Turning Point Brands (NYSE:TPB) Stock Price Target Cut by Needham & Company LLC

Key Points

• Needham cut its price target on Turning Point Brands from $125 to $95 but kept a Buy rating; the new target implies 47.26% upside from the stock’s current price.
• Turning Point Brands reported quarterly revenue of $151.1 million, up 27% year over year and above estimates, while EPS of $0.41 beat the $0.20 consensus estimate. However, EPS was down from $1.27 a year earlier.
• Analyst views are mixed: MarketBeat’s consensus rating is Hold, with an average price target of $101.

Turning Point Brands (NYSE:TPB - Get Free Report) had its price target dropped by equities researchers at Needham & Company LLC from $125.00 to $95.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price objective would suggest a potential upside of 47.26% from the stock's current price.

Several other analysts also recently commented on TPB. Compass Point set a $116.00 price objective on shares of Turning Point Brands in a research report on Monday, August 10th. BTIG Research reaffirmed a "buy" rating on shares of Turning Point Brands in a research note on Monday, August 10th. Oppenheimer cut their price objective on shares of Turning Point Brands from $130.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, September 22nd. Wall Street Zen raised Turning Point Brands from a "strong sell" rating to a "sell" rating in a report on Monday, August 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Turning Point Brands in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $101.00.

Turning Point Brands Stock Up 2.0%

NYSE TPB opened at $64.51 on Tuesday. The business's 50-day moving average is $65.21 and its 200 day moving average is $85.49. Turning Point Brands has a 1 year low of $54.17 and a 1 year high of $146.90. The stock has a market capitalization of $1.25 billion, a PE ratio of 27.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 5.67 and a quick ratio of 4.16.

Turning Point Brands (NYSE:TPB - Get Free Report) last announced its earnings results on Monday, November 9th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.21. The firm had revenue of $151.10 million during the quarter, compared to analyst estimates of $146.68 million. Turning Point Brands had a return on equity of 11.35% and a net margin of 8.78%. The business's revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. Sell-side analysts forecast that Turning Point Brands will post 1.19 earnings per share for the current year.

Institutional Investors Weigh In On Turning Point Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Turning Point Brands during the 2nd quarter worth about $137,273,000. Copeland Capital Management LLC grew its holdings in Turning Point Brands by 2.6% during the 3rd quarter. Copeland Capital Management LLC now owns 708,507 shares of the company's stock valued at $41,589,000 after purchasing an additional 18,184 shares in the last quarter. First Trust Advisors LP raised its position in shares of Turning Point Brands by 39.6% in the 1st quarter. First Trust Advisors LP now owns 689,905 shares of the company's stock valued at $59,877,000 after purchasing an additional 195,643 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in Turning Point Brands by 57.5% in the second quarter. Maple Rock Capital Partners Inc. now owns 686,800 shares of the company's stock worth $58,248,000 after purchasing an additional 250,800 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Turning Point Brands during the second quarter worth $47,278,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Key Turning Point Brands News

Here are the key news stories impacting Turning Point Brands this week:

• Positive Sentiment: Q3 net sales rose 27% to $151.1 million, exceeding analysts’ expectations, and earnings per share of $0.41 also topped estimates. Turning Point Brands Announces Third Quarter 2026 Results
• Positive Sentiment: Management outlined a 2026 Modern Oral gross-sales target of $330 million–$350 million and aims to grow chain-store count by more than 70%, signaling plans to expand ALP’s retail reach. 2026 Modern Oral sales and distribution targets
• Neutral Sentiment: ALP opened its first branded nicotine-pouch pop-up in New York City, supported by a citywide advertising campaign. The launch could raise brand awareness, though its sales impact is not yet clear. ALP New York City pop-up announcement
• Negative Sentiment: Despite higher revenue and an earnings beat, quarterly earnings were down substantially from a year earlier. Reports attributed profit pressure to heavy marketing investment, raising concerns that growth initiatives may weigh on near-term margins. Marketing investments impact profit

About Turning Point Brands

Turning Point Brands, Inc is a U.S.-based manufacturer, marketer and distributor of branded consumer products, with a portfolio focused on tobacco and nicotine products and related accessories. Its products are sold primarily in the United States, with distribution in international markets as well.

The company's Zig-Zag Products business includes rolling papers, wraps, cones and other products associated with the Zig-Zag brand. Its Stoker's Products business offers products such as loose-leaf chewing tobacco and moist snuff, along with nicotine pouches sold under brands including Stoker's and FRE.

Turning Point Brands' portfolio also includes Beech-Nut tobacco products.

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