Torrid (NYSE:CURV) Upgraded at Wall Street Zen

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

Several other research firms have also issued reports on CURV. Telsey Advisory Group lowered their target price on shares of Torrid from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. BTIG Research reissued a “neutral” rating on shares of Torrid in a research note on Friday, September 5th. The Goldman Sachs Group lowered their target price on shares of Torrid from $1.75 to $1.50 and set a “sell” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on shares of Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $3.03.

Torrid Stock Performance

NYSE:CURV opened at $1.51 on Friday. Torrid has a one year low of $1.40 and a one year high of $7.19. The firm has a market cap of $149.25 million, a price-to-earnings ratio of 37.63, a PEG ratio of 2.57 and a beta of 1.51. The firm’s fifty day moving average is $1.88 and its two-hundred day moving average is $3.51.

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

Insider Activity

In related news, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 107,443 shares in the company, valued at $191,248.54. This represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paula Dempsey sold 26,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total transaction of $45,760.00. Following the transaction, the chief financial officer owned 145,361 shares of the company’s stock, valued at approximately $255,835.36. This trade represents a 15.17% decrease in their position. The disclosure for this sale can be found here. 9.77% of the stock is owned by corporate insiders.

Institutional Trading of Torrid

A number of hedge funds have recently bought and sold shares of CURV. Bank of America Corp DE raised its holdings in Torrid by 191.1% in the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after acquiring an additional 1,258,934 shares during the last quarter. Fund 1 Investments LLC raised its holdings in Torrid by 12.4% in the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after acquiring an additional 1,150,726 shares during the last quarter. Nomura Holdings Inc. raised its holdings in Torrid by 19.5% in the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock valued at $17,835,000 after acquiring an additional 531,713 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Torrid in the 2nd quarter valued at about $1,106,000. Finally, Shay Capital LLC raised its holdings in Torrid by 40.4% in the 2nd quarter. Shay Capital LLC now owns 434,359 shares of the company’s stock valued at $1,281,000 after acquiring an additional 125,000 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

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.