Turning Point Brands, Inc. (NYSE:TPB) Receives $68.75 Consensus PT from Analysts

Turning Point Brands, Inc. (NYSE:TPB) has received a consensus rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $68.75.

TPB has been the subject of a number of research reports. Craig Hallum lifted their price target on Turning Point Brands from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Capital raised Turning Point Brands to a “strong-buy” rating in a report on Friday, November 8th. Benchmark increased their price target on shares of Turning Point Brands from $45.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Roth Mkm restated a “buy” rating and set a $70.00 price objective on shares of Turning Point Brands in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of Turning Point Brands from a “hold” rating to a “buy” rating in a research note on Monday.

Institutional Trading of Turning Point Brands

Several institutional investors have recently bought and sold shares of TPB. USA Financial Formulas acquired a new position in Turning Point Brands during the fourth quarter worth $73,000. Copeland Capital Management LLC acquired a new position in shares of Turning Point Brands during the 3rd quarter worth about $61,000. Entropy Technologies LP purchased a new position in Turning Point Brands in the 4th quarter valued at about $234,000. Legato Capital Management LLC acquired a new stake in Turning Point Brands in the 4th quarter worth about $278,000. Finally, Aigen Investment Management LP purchased a new stake in Turning Point Brands during the 3rd quarter worth approximately $221,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Turning Point Brands Price Performance

Shares of TPB stock opened at $62.95 on Friday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 24.98 and a beta of 0.66. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. The stock’s 50-day simple moving average is $59.68 and its 200-day simple moving average is $48.42. Turning Point Brands has a fifty-two week low of $21.98 and a fifty-two week high of $66.18.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Turning Point Brands had a net margin of 11.63% and a return on equity of 33.14%. The business had revenue of $105.62 million for the quarter, compared to analyst estimates of $100.71 million. During the same quarter in the prior year, the business posted $0.69 EPS. Turning Point Brands’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Turning Point Brands will post 2.59 earnings per share for the current fiscal year.

Turning Point Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, December 20th. Turning Point Brands’s payout ratio is currently 11.11%.

About Turning Point Brands

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.