Wall Street Zen Upgrades Torrid (NYSE:CURV) to Hold

Wall Street Zen upgraded shares of Torrid (NYSE:CURV) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other equities research analysts have also commented on the company. Bank of America reduced their price target on Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. The Goldman Sachs Group decreased their target price on shares of Torrid from $2.25 to $1.75 and set a “sell” rating for the company in a research report on Monday, September 8th. BTIG Research restated a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a research note on Saturday, September 27th. Finally, Morgan Stanley lowered their target price on shares of Torrid from $2.00 to $1.60 and set an “underweight” rating for the company in a research note on Thursday, September 18th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.09.

Torrid Stock Performance

Shares of NYSE CURV opened at $1.75 on Friday. The firm has a 50 day moving average price of $2.08 and a two-hundred day moving average price of $3.82. The stock has a market cap of $173.05 million, a P/E ratio of 43.64, a price-to-earnings-growth ratio of 2.69 and a beta of 1.51. Torrid has a 52-week low of $1.62 and a 52-week high of $7.19.

Torrid (NYSE:CURV) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $262.81 million for the quarter, compared to analyst estimates of $259.38 million. Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.During the same quarter last year, the firm posted $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Torrid

In other Torrid news, CFO Paula Dempsey sold 26,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $1.76, for a total value of $45,760.00. Following the completion of the sale, the chief financial officer directly owned 145,361 shares in the company, valued at approximately $255,835.36. This trade represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ashlee Wheeler sold 16,959 shares of Torrid stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $1.78, for a total transaction of $30,187.02. Following the completion of the sale, the insider directly owned 107,443 shares of the company’s stock, valued at approximately $191,248.54. This trade represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.77% of the company’s stock.

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after buying an additional 4,673 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Torrid by 19.3% during the first quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock valued at $221,000 after acquiring an additional 6,532 shares in the last quarter. State of Wyoming increased its holdings in shares of Torrid by 17.3% during the second quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after acquiring an additional 6,580 shares in the last quarter. Creative Planning raised its position in shares of Torrid by 45.4% during the second quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after purchasing an additional 11,641 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Torrid in the 1st quarter worth $68,000. 81.82% of the stock is owned by institutional investors.

Torrid Company Profile

Torrid Holdings Inc operates in women’s plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.