Tilray Brands, Inc. (NASDAQ:TLRY) Given Average Rating of "Hold" by Brokerages

Key Points

• Tilray Brands has an average broker rating of “Hold” from eight covering analysts, with a consensus 1-year target price of $11.50. The ratings mix includes one sell, four holds, and three buys.
• The company reported quarterly EPS of ($0.24), missing analyst expectations, although revenue came in at $206.73 million, slightly above estimates. Analysts currently expect Tilray to post -0.58 EPS for the full fiscal year.
• Recent developments include Tilray expanding its Hi*Ball Energy brand into the U.K. and announcing a limited Bourbon release from Breckenridge Distillery. Meanwhile, an insider sale and mixed institutional activity suggest continued investor caution.

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $11.50.

Several brokerages recently weighed in on TLRY. Wall Street Zen raised shares of Tilray Brands from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Roth Mkm raised shares of Tilray Brands from a "neutral" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Thursday, April 2nd. ATB Cormark Capital Markets reduced their target price on shares of Tilray Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, April 2nd. Weiss Ratings cut shares of Tilray Brands from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, May 13th. Finally, TD Cowen cut their price objective on shares of Tilray Brands from $10.00 to $7.00 and set a "buy" rating on the stock in a report on Monday, March 30th.

Trending Headlines about Tilray Brands

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

• Positive Sentiment: Tilray expanded its Hi*Ball Energy brand into the U.K., selling the drink online through Amazon and BrewDog’s website as part of a broader international rollout. Tilray takes Hi*Ball energy brand to UK
• Positive Sentiment: Tilray’s Breckenridge Distillery announced a limited single-barrel bourbon release, which could help reinforce its premium beverage portfolio and create incremental consumer demand. Breckenridge Distillery Releases Limited Single Barrel Bourbon Collection
• Neutral Sentiment: Tilray also appeared in market roundups highlighting “promising cannabis stocks,” which may reflect ongoing speculative interest in the sector rather than a direct company-specific catalyst. Promising Cannabis Stocks To Follow Now - June 17th
• Neutral Sentiment: BrewDog, part of Tilray, ran a Father’s Day campaign in the U.K., helping keep the company’s beverage brands in the spotlight, though the news is more promotional than financially material. BrewDog Turns Up Father’s Day Across the U.K. with Gift-Ready Beer, Custom Cans and Dads Eat Free

Insiders Place Their Bets

In other Tilray Brands news, Director David G. Hopkinson sold 33,556 shares of the firm's stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $6.94, for a total transaction of $232,878.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.84% of the company's stock.

Institutional Trading of Tilray Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC raised its holdings in Tilray Brands by 110,137.5% during the first quarter. Essential Partners LLC now owns 8,819 shares of the company's stock worth $57,000 after purchasing an additional 8,811 shares in the last quarter. Entropy Technologies LP acquired a new stake in Tilray Brands during the first quarter worth approximately $123,000. Baader Bank Aktiengesellschaft raised its holdings in Tilray Brands by 17.7% during the first quarter. Baader Bank Aktiengesellschaft now owns 47,938 shares of the company's stock worth $293,000 after purchasing an additional 7,226 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Tilray Brands by 82.9% during the first quarter. Dimensional Fund Advisors LP now owns 87,803 shares of the company's stock worth $568,000 after purchasing an additional 39,801 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Tilray Brands by 4.1% during the first quarter. Swiss National Bank now owns 230,503 shares of the company's stock worth $1,491,000 after purchasing an additional 9,100 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company's stock.

Tilray Brands Stock Down 0.4%

Shares of TLRY opened at $4.73 on Friday. The stock has a market capitalization of $551.28 million, a PE ratio of -0.35 and a beta of 1.88. Tilray Brands has a 1 year low of $3.51 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.66 and a current ratio of 2.79. The company's 50-day simple moving average is $5.81 and its 200-day simple moving average is $7.36.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The business had revenue of $206.73 million for the quarter, compared to analyst estimates of $201.35 million. Tilray Brands had a negative return on equity of 3.31% and a negative net margin of 156.51%.During the same period in the prior year, the company posted ($0.87) EPS. Analysts forecast that Tilray Brands will post -0.58 earnings per share for the current fiscal year.

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.

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