TURNING POINT BRANDS INC (TPB)
Consumer Staples · Tobacco Products · NYSE
A diversified manufacturer of tobacco and nicotine products navigating the evolving regulatory landscape of the consumer staples sector.
What TURNING POINT BRANDS INC does
Turning Point Brands is a manufacturer and marketer of branded consumer products, including tobacco, nicotine, and other related products. The company's portfolio spans traditional tobacco products, like cigars and loose-leaf chewing tobacco, as well as modern nicotine delivery products and accessories.
Themes: tobacco / nicotine products, consumer staples, nicotine delivery systems, regulated consumer goods
Fundamentals
- Price$64.61 as of 2026-10-21 close
- Market cap$1.3B as of 2026-07-28 (share count; price 2026-10-21)
- 1-year return-24.3% 2025-10-21 close $85.37 → 2026-10-21 close $64.61
- P/E28.09 as of 2026-10-21
- ROE+15.6% FY2025, SEC XBRL
- ROIC+18.8% NOPAT / (debt + equity - cash), average capital — 10-K FY2025 (year ended 2025-12-31)
- Debt / equity0.65 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue CAGR (3y)+12.6% SEC XBRL
- Beta0.61 as of 2026-09-02
- Last reported earnings2026-08-04 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.5%; at least 4 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How TPB compares in its sector
- price-to-earnings ratiomiddle range 85 covered Consumer Staples peers, as of 2026-10-21
- return on equitymiddle range 106 covered Consumer Staples peers, as of 2026-09-02
- 3-year revenue CAGRtop 25% 109 covered Consumer Staples peers
- indicated dividend yieldbottom 10% 71 covered Consumer Staples peers, as of 2026-09-02
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 110 covered Consumer Staples peers, as of FY2025
Position among covered Consumer Staples companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, TPB's dividend was covered by reported results (earnings payout 9%, free-cash-flow payout 13%). This describes past coverage, not a forecast.
- Earnings payout9% dividends / net income
- Free-cash-flow payout13% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
Quarterly results
| Quarter | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|
| Q2 FY2026 2026-06-30 | $94M | $17M | $4M | — | $26M† | $88000† |
| Q1 FY2026 2026-03-31 | $68M | $12M | $12M | — | -$22M | $5M |
| Q4 FY2025 2025-12-31 | $68M† | $20M† | $8M† | $0.41† | $25M† | $3M† |
| Q3 FY2025 2025-09-30 | $70M | $26M | $21M | $1.13 | $3M† | $4M† |
| Q2 FY2025 2025-06-30 | $67M | $26M | $14M | $0.79 | $12M† | $4M† |
| Q1 FY2025 2025-03-31 | $60M | $23M | $14M | $0.79 | $17M | $2M |
| Q4 FY2024 2024-12-31 | $52M | $18M | $2M | $0.13 | $18M† | $1M† |
| Q3 FY2024 2024-09-30 | $50M | $21M | $12M | $0.68 | $13M† | $658000† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$268M
- Total debt$294M borrowings only; leases excluded
- Net debt$26M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How TURNING POINT BRANDS INC looks technically
TURNING POINT BRANDS INC (TPB) is trading 27.3% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 122 trading days ago — a "death cross", a bearish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 43, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 55, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-09-18, pushing above its recent trading range. It is 56.0% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 27.3% below its 200-day average, the long-term trend line — a long-term downtrend | -27.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $70.17 | $70.17 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $88.84 | $88.84 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 122 trading days ago — a "death cross", a bearish long-term signal | 122 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 43, with buyers in control | 42.7 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 55, neither overbought (above 70) nor oversold (below 30) | 54.7 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($54.17 to $66.30) — its "stochastic" reading is 86 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 86.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 11 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $146.90 | $146.90 |
|---|---|---|
| From the 52-week high | it is 56.0% below its 52-week high (its highest price of the past year) | -56.0% |
| Above the 52-week low | it is 19.3% above its 52-week low (its lowest price of the past year) | +19.3% |
| Below the 52-week high | it is 56.0% below its highest point of the past year | 56.0% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-09-18, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day low about 7 trading days ago | 7 sessions |
| All-time high | its highest closing price on record is $146.90 (set on 2026-02-26) | $146.90 |
| Given back of the 52-week move | over the past year its closes ranged ($55.25 to $142.98), and it has recovered only a small part of its fall from last year’s high — 11% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $109.47 to $112.27. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 10.7% |
