Tilray Brands (NASDAQ:TLRY) saw its stock price drop 4.6% during mid-day trading on Thursday, November 12, 2026. The shares hit a low of $2.47 and closed at $2.49, with trading volume at 3,702,314 shares, down 14% from the average session volume of 4,289,471 shares. The previous close was at $2.61.
Analysts have recently adjusted their ratings and price targets for Tilray Brands. Wall Street Zen downgraded the stock from a "hold" to a "sell" rating on August 1st. ATB Cormark Capital Markets reduced their price target from $8.00 to $6.00 and maintained a "hold" rating on September 21st. Zacks Research downgraded the stock from a "hold" to a "strong sell" on September 29th. TD Securities upgraded the stock to a "strong-buy" rating on July 31st but later lowered their price target from $4.70 to $4.50 and changed the rating to "buy" on October 5th. The current average rating among analysts is "hold" with an average target price of $5.90.
The company reported its quarterly earnings on October 8th, with an EPS of ($0.02), beating estimates of ($0.18) by $0.16. Revenue for the quarter was $257.15 million, slightly below the estimated $266.26 million. Tilray Brands has a market cap of $368.00 million, a PE ratio of -1.78, and a beta of 2.04. The company's current ratio is 1.88, quick ratio is 1.11, and debt-to-equity ratio is 0.17. The 50-day moving average is $3.48, and the 200-day moving average is $5.25.
Institutional investors have been active in adjusting their positions. BlackRock Inc. acquired a new stake valued at $2,073,000 in the second quarter. Swiss National Bank increased its holdings by 4.1% in the first quarter, now owning 230,503 shares worth $1,491,000. UBS AM raised its holdings by 6.1% in the second quarter, now owning 208,229 shares worth $935,000. Dimensional Fund Advisors LP increased its position by 82.9% in the first quarter, now owning 87,803 shares worth $568,000. Legal & General Group Plc purchased a new stake worth about $381,000 in the second quarter. Institutional investors now own 9.35% of the company's stock.