brands, Inc. (NYSE:TPB) By 39%?

March 3, 2024 | finance.yahoo.com

Turning Point Brands (NYSE:TPB) Is Paying Out A Dividend Of $0.07

March 1, 2024 | seekingalpha.com

Turning Point Brands: Entry Into Oral Nicotine Pouch Category Is A 2024 Catalyst

February 29, 2024 | markets.businessinsider.com

Analysts Offer Insights on Consumer Goods Companies: Monster Beverage (MNST) and Turning Point Brands (TPB)

February 29, 2024 | finance.yahoo.com

Turning Point Brands, Inc. (NYSE:TPB) Q4 2023 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

Q4 2023 Turning Point Brands Inc Earnings Call

February 28, 2024 | msn.com

Zig-Zag Segment Stable, Says CEO As Turning Point Reports Profit Increase And 6.1% YoY Drop In Q4 Net Sales

February 28, 2024 | seekingalpha.com

Turning Point Brands, Inc. 2023 Q4 - Results - Earnings Call Presentation

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: 4/19/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Tobacco products
Sub-Industry: N/A
Current Symbol: NYSE:TPB
CUSIP: N/A
CIK: 1290677
Web: www.turningpointbrands.com
Phone: (502) 778-4421
Fax: N/A
Employees: 373
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $28.00
High Stock Price Target: $28.00
Low Stock Price Target: $28.00
Potential Upside/Downside: +1.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.05
Trailing P/E Ratio: 13.50
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $38.46 million
Net Margins: 9.49%
Pretax Margin: 15.22%
Return on Equity: 38.62%
Return on Assets: 9.32%

Debt

Debt-to-Equity Ratio: 2.02
Current Ratio: 2.67
Quick Ratio: 1.68

Sales & Book Value

Annual Sales: $405.39 million
Price / Sales: 1.21
Cash Flow: $3.59 per share
Price / Cash Flow: 7.71
Book Value: $8.63 per share
Price / Book: 3.21

Miscellaneous

Outstanding Shares: 17,680,000
Free Float: 16,758,000
Market Cap: $489.38 million
Optionable: Optionable
Beta: 0.48

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Key Executives

Mr. David E. Glazek J.D. (Age 46)
Executive Chairman
Mr. Graham A. Purdy (Age 52)
CEO, President & Director
Comp: $1.49M
Mr. Brian Wigginton
Chief Accounting Officer
Mr. John E. Charnovich (Age 63)
Chief Information Officer
Mr. Frank J. Vignone
Senior Vice President of Sales
Ms. Alicia Carrasco
Chief People Officer
Lorenzo De Plano
Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TPB Stock Analysis - Frequently Asked Questions

Should I buy or sell Turning Point Brands stock right now?: 1 Wall Street equities 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 equities 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 objectives for Turning Point Brands' shares. Their TPB share price targets range from $28.00 to $28.00. On average, they predict the company's share price to reach $28.00 in the next year. 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.
How have TPB shares performed in 2024?: Turning Point Brands' stock was trading at $26.32 on January 1st, 2024. Since then, TPB stock has increased by 5.2% and is now trading at $27.68.
View the best growth stocks for 2024 here.
Are investors shorting Turning Point Brands?: Turning Point Brands saw a drop in short interest in the month of 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 company's stock 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 Thursday, May 2nd 2024.
View our TPB earnings forecast.
How can I listen to Turning Point Brands' earnings call?: 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.
How were Turning Point Brands' earnings last quarter?: Turning Point Brands, Inc. (NYSE:TPB) posted its quarterly earnings data on Wednesday, February, 28th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $90.11 million. Turning Point Brands had a trailing twelve-month return on equity of 38.62% and a net margin of 9.49%. Turning Point Brands's revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS.
How often does Turning Point Brands pay dividends? What is the dividend yield for Turning Point Brands?: Turning Point Brands announced a quarterly dividend on Wednesday, February 28th. Investors 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.

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 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.
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 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.
Who are Turning Point Brands' major shareholders?: Turning Point Brands' stock is owned by a number of retail and institutional investors. Top institutional investors 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.
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 4/19/2024 by MarketBeat.com Staff

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

Turning Point Brands MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Turning Point Brands Stock (NYSE:TPB)

TPB Stock Price History

TPB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TPB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™