Turning Point Brands - TPB Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Turning Point Brands in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TPB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPB, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 12-month target prices for Turning Point Brands' shares. Their TPB share price forecasts range from $22.00 to $45.00. On average, they expect the company's share price to reach $37.20 in the next twelve months. This suggests a possible upside of 85.6% from the stock's current price.
View analysts price targets for TPB or view top-rated stocks among Wall Street analysts.

Turning Point Brands' stock was trading at $21.63 at the beginning of 2023. Since then, TPB stock has decreased by 7.4% and is now trading at $20.04.
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Turning Point Brands saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 909,000 shares, an increase of 52.6% from the February 13th total of 595,500 shares. Based on an average daily volume of 177,500 shares, the short-interest ratio is currently 5.1 days. Approximately 5.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our TPB earnings forecast.

Turning Point Brands, Inc. (NYSE:TPB) issued its earnings results on Friday, February, 24th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.35 by $0.30. The firm earned $103.39 million during the quarter. Turning Point Brands had a net margin of 2.81% and a trailing twelve-month return on equity of 43.68%.

Turning Point Brands declared a quarterly dividend on Thursday, February 23rd. Stockholders of record on Friday, March 17th will be given a dividend of $0.065 per share on Friday, April 7th. This represents a $0.26 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 16th. This is an increase from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for TPB.

ETFs with the largest weight of Turning Point Brands (NYSE:TPB) stock in their portfolio include Cambria Cannabis ETF (TOKE), AdvisorShares Vice ETF (VICE), ETFMG Alternative Harvest ETF (MJ) and Vanguard Consumer Staples ETF (VDC).Fidelity MSCI Consumer Staples Index ETF (FSTA).

Turning Point Brands (NYSE:TPB) pays an annual dividend of $0.26 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPB will have a dividend payout ratio of 9.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPB.

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).

(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.

Turning Point Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPB."

Turning Point Brands' stock is owned by many different institutional and retail investors. Top institutional investors include Thrivent Financial for Lutherans (9.53%), ArrowMark Colorado Holdings LLC (6.59%), UBS Group AG (4.99%), Jefferies Financial Group Inc. (4.02%), Millennium Management LLC (3.74%) and Bank of Montreal Can (2.32%). Insiders that own company stock include General LP Standard, Lawrence Wexler and Robert M Lavan.
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Shares of TPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TPB stock can currently be purchased for approximately $20.04.

Turning Point Brands (NYSE:TPB) has a market capitalization of $351.90 million and generates $415.01 million in revenue each year. The company earns $11.64 million in net income (profit) each year or $0.52 on an earnings per share basis.

The company employs 426 workers across the globe.

Turning Point Brands' mailing address is 5201 Interchange Way, Louisville KY, 40229. The official website for the company is www.turningpointbrands.com. The company can be reached via phone at (502) 778-4421 or via email at ir@tpbi.com.