Tilray Brands (NASDAQ:TLRY) Stock Price Down 1.3% - Here's Why

Key Points

• Tilray shares fell 1.3% to about $6.16 on Friday with trading volume ~4.08M (≈11% below average), leaving the stock below its 50‑day and 200‑day moving averages ($6.92 and $9.12) and a market cap near $718M.
• Wall Street's consensus rating is a Hold with an average target of $11.50 after mixed analyst moves (3 Buy, 4 Hold, 1 Sell); TD Cowen notably cut its price target to $7 while keeping a Buy rating.
• Tilray reported Q1 EPS of -$0.24, missing estimates by $0.10 while revenue of $206.7M beat expectations, but the company has a very negative net margin (~156.5%) and a projected FY EPS around -0.58.

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s share price dropped 1.3% during mid-day trading on Friday . The stock traded as low as $6.06 and last traded at $6.16. Approximately 4,084,272 shares changed hands during trading, a decline of 11% from the average daily volume of 4,566,116 shares. The stock had previously closed at $6.24.

Wall Street Analyst Weigh In

TLRY has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tilray Brands in a research note on Wednesday, January 21st. Zacks Research raised shares of Tilray Brands from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Tilray Brands from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. TD Cowen dropped their price target on shares of Tilray Brands from $10.00 to $7.00 and set a "buy" rating on the stock in a research note on Monday, March 30th. Finally, Canaccord Genuity Group initiated coverage on shares of Tilray Brands in a research note on Tuesday, January 27th. They set a "hold" rating on the stock. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $11.50.

Tilray Brands Stock Performance

The company has a market capitalization of $717.95 million, a price-to-earnings ratio of -0.45 and a beta of 2.00. 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 fifty day simple moving average is $6.92 and its two-hundred day simple moving average is $9.12.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The company 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 business earned ($0.87) earnings per share. Equities research analysts predict that Tilray Brands, Inc. will post -0.58 earnings per share for the current fiscal year.

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 on Tuesday, April 21st. The shares were sold at an average price of $6.94, for a total transaction of $232,878.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TLRY. Tudor Investment Corp ET AL acquired a new position in shares of Tilray Brands in the 3rd quarter valued at about $518,000. Optiver Holding B.V. boosted its holdings in shares of Tilray Brands by 239.4% in the 3rd quarter. Optiver Holding B.V. now owns 224,049 shares of the company's stock valued at $388,000 after buying an additional 158,041 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Tilray Brands by 72.1% in the 3rd quarter. Cresset Asset Management LLC now owns 501,989 shares of the company's stock valued at $868,000 after buying an additional 210,267 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Tilray Brands by 99,204,800.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 992,049 shares of the company's stock valued at $1,716,000 after buying an additional 992,048 shares during the period. Finally, Zuckerman Investment Group LLC acquired a new position in shares of Tilray Brands in the 3rd quarter valued at about $147,000. 9.35% of the stock is owned by institutional investors and hedge funds.

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.

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