Torrid (NYSE:CURV) Upgraded to “Hold” 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 published on Sunday morning.

A number of other equities research analysts have also recently issued reports on CURV. BTIG Research reissued a “neutral” rating on shares of Torrid in a research note on Friday, September 5th. Telsey Advisory Group dropped their price target 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. Bank of America lowered their target price on shares of Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Torrid from $2.25 to $1.75 and set a “sell” rating on the stock in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $3.69.

Torrid Price Performance

Shares of NYSE CURV opened at $1.83 on Friday. The stock has a market capitalization of $181.48 million, a price-to-earnings ratio of 45.76, a PEG ratio of 1.87 and a beta of 1.56. Torrid has a 12 month low of $1.62 and a 12 month high of $7.19. The firm’s 50 day simple moving average is $2.34 and its 200-day simple moving average is $4.18.

Torrid (NYSE:CURV) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm 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 period in the previous year, the business earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Torrid will post 0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa M. Harper sold 350,000 shares of Torrid stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $3.32, for a total transaction of $1,162,000.00. Following the transaction, the chief executive officer owned 5,266,453 shares in the company, valued at $17,484,623.96. The trade was a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 250,000 shares of Torrid stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $2.74, for a total value of $685,000.00. Following the transaction, the insider owned 9,814,856 shares in the company, valued at approximately $26,892,705.44. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,538,741 shares of company stock valued at $54,611,499 in the last 90 days. 9.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock worth $59,000 after acquiring an additional 4,013 shares during the period. Rhumbline Advisers raised its holdings in shares of Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after acquiring an additional 4,673 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Torrid by 19.3% during the 1st quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock worth $221,000 after acquiring an additional 6,532 shares during the period. State of Wyoming raised its holdings in shares of Torrid by 17.3% during the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock worth $132,000 after acquiring an additional 6,580 shares during the period. Finally, Creative Planning raised its holdings in shares of Torrid by 45.4% during the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after acquiring an additional 11,641 shares during the period. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.