Tilray Brands (NASDAQ:TLRY) Shares Up 5.3% – What’s Next?

Tilray Brands, Inc. (NASDAQ:TLRY) shares were up 5.3% during mid-day trading on Thursday . The company traded as high as $4.25 and last traded at $4.20. 7,787,848 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 4,300,223 shares. The stock had previously closed at $3.99.

More Tilray Brands News

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

• Positive Sentiment: Unusual options activity provided a bullish trading signal: investors purchased 23,521 TLRY call options, approximately 82% above the stock’s typical daily call volume. This suggests increased speculative interest in further gains.
• Positive Sentiment: Jefferies reiterated its Buy rating, saying Tilray is making progress in its transition toward a diversified consumer-products company. The firm’s view supports the potential for longer-term value from Tilray’s cannabis, beverage and other businesses. Tilray Brands seen creating long-term value through diversified platform, Jefferies says
• Neutral Sentiment: Southern Glazer’s Wine & Spirits completed its acquisition of substantially all of Eagle Rock Distributing’s Colorado assets. The transaction could be relevant to Tilray’s beverage-distribution strategy if it affects industry relationships, but the announcement did not directly identify Tilray or quantify an impact on its results. Southern Glazer’s Wine & Spirits Closes Acquisition of Eagle Rock Distributing Co.
• Negative Sentiment: Jefferies lowered its price target to $19 and reduced fiscal 2027 and 2028 EBITDA estimates after Tilray’s guidance for fiscal 2027 adjusted EBITDA of $68 million to $75 million came in below the roughly $84 million consensus estimate. The lower forecasts highlight continuing profitability concerns.
• Negative Sentiment: Tilray remains in a prolonged downtrend, having lost substantial value this year alongside other cannabis stocks. Its weak recent momentum and history of quarterly losses remain risks despite the current rebound. Tilray Brands stock continues its downward spiral

Analysts Set New Price Targets

A number of research firms have recently weighed in on TLRY. Wall Street Zen cut Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday. TD Securities raised shares of Tilray Brands to a “strong-buy” rating in a research note on Friday. TD Cowen decreased their price target on Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.00.

Tilray Brands Trading Up 8.1%

The firm’s 50 day moving average is $4.67 and its two-hundred day moving average is $6.26. The company has a quick ratio of 1.66, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. The stock has a market cap of $529.14 million, a price-to-earnings ratio of -4.20 and a beta of 1.89.

Tilray Brands (NASDAQ:TLRY) last announced its earnings results on Tuesday, July 28th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.42). Tilray Brands had a negative return on equity of 7.76% and a negative net margin of 13.11%.The company had revenue of $281.71 million for the quarter, compared to the consensus estimate of $246.30 million. Equities analysts anticipate that Tilray Brands, Inc. will post -0.34 EPS for the current year.

Institutional Trading of Tilray Brands

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in Tilray Brands in the 3rd quarter worth $518,000. Hillsdale Investment Management Inc. acquired a new position in Tilray Brands during the 4th quarter worth $4,855,000. National Bank of Canada FI boosted its holdings in Tilray Brands by 334.5% during the third quarter. National Bank of Canada FI now owns 43,445 shares of the company’s stock valued at $75,000 after acquiring an additional 33,446 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Tilray Brands by 33.8% during the third quarter. Integrated Wealth Concepts LLC now owns 36,977 shares of the company’s stock valued at $64,000 after acquiring an additional 9,341 shares during the period. Finally, Marex Group plc acquired a new stake in shares of Tilray Brands in the second quarter valued at about $40,000. 9.35% of the stock is owned by institutional investors.

Tilray Brands Company Profile

Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.

Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.