Turning Point Brands Stock Today
| TPB Stock | USD 28.24 0.46 1.66% |
Performance6 of 100
| Odds Of DistressLess than 6
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Turning Point is trading at 28.24 as of the 28th of April 2024, a 1.66% increase since the beginning of the trading day. The stock's open price was 27.78. Turning Point has only a 6 % chance of going through financial distress over the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Turning Point Brands are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
Business Domain Food, Beverage & Tobacco | IPO Date 11th of May 2016 | Category Consumer Defensive | Classification Consumer Staples |
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky. Turning Point operates under Tobacco classification in the United States and is traded on New York Stock Exchange. The company has 17.68 M outstanding shares of which 218.66 K shares are at this time shorted by investors with about 2.18 days to cover. More on Turning Point Brands
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Turning Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Turning Point's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Turning Point or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Lawrence Wexler | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | PrivateBancorp Inc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Tobacco, Food, Beverage & Tobacco, Consumer Defensive, NYSE Composite, VN All Shares, Cigarettes, Tobacco Products, Consumer Staples, Tobacco, Tobacco, Consumer Defensive (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Turning Point report their recommendations after researching Turning Point's financial statements, talking to executives and customers, or listening in on Turning Point's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Turning Point Brands. The Turning consensus assessment is calculated by taking the average forecast from all of the analysts covering Turning Point. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Turning Point's liquidity, profitability, solvency, and operating efficiency, Turning Point Brands may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. Financial strength of Turning Point Brands is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Turning Point's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Turning Point's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Turning Point's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Turning Point's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Turning Point's financial leverage. It provides some insight into what part of Turning Point's total assets is financed by creditors.
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Turning Point Brands (TPB) is traded on New York Stock Exchange in USA. It is located in 5201 Interchange Way, Louisville, KY, United States, 40229 and employs 373 people. Turning Point is listed under Tobacco category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 499.19 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Turning Point's market, we take the total number of its shares issued and multiply it by Turning Point's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Turning Point Brands runs under Tobacco sector within Consumer Staples industry. The entity has 17.68 M outstanding shares of which 218.66 K shares are at this time shorted by investors with about 2.18 days to cover.
Turning Point Brands has about 107.43 M in cash with 66.88 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.02.
Check Turning Point Probability Of Bankruptcy
Ownership AllocationTurning Point maintains a total of 17.68 Million outstanding shares. The majority of Turning Point Brands outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Turning Point to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Turning Point Brands. Please pay attention to any change in the institutional holdings of Turning Point Brands as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Turning Ownership Details
Turning Stock Price Odds Analysis
What are Turning Point's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Turning Point jumping above the current price in 90 days from now is about 18.69%. The Turning Point Brands probability density function shows the probability of Turning Point stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Turning Point has a beta of 0.1391. This usually implies as returns on the market go up, Turning Point average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Turning Point Brands will be expected to be much smaller as well. Additionally, turning Point Brands has an alpha of 0.1663, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Turning Point to move above the current price in 90 days from now is about 18.69 (This Turning Point Brands probability density function shows the probability of Turning Stock to fall within a particular range of prices over 90 days) .
Turning Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Turning Point that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Turning Point's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Turning Point's value.| Instituion | Recorded On | Shares | |
| Foundry Partners, Llc | 2023-12-31 | 219.6 K | |
| D. E. Shaw & Co Lp | 2023-09-30 | 204.9 K | |
| Aristides Capital Llc | 2023-12-31 | 190.9 K | |
| Penn Capital Management Company Llc | 2023-12-31 | 178.9 K | |
| Lord, Abbett & Co Llc | 2023-12-31 | 175.8 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 172.7 K | |
| Putnam Investments, Llc., A Franklin Templeton Company | 2023-12-31 | 168.3 K | |
| Bank Of Montreal | 2023-12-31 | 165.6 K | |
| Bmo Capital Markets Corp. | 2023-12-31 | 165.6 K | |
| Thrivent Financial For Lutherans | 2023-12-31 | 1.9 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.6 M |
Turning Point Historical Income Statement
Turning Point Brands Income Statement is one of the three primary financial statements used for reporting Turning's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Turning Point Brands revenue and expense. Turning Point Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Turning Point's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 21.6 M, whereas Selling General Administrative is forecasted to decline to about 72.7 M. View More FundamentalsTurning Stock Against Markets
Picking the right benchmark for Turning Point stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Turning Point stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Turning Point is critical whether you are bullish or bearish towards Turning Point Brands at a given time. Please also check how Turning Point's historical prices are related to one of the top price index indicators.
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Turning Point Corporate Directors
Turning Point corporate directors refer to members of a Turning Point board of directors. The board of directors generally takes responsibility for the Turning Point's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Turning Point's board members must vote for the resolution. The Turning Point board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Assia GrazioliVenier | Independent Director | Profile | |
| Ashley Frushone | Independent Director | Profile | |
| Robert Rothenberg | Director | Profile | |
| Peggy Hebard | Independent Director | Profile |
How to buy Turning Stock?
Before investing in Turning Point, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Turning Point. To buy Turning Point stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Turning Point. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Turning Point stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Turning Point Brands stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Turning Point Brands stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Turning Point Brands, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Turning Stock please use our How to Invest in Turning Point guide.
Already Invested in Turning Point Brands?
The danger of trading Turning Point Brands is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Turning Point is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Turning Point. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Turning Point Brands is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Turning Point Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Turning Point's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Turning Point Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Turning Point Brands Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Turning Point Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Turning Stock analysis
When running Turning Point's price analysis, check to measure Turning Point's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turning Point is operating at the current time. Most of Turning Point's value examination focuses on studying past and present price action to predict the probability of Turning Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turning Point's price. Additionally, you may evaluate how the addition of Turning Point to your portfolios can decrease your overall portfolio volatility.
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Is Turning Point's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turning Point. If investors know Turning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turning Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 0.26 | Earnings Share 2.01 | Revenue Per Share 23.062 | Quarterly Revenue Growth (0.06) |
The market value of Turning Point Brands is measured differently than its book value, which is the value of Turning that is recorded on the company's balance sheet. Investors also form their own opinion of Turning Point's value that differs from its market value or its book value, called intrinsic value, which is Turning Point's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turning Point's market value can be influenced by many factors that don't directly affect Turning Point's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turning Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turning Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turning Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.