Tilray Brands, Inc. (NASDAQ:TLRY) Receives $13.33 Consensus PT from Analysts

Tilray Brands, Inc. (NASDAQ:TLRY) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.3333.

Several research analysts have commented on the stock. Roth Mkm lowered their price target on shares of Tilray Brands from $20.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Wall Street Zen cut shares of Tilray Brands from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tilray Brands in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group began coverage on Tilray Brands in a research note on Tuesday, January 27th. They issued a “hold” rating on the stock.

Tilray Brands Stock Performance

Shares of TLRY opened at $6.89 on Wednesday. The stock has a 50-day simple moving average of $8.08 and a 200-day simple moving average of $10.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.72 and a current ratio of 2.81. The stock has a market capitalization of $802.75 million, a PE ratio of -0.31 and a beta of 1.96. Tilray Brands has a 1 year low of $3.51 and a 1 year high of $23.20.

Tilray Brands (NASDAQ:TLRY) last released its earnings results on Thursday, January 8th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.12. The firm had revenue of $217.51 million for the quarter, compared to analyst estimates of $211.15 million. Tilray Brands had a negative net margin of 251.69% and a negative return on equity of 6.35%. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, analysts predict that Tilray Brands will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tilray Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC purchased a new position in shares of Tilray Brands during the fourth quarter worth approximately $38,000. Engineers Gate Manager LP purchased a new stake in Tilray Brands in the 4th quarter valued at $126,000. Oppenheimer & Co. Inc. purchased a new stake in Tilray Brands in the 3rd quarter valued at $25,000. Silverlake Wealth Management LLC acquired a new stake in Tilray Brands during the 3rd quarter worth $25,000. Finally, Unified Investment Management acquired a new stake in Tilray Brands during the 3rd quarter worth $26,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

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.