Torrid’s (CURV) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Torrid (NYSE:CURV) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $3.00 target price on the stock.

Other research analysts also recently issued reports about the company. Bank of America reduced their price objective on Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective 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. The Goldman Sachs Group cut their target price on shares of Torrid from $1.75 to $1.50 and set a “sell” rating on the stock in a research report on Monday, October 6th. Finally, BTIG Research restated a “neutral” rating on shares of Torrid in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $3.03.

Torrid Price Performance

CURV stock opened at $1.29 on Wednesday. Torrid has a 12 month low of $1.10 and a 12 month high of $7.19. The firm’s 50-day moving average is $1.45 and its 200 day moving average is $2.72. The company has a market capitalization of $127.43 million, a PE ratio of 32.13, a P/E/G ratio of 4.43 and a beta of 1.48.

Torrid (NYSE:CURV) last issued its 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). Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.The company had revenue of $262.81 million during the quarter, compared to the consensus estimate of $259.38 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Torrid will post 0.14 EPS for the current fiscal year.

Insider Transactions at Torrid

In related news, CFO Paula Dempsey sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $1.76, for a total transaction of $45,760.00. Following the completion of the transaction, the chief financial officer owned 145,361 shares in the company, valued at $255,835.36. The trade was a 15.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashlee Wheeler sold 16,959 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 107,443 shares of the company’s stock, valued at $191,248.54. The trade was a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.85% of the company’s stock.

Hedge Funds Weigh In On Torrid

Large investors have recently made changes to their positions in the business. Deutsche Bank AG acquired a new stake in shares of Torrid in the 1st quarter worth $68,000. Rhumbline Advisers raised its stake in Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Torrid by 985.7% in the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock worth $42,000 after acquiring an additional 22,030 shares in the last quarter. Creative Planning boosted its holdings in Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after acquiring an additional 11,641 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Torrid during the first quarter worth about $221,000. 81.82% of the stock is owned by institutional investors and hedge funds.

About Torrid

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.