Torrid (NYSE:CURV) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Torrid (NYSE:CURV) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

A number of other equities analysts also recently commented on CURV. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. William Blair lowered Torrid from an “outperform” rating to a “market perform” rating in a report on Thursday, October 23rd. Bank of America dropped their price objective on Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Telsey Advisory Group reduced their price objective on Torrid from $6.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, August 28th. Finally, Morgan Stanley lowered their target price on Torrid from $2.00 to $1.60 and set an “underweight” rating for the company in a report on Thursday, September 18th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.03.

Torrid Stock Up 3.2%

Shares of Torrid stock opened at $1.14 on Wednesday. The stock’s fifty day moving average is $1.50 and its two-hundred day moving average is $2.85. Torrid has a 52 week low of $1.10 and a 52 week high of $7.19. The company has a market capitalization of $112.56 million, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.93 and a beta of 1.48.

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

Insider Buying and Selling

In other news, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $1.78, for a total transaction of $30,187.02. Following the transaction, the insider directly owned 107,443 shares of the company’s stock, valued at approximately $191,248.54. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paula Dempsey sold 26,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was 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 of the company’s stock, valued at $255,835.36. The trade was a 15.17% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CURV. Fund 1 Investments LLC boosted its holdings in Torrid by 12.4% in the second quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock worth $30,778,000 after acquiring an additional 1,150,726 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of Torrid by 94.8% during the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after acquiring an additional 3,034,083 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 1,258,934 shares during the last quarter. Vanguard Group Inc. boosted its stake in Torrid by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock worth $2,294,000 after purchasing an additional 153,973 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in Torrid by 10.0% in the 3rd quarter. Citadel Advisors LLC now owns 874,608 shares of the company’s stock worth $1,531,000 after purchasing an additional 79,357 shares in the last quarter. 81.82% of the stock is owned by institutional investors and hedge funds.

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.