Tilray Brands (NASDAQ:TLRY) Stock Gets Price Target Trim from Canaccord Genuity Group

Tilray Brands (NASDAQ:TLRY) had its price objective trimmed by Canaccord Genuity Group from $4.50 to $4.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. TD Cowen dropped their price target on shares of 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 Securities upgraded shares of Tilray Brands to a “strong-buy” rating in a research note on Friday, July 31st. Weiss Ratings lowered shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 21st. Zacks Research cut shares of Tilray Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 29th. Finally, Wall Street Zen cut shares of Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.90.

Tilray Brands Price Performance

Shares of NASDAQ:TLRY opened at $3.54 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.88 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $482.16 million, a PE ratio of -2.53 and a beta of 1.91. Tilray Brands has a twelve month low of $3.38 and a twelve month high of $20.20. The company has a 50-day moving average price of $4.29 and a two-hundred day moving average price of $5.01.

Tilray Brands (NASDAQ:TLRY) last posted its earnings results on Tuesday, July 28th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.42). Tilray Brands had a negative return on equity of 10.39% and a negative net margin of 16.91%. The business had revenue of $281.71 million during the quarter, compared to analysts’ expectations of $246.30 million. Equities analysts forecast that Tilray Brands will post -0.48 EPS for the current year.

Insider Activity

In other news, CFO Carl Merton purchased 10,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $4.62 per share, with a total value of $46,200.00. Following the completion of the acquisition, the chief financial officer owned 139,753 shares in the company, valued at $645,658.86. This represents a 7.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought 15,000 shares of company stock valued at $69,225 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Tilray Brands

A number of large investors have recently modified their holdings of TLRY. Integrated Wealth Concepts LLC purchased a new position in Tilray Brands during the second quarter valued at approximately $27,000. Essential Partners LLC increased its holdings in Tilray Brands by 110,137.5% during the 1st quarter. Essential Partners LLC now owns 8,819 shares of the company’s stock worth $57,000 after acquiring an additional 8,811 shares during the period. Deutsche Bank AG purchased a new stake in Tilray Brands in the 2nd quarter worth approximately $44,000. Corient Private Wealth LP purchased a new stake in Tilray Brands in the 2nd quarter worth approximately $53,000. Finally, Centaurus Financial Inc. purchased a new stake in Tilray Brands in the 2nd quarter worth approximately $58,000. 9.35% of the stock is currently owned by institutional investors.

Key Headlines Impacting Tilray Brands

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

• Positive Sentiment: Tilray reported record first-quarter revenue of $257.1 million, up 23% year over year, while gross profit rose 35% to $77.5 million and gross margin expanded to 30%. The company also reaffirmed fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million. Tilray Brands fiscal first-quarter results
• Positive Sentiment: Beverage revenue reached $101 million, up 82%, with a 41% gross margin, and BrewDog achieved profitability. EMEA revenue increased 71%, led by medical cannabis, beverage and pharmaceutical distribution, helping diversify Tilray beyond the U.S. cannabis market. Tilray growth without U.S. cannabis reform
• Positive Sentiment: Tilray reduced outstanding debt by $42 million during the fiscal year and ended the quarter with a net cash position, potentially improving financial flexibility.
• Neutral Sentiment: Options-market commentary points to potential near-term upside following the earnings release, but this reflects trading sentiment rather than a change in the company’s fundamentals. Following Tilray earnings
• Negative Sentiment: Tilray posted an adjusted loss of approximately $0.32 per share, worse than the $0.19 consensus loss estimate, while revenue of $257.1 million fell short of the roughly $266.3 million expected. Tilray first-quarter loss and revenue report
• Negative Sentiment: Core cannabis sales weakened, particularly in Canada, raising concerns that Tilray’s record consolidated revenue is increasingly dependent on lower-growth or newly acquired beverage operations. Tilray cannabis sales decline
• Negative Sentiment: Canaccord Genuity lowered its TLRY price target from $4.50 to $4.00 and maintained a Hold rating, signaling limited confidence in a stronger near-term rerating despite the stated upside to the current valuation.

Tilray Brands Company Profile

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.