NYSE:TPB

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

$33.19
+0.19 (+0.58%)
(As of 05/8/2024 ET)
Today's Range
$32.56
$33.29
50-Day Range
$24.69
$33.44
52-Week Range
$19.67
$34.00
Volume
94,182 shs
Average Volume
121,307 shs
Market Capitalization
$584.81 million
P/E Ratio
14.62
Dividend Yield
0.84%
Price Target
$45.00

Turning Point Brands MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.8% 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
0.58mentions of Turning Point Brands in the last 14 days
Based on 20 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.

4.31 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

Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Turning Point Brands (NYSE:TPB) PT Raised to $45.00
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
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
5/08/2024
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
+36.4%
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
$3.48 per share
Book Value
$8.63 per share

Miscellaneous

Free Float
16,600,000
Market Cap
$581.46 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 analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last year. 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.

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

1 Wall Street research analysts have issued 1 year price targets for Turning Point Brands' stock. Their TPB share price targets range from $45.00 to $45.00. On average, they predict the company's share price to reach $45.00 in the next year. This suggests a possible upside of 35.8% 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 start of the year. Since then, TPB stock has increased by 25.9% and is now trading at $33.13.
View the best growth stocks for 2024 here
.

Are investors shorting Turning Point Brands?

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 short-interest ratio is presently 1.7 days. Approximately 1.3% of the shares of the stock are short sold.
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 quarterly earnings data on Wednesday, February, 28th. The company reported $0.72 EPS for the quarter. The company had revenue of $97.10 million for the quarter, compared to analysts' expectations of $90.11 million. Turning Point Brands had a net margin of 10.68% and a trailing twelve-month return on equity of 37.62%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the company earned $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 paid 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 0.85%. The ex-dividend date 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 0.86%. 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 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 shareholders include Access Investment Management LLC (0.68%), Sei Investments Co. (0.64%), GSA Capital Partners LLP (0.31%), BNP Paribas Financial Markets (0.10%), Principal Financial Group Inc. (0.04%) and 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 5/8/2024 by MarketBeat.com Staff

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