Tilray Brands (NASDAQ:TLRY) Stock Falls 5.1% on Analyst Downgrade

Posted by George Bondi on Oct 2nd, 2026

Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report)’s stock price traded down 5.1% during trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $3.68 and last traded at $3.75. 7,415,399 shares were traded during trading, an increase of 77% from the average daily volume of 4,198,470 shares. The stock had previously closed at $3.95.

Several other analysts also recently commented on the company. ATB Cormark Capital Markets lowered their price objective on Tilray Brands from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, September 21st. Weiss Ratings lowered Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 21st. Wall Street Zen downgraded shares of Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. TD Securities upgraded shares of Tilray Brands to a “strong-buy” rating in a report on Friday, July 31st. Finally, TD Cowen cut their price target on shares of Tilray Brands from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.00.

Get Our Latest Stock Analysis on Tilray Brands

Insider Transactions at Tilray Brands

In other Tilray Brands news, CFO Carl Merton bought 10,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $4.62 per share, with a total value of $46,200.00. Following the acquisition, the chief financial officer directly owned 139,753 shares of the company’s stock, valued at $645,658.86. The trade was a 7.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 15,000 shares of company stock worth $69,225. 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 made changes to their positions in TLRY. BlackRock Inc. purchased a new position in Tilray Brands during the 2nd quarter valued at about $2,073,000. Swiss National Bank lifted its holdings in shares of Tilray Brands by 4.1% in the first quarter. Swiss National Bank now owns 230,503 shares of the company’s stock worth $1,491,000 after buying an additional 9,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tilray Brands by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,229 shares of the company’s stock valued at $935,000 after acquiring an additional 11,894 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Tilray Brands by 82.9% in the first quarter. Dimensional Fund Advisors LP now owns 87,803 shares of the company’s stock valued at $568,000 after acquiring an additional 39,801 shares during the period. Finally, Legal & General Group Plc purchased a new position in Tilray Brands during the second quarter valued at approximately $381,000. 9.35% of the stock is currently owned by institutional investors.

Tilray Brands Trading Up 0.5%

The firm’s 50 day moving average is $4.34 and its 200 day moving average is $5.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 1.37. The company has a market cap of $488.69 million, a PE ratio of -3.34 and a beta of 1.91.

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

About Tilray Brands

(Get Free Report)

Tilray Brands, Inc is a global consumer packaged goods company headquartered in New York. Its operations span cannabis, beverage alcohol, wellness products and related consumer brands. The company develops, produces, markets and distributes cannabis products, including dried flower, pre-rolls, vapes, concentrates, edibles and medical cannabis, where permitted by local regulations.

Tilray also operates a beverage alcohol platform that includes beer, spirits and other alcoholic beverages.