Turning Point Brands, Inc. (TPB) – What Are Researchers Thinking About This Stock?

Shares of Turning Point Brands, Inc. (NYSE:TPB – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $109.00.

TPB has been the subject of several research analyst reports. Oppenheimer cut their price objective on Turning Point Brands from $130.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, September 22nd. BTIG Research reaffirmed a “buy” rating on shares of Turning Point Brands in a research report on Monday, August 10th. Wall Street Zen upgraded Turning Point Brands from a “strong sell” rating to a “sell” rating in a report on Monday, August 10th. Compass Point set a $116.00 price objective on Turning Point Brands in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turning Point Brands in a research report on Friday, August 28th.

Read Our Latest Stock Analysis on Turning Point Brands

Institutional Investors Weigh In On Turning Point Brands

Hedge funds have recently made changes to their positions in the stock. Operose Advisors LLC acquired a new position in Turning Point Brands in the 2nd quarter valued at approximately $42,000. GAMMA Investing LLC grew its holdings in shares of Turning Point Brands by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the company’s stock worth $40,000 after purchasing an additional 346 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Turning Point Brands during the first quarter valued at approximately $126,000. Quantbot Technologies LP bought a new stake in shares of Turning Point Brands during the second quarter valued at approximately $209,000. Finally, Bessemer Group Inc. raised its stake in shares of Turning Point Brands by 31.0% in the first quarter. Bessemer Group Inc. now owns 2,845 shares of the company’s stock valued at $247,000 after purchasing an additional 674 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

Turning Point Brands Stock Performance

Shares of TPB opened at $57.47 on Friday. The company has a market capitalization of $1.11 billion, a PE ratio of 24.66 and a beta of 0.97. Turning Point Brands has a one year low of $54.69 and a one year high of $146.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 5.67 and a quick ratio of 4.16. The company’s fifty day moving average price is $73.97 and its 200 day moving average price is $79.78.

Turning Point Brands (NYSE:TPB – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.11. The company had revenue of $142.96 million during the quarter, compared to analysts’ expectations of $129.56 million. Turning Point Brands had a net margin of 8.78% and a return on equity of 11.35%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, analysts expect that Turning Point Brands will post 1.19 earnings per share for the current year.

Turning Point Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 18th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, September 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.6%. Turning Point Brands’s payout ratio is presently 13.73%.

Turning Point Brands Company Profile

(Get Free Report)

Turning Point Brands, Inc is a Louisville, Kentucky-based consumer products company focused primarily on tobacco, nicotine and related products. The company develops, manufactures, markets and distributes products through convenience stores, tobacco shops, mass merchants, e-commerce channels and other retailers in the United States and select international markets.

Its portfolio includes rolling papers, cigar and cigarette wraps, and other smoking accessories sold under the Zig-Zag brand; moist snuff and other smokeless tobacco products marketed under the Stoker’s brand; and modern oral nicotine products, including FRE nicotine pouches.

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