Tilray Brands (NASDAQ:TLRY) Trading Down 5.1% – Here’s Why

Tilray Brands, Inc. (NASDAQ:TLRY) shares were down 5.1% on Wednesday . The stock traded as low as $6.06 and last traded at $6.14. Approximately 5,561,215 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 3,666,924 shares. The stock had previously closed at $6.47.

Key Headlines Impacting Tilray Brands

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

• Positive Sentiment: Record revenue and international cannabis momentum: Tilray reported Q3 net revenue of roughly $206–207M (≈+11% organic), driven by a 73% increase in international cannabis revenue and strong flower volume growth — a core top-line win that beat consensus. Tilray Q3 press release
• Positive Sentiment: Beverage brand expansion and partnerships: Tilray is expanding its beverages business (Shock Top new high‑ABV beer) and announced a Popsicle-branded RTD alcoholic beverage partnership, plus the BrewDog acquisition to scale international craft beverages — strategic growth drivers for non-cannabis revenue. Partnership/coverage article
• Neutral Sentiment: Earnings call color and guidance: Management released Q3 results and a call transcript that reiterated progress on international expansion and beverage strategy; the company reaffirmed FY26 guidance but investors are parsing margins and segment trends. Earnings call transcript
• Negative Sentiment: Profitability and EPS confusion: Although revenue beat, results showed a reported loss per some outlets (Zacks flagged a $0.24 loss vs. est. $0.14), and margin pressure in cannabis and beverages raised concern that top-line strength isn’t yet translating into consistent profit improvements. Zacks coverage
• Negative Sentiment: Analyst downgrade and lower price targets: TD Cowen and other outlets lowered expectations / price targets after the print, signaling reduced near‑term upside and prompting selling pressure. Analyst note
• Negative Sentiment: Market reaction — sell-off despite beat: Several market writeups explain why shares fell: investors focused on mixed margin trends, EPS surprises/interpretation, and lower analyst sentiment, leading to heavier volume and a pullback after an initial premarket pop. Deep-dive on sell-off

Wall Street Analyst Weigh In

Several brokerages recently commented on TLRY. Roth Mkm reduced their target price on shares of Tilray Brands from $20.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tilray Brands in a report on Wednesday, January 21st. Zacks Research upgraded shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. TD Cowen reduced their price objective on Tilray Brands from $10.00 to $7.00 and set a “buy” rating for the company in a report on Monday. Finally, Wall Street Zen raised Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.75.

Tilray Brands Price Performance

The stock has a market capitalization of $715.37 million, a price-to-earnings ratio of -0.28 and a beta of 1.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.72 and a current ratio of 2.81. The company has a fifty day simple moving average of $7.42 and a two-hundred day simple moving average of $10.28.

Tilray Brands (NASDAQ:TLRY) last released its earnings results on Thursday, January 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.12. Tilray Brands had a negative return on equity of 6.35% and a negative net margin of 251.69%.The company had revenue of $217.51 million for the quarter, compared to analyst estimates of $211.15 million. During the same period in the prior year, the firm posted ($0.03) EPS. As a group, equities research analysts expect that Tilray Brands, Inc. will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tilray Brands

Hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC acquired a new position in shares of Tilray Brands in the 4th quarter valued at approximately $169,000. Voloridge Investment Management LLC bought a new position in Tilray Brands in the fourth quarter valued at approximately $824,000. Polymer Capital Management US LLC bought a new position in Tilray Brands in the fourth quarter valued at approximately $1,058,000. Engineers Gate Manager LP acquired a new position in Tilray Brands during the fourth quarter valued at approximately $126,000. Finally, Schonfeld Strategic Advisors LLC raised its position in Tilray Brands by 4.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 144,358 shares of the company’s stock valued at $1,304,000 after purchasing an additional 6,182 shares in the last quarter. 9.35% of the stock is owned by institutional investors.

About Tilray Brands

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.