Turning Point Brands, Inc. (NYSE:TPB) Receives Consensus Rating of "Buy" from Brokerages

Turning Point Brands, Inc. (NYSE:TPB - Get Free Report) has earned a consensus recommendation of "Buy" from the six ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $76.67.

Several equities research analysts have recently issued reports on TPB shares. Industrial Alliance Securities set a $85.00 target price on Turning Point Brands in a research report on Thursday, March 6th. Alliance Global Partners began coverage on shares of Turning Point Brands in a report on Monday, March 3rd. They set a "buy" rating and a $80.00 price objective for the company. Oppenheimer boosted their target price on shares of Turning Point Brands from $65.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday. Roth Mkm reissued a "buy" rating and set a $70.00 target price on shares of Turning Point Brands in a research report on Friday, January 10th. Finally, StockNews.com cut shares of Turning Point Brands from a "buy" rating to a "hold" rating in a report on Tuesday.

Turning Point Brands Stock Down 3.1 %

Shares of TPB stock traded down $2.35 on Friday, hitting $73.31. The stock had a trading volume of 87,924 shares, compared to its average volume of 216,356. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The business has a 50 day moving average of $59.82 and a 200 day moving average of $59.74. Turning Point Brands has a 12-month low of $30.61 and a 12-month high of $81.05. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 29.09 and a beta of 0.69.

Turning Point Brands (NYSE:TPB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. The firm had revenue of $106.44 million for the quarter, compared to analysts' expectations of $95.75 million. Turning Point Brands had a net margin of 11.63% and a return on equity of 33.14%. The company's quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. As a group, analysts expect that Turning Point Brands will post 2.59 EPS for the current year.

Turning Point Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 20th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, June 20th. Turning Point Brands's dividend payout ratio (DPR) is presently 14.15%.

Institutional Trading of Turning Point Brands

A number of institutional investors have recently added to or reduced their stakes in TPB. Virtus Fund Advisers LLC bought a new stake in shares of Turning Point Brands during the fourth quarter valued at about $48,000. USA Financial Formulas bought a new stake in Turning Point Brands during the 4th quarter worth approximately $73,000. Sunbelt Securities Inc. bought a new stake in Turning Point Brands during the 4th quarter worth approximately $96,000. Tower Research Capital LLC TRC lifted its stake in Turning Point Brands by 29.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,364 shares of the company's stock worth $142,000 after purchasing an additional 532 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in Turning Point Brands in the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

Turning Point Brands Company Profile

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.