Tilray Brands' (TLRY) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Tilray Brands' stock retains a "sell (D-)" rating from Weiss Ratings, despite some analysts providing more positive outlooks.
• The company's latest earnings report showed revenue of $209.50 million, exceeding expectations, along with a slight beat in earnings per share.
• Institutional investors have significantly increased their holdings in Tilray Brands, with KBC Group NV raising its stake by 102.6% in the first quarter.

Tilray Brands (NASDAQ:TLRY - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on the company. Jefferies Financial Group raised their target price on Tilray Brands from $1.50 to $2.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Wall Street Zen raised Tilray Brands from a "strong sell" rating to a "hold" rating in a research report on Saturday, October 11th. Zelman & Associates reissued a "neutral" rating on shares of Tilray Brands in a research report on Tuesday, July 29th. Finally, Atb Cap Markets cut Tilray Brands from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $2.00.

Tilray Brands Stock Performance

NASDAQ:TLRY traded up $0.01 on Friday, hitting $1.49. The stock had a trading volume of 48,250,376 shares, compared to its average volume of 115,543,952. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -0.66 and a beta of 1.98. The company has a quick ratio of 1.56, a current ratio of 2.62 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $1.38 and its two-hundred day simple moving average is $0.82. Tilray Brands has a 52-week low of $0.35 and a 52-week high of $2.32.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.03. The business had revenue of $209.50 million for the quarter, compared to analysts' expectations of $205.75 million. Tilray Brands had a negative return on equity of 6.79% and a negative net margin of 258.54%. As a group, research analysts predict that Tilray Brands will post -0.2 earnings per share for the current year.

Insider Activity at Tilray Brands

In related news, CEO Irwin D. Simon acquired 165,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average price of $0.61 per share, with a total value of $100,650.00. Following the completion of the purchase, the chief executive officer directly owned 3,941,633 shares of the company's stock, valued at $2,404,396.13. This represents a 4.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TLRY. KBC Group NV raised its stake in shares of Tilray Brands by 102.6% in the first quarter. KBC Group NV now owns 77,657 shares of the company's stock worth $51,000 after buying an additional 39,325 shares during the period. Tradewinds Capital Management LLC raised its stake in shares of Tilray Brands by 2,038.6% in the first quarter. Tradewinds Capital Management LLC now owns 73,460 shares of the company's stock worth $48,000 after buying an additional 70,025 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Tilray Brands by 25.8% in the first quarter. Vontobel Holding Ltd. now owns 241,844 shares of the company's stock worth $159,000 after buying an additional 49,643 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Tilray Brands during the 1st quarter valued at approximately $50,000. Finally, Capital Management Associates Inc raised its stake in Tilray Brands by 100.0% during the 1st quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock valued at $33,000 after purchasing an additional 25,380 shares during the period. Institutional investors own 9.35% of the company's stock.

Tilray Brands Company Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.

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