| From the all-time high | it is 56.0% below its all-time high | -56.0% |
| Nearest price level | it is trading 2.1% below a resistance level at $65.99 — a price it turned at twice since 2024-12-05, most recently on 2026-04-01. Since 2024-10-21 it has 3 such levels below the current price and 12 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.1% |
| All-time low | its lowest closing price on record is $6.46 (set on 2016-06-16) | $6.46 |
| Above the all-time low | it is 899.8% above its all-time low | +899.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 37th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.78 between its high and its low — about 4.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.78 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $53.55 and $64.72 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $53.55 – $59.14 – $64.72 |
| Typical daily range (% of price) | its price moves about 4.3% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.3% |
| Stretch from the 200-day average | it is trading 8.7 daily ranges below its 200-day average price (27.3% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 8.7 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.20× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 8 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 8 sessions ago |
|---|---|---|
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
2
| Open gap | it gapped 4.2% below the previous close 22 sessions ago and has not traded back through the level it left behind at 68.14 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -4.2% |
|---|---|---|
| Gap filled | a 6.9% gap up opened on 2026-08-04 has been "filled" 55 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 55 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +4.9% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 5.4 percentage points (the stock gained 5.4% while the market lost 0.1%) | +5.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 22.1 percentage points (the stock lost 18.8% while the market gained 3.3%) | -22.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 18.3 percentage points (the stock lost 8.5% while the market gained 9.8%) | -18.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 39.5 percentage points (the stock lost 24.3% while the market gained 15.2%) | -39.5% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive, a strong uptrend, with buyers in control — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought), trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 17% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-15 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.2% of the share price. | -16.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 25% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $85.64 — a volume-weighted average of daily closes over 197 sessions, not a true tick-by-tick VWAP. | -24.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 6% below the average price paid since it last reported on 2026-08-04 (its 10-Q), so the typical buyer over that stretch is under water. That average is $68.73 — a volume-weighted average of daily closes over 56 sessions, not a true tick-by-tick VWAP. | -6.0% |
Price levels it has turned at before
TPB last closed at $64.61 on 2026-10-21. Since 2024-10-21 it has turned at 3 prices below its last close and 12 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $65.99 | Resistance | 2.1% above the last close | turned there twice · 2024-12-05 to 2026-04-01 |
| $60.48 | Support | 6.4% below the last close | turned there twice · 2025-03-24 to 2025-04-03 |
| $70.42 | Resistance | 9.0% above the last close | turned there five times · 2025-02-18 to 2026-07-23 |
| $72.72 | Resistance | 12.5% above the last close | turned there twice · 2025-03-03 to 2025-06-12 |
| $56.39 | Support | 12.7% below the last close | turned there four times · 2024-12-23 to 2025-03-21 |
| $54.31 | Support | 15.9% below the last close | turned there three times · 2025-01-13 to 2026-10-14 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Trading below the 50-day moving average · Pulled back from the 12-month high · Broke out to a new 20-day high · in a strong, established uptrend (ADX) · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$118.50 range $90.00 – $140.00; median $120.50
Analyst estimates, as of 2026-10-20. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for TPB
- Consensus EPS estimate$0.3167 next reporting period, as of 2026-10-20
- Estimate change, 30 days-$0.02583 (-7.5%) from $0.3425, on 2026-09-15, 35-day window
- Readings revised upward0% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Substantial and increasing regulation by the U.S. FDA, including potential marketing denials and changing enforcement priorities.","Dependence on a limited number of third-party suppliers and producers.","Significant product liability litigation and declining secular trends in the overall tobacco industry."]
