Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report)’s stock price dropped 1.6% during mid-day trading on Wednesday. The company traded as low as $3.70 and last traded at $3.72. 3,254,090 shares were traded during trading, a decline of 23% from the average daily volume of 4,203,233 shares. The stock had previously closed at $3.78.
Tilray Brands News Roundup
Here are the key news stories impacting Tilray Brands this week:
- Positive Sentiment: BrewDog reported strong early retail momentum under Tilray’s ownership. Sales of Punk IPA and Hazy Jane across its six largest off-trade retailers were reportedly 2.87 times the year-ago level for the comparable two-week period. BrewDog also added more than 9,000 UK distribution points and eight on-trade partnerships, including agreements with Underbelly and Leicester Tigers. BrewDog Rallies Beer Lovers Across the UK to Choose Craft
- Positive Sentiment: BrewDog received additional recognition at the Scottish Beer Awards, with Hazy Jane Tropical and Krush Test Dummy winning gold medals. The awards and new product launches could strengthen brand visibility and support Tilray’s beverage strategy. BrewDog’s Winning Streak Rolls on with Gold at the Scottish Beer Awards
- Neutral Sentiment: Analysts expect Tilray’s fiscal first-quarter revenue to increase, making the upcoming report the immediate catalyst. Investors will focus on whether revenue growth translates into improved margins, cash flow and a narrower loss.
- Neutral Sentiment: Curaleaf’s increased bid for Aurora Cannabis highlights renewed cannabis-sector consolidation and possible regulatory benefits from Schedule III tax changes. Tilray’s earnings may be viewed as a broader sector indicator, although the deal does not directly improve Tilray’s results. Curaleaf’s Higher Aurora Bid Raises the Stakes in Cannabis Consolidation
- Negative Sentiment: Tilray remains in a pronounced downtrend and is trading close to its all-time low, signaling weak investor confidence ahead of earnings. Tilray Brands Stock Analysis Ahead of Earnings
- Negative Sentiment: TD Securities lowered its price target to C$6.50 while maintaining a Buy rating. The target reduction reinforces concerns about near-term upside, even though the analyst remains constructive on the longer-term outlook. Tilray Brands: TD Cuts Target to C$6.50, Maintains Buy Rating
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 21st. TD Cowen cut their target price on shares of Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. ATB Cormark Capital Markets decreased their price target on shares of Tilray Brands from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, September 21st. Finally, Zacks Research cut Tilray Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.38.
Tilray Brands Stock Performance
The company has a market cap of $505.30 million, a PE ratio of -3.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.37 and a current ratio of 2.21. The firm’s 50 day moving average is $4.32 and its 200-day moving average is $5.07.
Tilray Brands (NASDAQ:TLRY – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.42). The business 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, research analysts anticipate that Tilray Brands, Inc. will post -0.42 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Carl Merton acquired 10,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $4.62 per share, with a total value of $46,200.00. Following the completion of the purchase, the chief financial officer owned 139,753 shares of the company’s stock, valued at approximately $645,658.86. This represents a 7.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 15,000 shares of company stock worth $69,225 over the last quarter. Insiders own 1.60% 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 the company. BlackRock Inc. acquired a new stake in Tilray Brands during the second quarter worth $2,073,000. Swiss National Bank increased its position in shares of Tilray Brands by 4.1% during the 1st 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 buying an additional 11,894 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 39,801 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Tilray Brands in the 2nd quarter valued at approximately $381,000. Institutional investors and hedge funds own 9.35% of the company’s stock.
About Tilray Brands
Tilray Brands, Inc is a global consumer packaged goods company focused on cannabis, beverage alcohol, wellness and consumer products. The company develops, produces, distributes and markets a range of cannabis products, including dried flower, pre-rolls, vapes, edibles and medical cannabis products, subject to applicable regulations in the markets it serves.
Tilray also operates beverage alcohol businesses, including craft beer, spirits and other alcoholic beverages. Its portfolio has included brands such as SweetWater Brewing Company, Montauk Brewing Company and Breckenridge Distillery.
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