Turning Point Brands, Inc. (NYSE:TPB) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Turning Point Brands, Inc. (NYSE:TPB) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $115.6667.

Several research analysts have issued reports on TPB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turning Point Brands in a report on Friday, August 28th. Compass Point set a $116.00 price objective on shares of Turning Point Brands in a report on Monday, August 10th. BTIG Research reiterated a “buy” rating on shares of Turning Point Brands in a research note on Monday, August 10th. Finally, Wall Street Zen raised Turning Point Brands from a “strong sell” rating to a “sell” rating in a report on Monday, August 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Apis Capital Advisors LLC grew its position in shares of Turning Point Brands by 186.2% during the 4th quarter. Apis Capital Advisors LLC now owns 164,377 shares of the company’s stock valued at $17,818,000 after acquiring an additional 106,948 shares during the period. SWP Investment Management LLC purchased a new stake in shares of Turning Point Brands in the second quarter worth $2,174,000. Norris Financial Group LLC bought a new stake in shares of Turning Point Brands during the 1st quarter valued at $4,151,000. Marathon Partners Equity Management LLC bought a new stake in Turning Point Brands during the second quarter valued at about $4,198,000. Finally, Osterweis Capital Management Inc. bought a new stake in Turning Point Brands during the second quarter valued at about $6,452,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

Turning Point Brands Stock Up 0.3%

TPB stock opened at $68.35 on Wednesday. Turning Point Brands has a fifty-two week low of $65.80 and a fifty-two week high of $146.90. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 29.33 and a beta of 0.94. The business’s 50 day moving average price is $79.95 and its two-hundred day moving average price is $83.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.16 and a current ratio of 5.67.

Turning Point Brands (NYSE:TPB) last released its earnings results on Tuesday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.11. The firm had revenue of $142.96 million during the quarter, compared to analyst estimates 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 revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. As a group, analysts forecast that Turning Point Brands will post 1.23 earnings per share for the current fiscal year.

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.08 dividend. The ex-dividend date is Friday, September 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Turning Point Brands’s payout ratio is currently 13.73%.

About Turning Point Brands

Turning Point Brands, Inc is a consumer-products company focused on branded products for the tobacco, smoking-accessory and modern oral categories. Its portfolio includes rolling papers, wraps, smokeless tobacco, nicotine pouches and related products marketed under established brands.

The company’s principal brands include Zig-Zag, which offers rolling papers, cones, wraps and smoking accessories; Stoker’s, known for smokeless tobacco products; and FRE, a brand of nicotine pouches. Turning Point Brands also develops and distributes other alternative and specialty products through its brand portfolio.

Turning Point Brands sells its products primarily through convenience stores, tobacco and vape retailers, specialty retailers, distributors, e-commerce channels and other consumer outlets in the United States, with some products available internationally.