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

Company Overview

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.

Key Stats

• Today's Range: $58.50 to $61.47
• 50-Day Range: $38.27 to $60.59
• 52-Week Range: $21.66 to $61.47
• Volume: 491,313 shs
• Average Volume: 174,113 shs
• Market Capitalization: $1.07 billion
• P/E Ratio: 24.04
• Dividend Yield: 0.46%
• Price Target: $60.00
• Consensus Rating: Buy

Turning Point Brands Stock Analysis - MarketRank™

Turning Point Brands scored higher than 79% of companies evaluated by MarketBeat, and ranked 56th out of 143 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Buy

Consensus Rating

Turning Point Brands has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Turning Point Brands has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 14.50%

Earnings Growth

Earnings for Turning Point Brands are expected to grow by 14.50% in the coming year, from $2.62 to $3.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Turning Point Brands is 24.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Turning Point Brands is 24.04, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.77.

Price to Book Value per Share Ratio

Turning Point Brands has a P/B Ratio of 5.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.64% 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 0.8, 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 6.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Turning Point Brands has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Turning Point Brands does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Turning Point Brands is 11.11%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Turning Point Brands will have a dividend payout ratio of 9.33% next year. This indicates that Turning Point Brands will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -2.53

Percentage of Shares Shorted

0.64% 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 0.8, 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 6.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.52

News Sentiment

Turning Point Brands has a news sentiment score of 0.52. 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 lower news sentiment than the 0.64 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Turning Point Brands this week, compared to 3 articles on an average week.

Search Interest

8 people have searched for TPB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

6 people have added Turning Point Brands to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Turning Point Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $78,840.00 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.

TPB Stock Analysis - Frequently Asked Questions

How have TPB shares performed this year?

Turning Point Brands' stock was trading at $26.32 on January 1st, 2024. Since then, TPB shares have increased by 130.2% and is now trading at $60.58.
View the best growth stocks for 2024 here.

How were Turning Point Brands' earnings last quarter?

Turning Point Brands, Inc. (NYSE:TPB) released its quarterly earnings results on Thursday, November, 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The business's quarterly revenue was up 3.8% compared to the same quarter last year.

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 $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?

Top institutional investors of Turning Point Brands include Thrivent Financial for Lutherans (4.27%), ArrowMark Colorado Holdings LLC (2.82%), Geode Capital Management LLC (2.29%) and Foundry Partners LLC (1.08%). Insiders that own company stock include Lawrence Wexler, Graham Purdy, David Edward Glazek, Gregory HA Baxter, Plano Lorenzo De, Summer Frein 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.

What other stocks do shareholders of Turning Point Brands own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Turning Point Brands investors own include Waste Connections (WCN), American Water Works (AWK), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/4 Dividend: 9/13/2024
• Dividend Payable: 10/04/2024
• Last Earnings: 11/07/2024
• Today: 11/17/2024
• Ex-Dividend for 1/10 Dividend: 12/20/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/10/2025
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Tobacco products
• Sub-Industry: Tobacco Products
• 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: $60.00
• High Stock Price Target: $65.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: -1.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.52
• Trailing P/E Ratio: 24.04
• Forward P/E Ratio: 23.12
• P/E Growth: N/A
• Net Income: $38.46 million
• Net Margins: 11.63%
• Pretax Margin: 18.22%
• Return on Equity: 33.14%
• Return on Assets: 9.99%

Debt

• Debt-to-Equity Ratio: 1.33
• Current Ratio: 4.21
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: $405.39 million
• Price / Sales: 2.65
• Cash Flow: $3.45 per share
• Price / Cash Flow: 17.57
• Book Value: $10.55 per share
• Price / Book: 5.74

Miscellaneous

• Outstanding Shares: 17,700,000
• Free Float: 16,777,000
• Market Cap: $1.07 billion
• Optionable: Optionable
• Beta: 0.63