Torrid Holdings Inc. (NYSE:CURV) – Investment analysts at William Blair cut their FY2022 earnings per share estimates for Torrid in a research note issued on Monday, January 10th. William Blair analyst D. Carden now expects that the company will earn $1.05 per share for the year, down from their prior estimate of $1.13. William Blair also issued estimates for Torrid’s Q4 2022 earnings at $0.03 EPS, Q1 2023 earnings at $0.15 EPS, Q4 2023 earnings at $0.09 EPS and FY2024 earnings at $1.04 EPS.
Torrid (NYSE:CURV) last posted its quarterly earnings data on Tuesday, December 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.06). The business had revenue of $306.24 million for the quarter, compared to analysts’ expectations of $311.36 million. The company’s quarterly revenue was up 13.4% compared to the same quarter last year.
CURV opened at $9.51 on Thursday. The business’s fifty day moving average price is $13.65. Torrid has a 1 year low of $8.06 and a 1 year high of $33.19.
A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new stake in Torrid in the 3rd quarter valued at about $28,145,000. Lord Abbett & CO. LLC bought a new stake in shares of Torrid during the third quarter valued at about $23,809,000. FIL Ltd bought a new stake in shares of Torrid during the third quarter valued at about $13,418,000. BlackRock Inc. bought a new stake in shares of Torrid during the third quarter valued at about $9,158,000. Finally, Millennium Management LLC bought a new stake in shares of Torrid during the third quarter valued at about $8,950,000. Institutional investors and hedge funds own 14.48% of the company’s stock.
Torrid Company Profile
Torrid Holdings Inc focuses on operating as a holding company for Torrid Parent Inc that operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid and Torrid Curve brand names. It is involved in the sale of tops, bottoms, dresses, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.
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