Tilray Brands (NASDAQ:TLRY) Shares Down 1.4% After Analyst Downgrade

Tilray Brands, Inc. (NASDAQ:TLRY) was down 1.4% during mid-day trading on Friday after Canaccord Genuity Group lowered their price target on the stock from $4.50 to $4.00. Canaccord Genuity Group currently has a hold rating on the stock. Tilray Brands traded as low as $3.39 and last traded at $3.54. Approximately 5,584,117 shares were traded during trading, an increase of 32% from the average session volume of 4,240,514 shares. The stock had previously closed at $3.59.

Other equities research analysts have also issued research reports about the company. ATB Cormark Capital Markets lowered their price objective on Tilray Brands from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, September 21st. TD Cowen decreased their price target on Tilray Brands from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. TD cut their price objective on Tilray Brands from $4.70 to $4.50 and set a “buy” rating for the company in a research report on Monday. TD Securities raised Tilray Brands to a “strong-buy” rating in a report on Friday, July 31st. Finally, Wall Street Zen lowered shares of Tilray Brands from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Tilray Brands presently has an average rating of “Hold” and an average target price of $5.90.

Insider Activity

In other news, CFO Carl Merton purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $4.62 per share, with a total value of $46,200.00. Following the purchase, the chief financial officer directly owned 139,753 shares of the company’s stock, valued at $645,658.86. The trade was a 7.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have purchased 15,000 shares of company stock worth $69,225. 1.60% of the stock is currently owned by company insiders.

More Tilray Brands News

Here are the key news stories impacting Tilray Brands this week:

• Positive Sentiment: Tilray reported fiscal Q1 2027 revenue of approximately $257.1 million, up 23% year over year, while gross profit increased 35% to $77.5 million and gross margin expanded to 30%. The company reaffirmed its fiscal 2027 adjusted EBITDA outlook of $68 million to $75 million. Tilray Brands Q1 Fiscal 2027 Results
• Positive Sentiment: Growth is becoming less dependent on potential U.S. cannabis reform. Beverage revenue rose 82% to about $101 million, BrewDog reached profitability, and EMEA revenue grew 71%, led by medical cannabis and pharmaceutical distribution. Tilray also reduced debt by $42 million during the fiscal year and ended the quarter with a net-cash position. Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
• Neutral Sentiment: Options-market commentary points to expectations for a near-term rebound following earnings, but this represents positioning and sentiment rather than a fundamental improvement. Following Tilray Earnings, Here’s What Comes Next for TLRY Stock
• Negative Sentiment: Tilray posted an adjusted loss of roughly $0.32 per share, worse than the $0.19 consensus loss cited by Zacks, while quarterly revenue fell short of analyst expectations near $266 million. The results renewed concerns about profitability despite strong headline sales growth. Tilray Reports Q1 Loss
• Negative Sentiment: Declining Canadian cannabis sales are weighing on investor confidence, as beverage and international growth have not yet fully offset weakness in Tilray’s core cannabis business. Canaccord Genuity lowered its price target from $4.50 to $4.00 and maintained a Hold rating, signaling limited conviction in a sustained recovery. Tilray Shares Under Pressure as Cannabis Sales Decline

Institutional Trading of Tilray Brands

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Tilray Brands during the 2nd quarter worth approximately $2,073,000. Legal & General Group Plc purchased a new stake in Tilray Brands in the 2nd quarter valued at approximately $381,000. Squarepoint Ops LLC acquired a new stake in Tilray Brands during the 2nd quarter valued at $192,000. Jupiter Topco LLC acquired a new stake in Tilray Brands during the 2nd quarter valued at $188,000. Finally, Hsbc Holdings PLC purchased a new position in Tilray Brands during the second quarter worth $182,000. 9.35% of the stock is currently owned by hedge funds and other institutional investors.

Tilray Brands Stock Performance

The company has a market capitalization of $482.16 million, a price-to-earnings ratio of -3.28 and a beta of 1.91. The stock has a fifty day moving average price of $4.31 and a two-hundred day moving average price of $5.03. The company has a quick ratio of 1.37, a current ratio of 2.21 and a debt-to-equity ratio of 0.22.

Tilray Brands (NASDAQ:TLRY) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.42). The company had revenue of $281.71 million for the quarter, compared to analyst estimates of $246.30 million. Tilray Brands had a negative net margin of 13.11% and a negative return on equity of 7.76%. As a group, analysts forecast that Tilray Brands, Inc. will post -0.48 EPS for the current fiscal year.

About Tilray Brands

Tilray Brands, Inc is a global consumer packaged goods company focused on cannabis, beverage alcohol, wellness and consumer products. The company develops, produces, distributes and markets a range of cannabis products, including dried flower, pre-rolls, vapes, edibles and medical cannabis products, subject to applicable regulations in the markets it serves.

Tilray also operates beverage alcohol businesses, including craft beer, spirits and other alcoholic beverages. Its portfolio has included brands such as SweetWater Brewing Company, Montauk Brewing Company and Breckenridge Distillery.