Tilray Brands (NASDAQ:TLRY) Shares Down 2.9% – Here’s What Happened

Posted by Francis Steltz on Oct 28th, 2026

Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report)’s share price fell 2.9% on Wednesday. The company traded as low as $2.62 and last traded at $2.69. 4,337,976 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 4,208,672 shares. The stock had previously closed at $2.77.

Analysts Set New Price Targets

A number of research firms have issued reports on TLRY. Zacks Research downgraded Tilray Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 29th. TD cut their price objective on Tilray Brands from $4.70 to $4.50 and set a “buy” rating on the stock in a report on Monday, October 5th. Weiss Ratings lowered Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. TD Securities upgraded Tilray Brands to a “strong-buy” rating in a report on Friday, July 31st. Finally, Wall Street Zen cut Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given 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 a consensus rating of “Hold” and a consensus target price of $5.90.

Check Out Our Latest Stock Analysis on TLRY

Tilray Brands Stock Performance

The stock’s 50 day moving average price is $3.91 and its 200 day moving average price is $5.61. The company has a current ratio of 1.88, a quick ratio of 1.11 and a debt-to-equity ratio of 0.17. The firm has a market cap of $397.56 million, a PE ratio of -1.92 and a beta of 1.91.

Tilray Brands (NASDAQ:TLRY – Get Free Report) last posted its earnings results on Thursday, October 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.16. Tilray Brands had a negative net margin of 16.91% and a negative return on equity of 10.39%. The business had revenue of $257.15 million for the quarter, compared to analyst estimates of $266.26 million. As a group, equities analysts forecast that Tilray Brands, Inc. will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Carl Merton acquired 10,000 shares of Tilray Brands stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $4.62 per share, for a total transaction of $46,200.00. Following the completion of the purchase, the chief financial officer directly owned 139,753 shares in the company, valued at $645,658.86. This trade represents a 7.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought 15,000 shares of company stock valued at $69,225 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Tilray Brands

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Tilray Brands in the second quarter worth about $2,073,000. Swiss National Bank raised its holdings 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 valued at $1,491,000 after buying an additional 9,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Tilray Brands by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,229 shares of the company’s stock worth $935,000 after acquiring an additional 11,894 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Tilray Brands by 82.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 87,803 shares of the company’s stock worth $568,000 after acquiring an additional 39,801 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Tilray Brands in the 2nd quarter worth approximately $381,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Tilray Brands Company Profile

(Get Free Report)

Tilray Brands, Inc is a global consumer packaged goods company operating across the cannabis, beverage alcohol, wellness and distribution sectors. Its cannabis business includes adult-use and medical cannabis products such as dried flower, pre-rolls, vapes, concentrates, edibles and beverages, marketed under brands including Good Supply, RIFF and Broken Coast.

The company also owns and operates beverage alcohol businesses, including SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Co and Blue Point Brewing Company.