What changed in the latest 10-Q
AI-assisted comparison of TPB's 10-Q filed 2026-05-08 against the prior one filed 2025-11-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Added 'Recent Developments' section (filed 2026-05-08) detailing February 20, 2026 U.S. Supreme Court ruling on IEEPA tariffs, including $17.9 million in tariffs paid by Company, CBP's CAPE system launched April 20, 2026, and uncertainty regarding potential refunds
- Added reference to 'our next-generation products' in Overview section (filed 2026-05-08)
- Changed OTP industry performance description from 'low-single-digit consumer unit annualized declines during the year ended December 31, 2024' to 'flat consumer unit annualized growth during the full year period ended 2025' (filed 2026-05-08)
- Changed retail locations description from '200,000 U.S. retail locations which, with the addition of retail stores in Canada, brings our total North American retail presence to an estimated 220,000 points of distribution' to 'approximately 220,000 retail locations in North America' (filed 2026-05-08)
- Changed growth opportunities language from 'We believe there are meaningful opportunities to grow through investing in organic growth, acquisitions and joint ventures' to 'We believe there are meaningful opportunities to expand through investing in organic growth via acquisitions and joint ventures' (filed 2026-05-08)
- Removed:
- Removed reference to 'December 31, 2024' Form 10-K and changed to 'December 31, 2025' (filed 2026-05-08)
- Removed reference to 'three and nine months ended September 30, 2024' and changed to 'three months ended March 31, 2025' (filed 2026-05-08)
- Removed 'Discontinued Operations' section describing January 2, 2025 contribution of SBB/CDS to GWO joint venture (filed 2026-05-08)
- Removed reference to 'Management Science Associates, Inc.' full name, now shows only 'MSAi' (filed 2026-05-08)
- Removed language 'approximately' before '600 secondary, indirect wholesalers' (filed 2026-05-08)
- Reworded:
- Changed 'and positively evolving' to comma format in alternative smoking accessories market description (filed 2026-05-08)
- Changed 'category expansions, and acquisitions' to 'category expansions and acquisitions' removing Oxford comma (filed 2026-05-08)
- Notes:
- The newer filing covers Q1 2026 (period ended March 31, 2026) while older filing covers Q3 2025 (period ended September 30, 2025), representing different quarterly periods
- Text appears truncated in both versions at 'feder' and 'tarif' respectively, limiting full comparison of Operations and Key Factors sections
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-18. The 4 days since 2026-10-18 have not been checked yet.
- Last 180 days · read to 2026-10-180 buys · 1 sell ($366680) — 1 selling insider
Most recent open-market transaction: 2026-05-12. Based on Form 4 filings read through 2026-10-18; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TPB's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding TPB as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 2,436,465
- Reported value $206,667,530
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about TPB's institutional holders → See what each manager we track holds →
Short interest (FINRA)
TPB had 3,179,764 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
TPB had 15.9% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.8 days to cover at the same settlement.
- Reported short interest (shares) 3,179,764
- Short interest (% of shares outstanding) 15.9%
- Prior settlement (shares) 3,014,216
- Reported change 5.49%
- Days to cover (reported) 5.8
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Altria Group (MO)
- Philip Morris International (PM)
- British American Tobacco
- Vector Group (VGR)
- Imperial Brands
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does TURNING POINT BRANDS INC (TPB) do?
Turning Point Brands is a manufacturer and marketer of branded consumer products, including tobacco, nicotine, and other related products. The company's portfolio spans traditional tobacco products, like cigars and loose-leaf chewing tobacco, as well as modern nicotine delivery products and accessories.
What sector is TURNING POINT BRANDS INC (TPB) in?
TURNING POINT BRANDS INC (TPB) is classified in the Consumer Staples sector. Its industry is Tobacco Products. It trades on NYSE.
Does TPB pay a dividend?
Yes — TURNING POINT BRANDS INC (TPB) pays a dividend, with an indicated yield of about 0.47% and at least 4 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-02). Informational only — not financial advice.
Who are TURNING POINT BRANDS INC's (TPB) competitors?
Notable peers of TURNING POINT BRANDS INC (TPB) include Altria Group, Philip Morris International, British American Tobacco, Vector Group and Imperial Brands. This peer set is informational only — not financial advice.
Is TURNING POINT BRANDS INC (TPB) overbought or oversold right now?
TURNING POINT BRANDS INC (TPB) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 55, in the neutral middle (as of 2026-10-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TPB come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.