Telsey Advisory Group Cuts Torrid (NYSE:CURV) Price Target to $3.00

Torrid (NYSE:CURV) had its price objective reduced by Telsey Advisory Group from $6.00 to $3.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

Separately, BTIG Research started coverage on shares of Torrid in a report on Thursday, June 12th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.00.

Torrid Stock Performance

Shares of CURV stock opened at $2.19 on Thursday. The company has a market capitalization of $229.47 million, a price-to-earnings ratio of 21.85, a PEG ratio of 1.35 and a beta of 1.57. The company has a 50-day simple moving average of $2.66 and a 200 day simple moving average of $4.53. Torrid has a 52 week low of $2.08 and a 52 week high of $7.25.

Torrid (NYSE:CURV) last announced its earnings results on Thursday, June 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $265.97 million during the quarter, compared to the consensus estimate of $270.95 million. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. Torrid has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. Sell-side analysts forecast that Torrid will post 0.14 EPS for the current year.

Insider Activity

In other news, CEO Lisa M. Harper sold 350,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $3.32, for a total value of $1,162,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,266,453 shares in the company, valued at approximately $17,484,623.96. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 257,833 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $2.73, for a total transaction of $703,884.09. Following the completion of the transaction, the insider owned 10,064,856 shares of the company’s stock, valued at $27,477,056.88. The trade was a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,538,741 shares of company stock worth $54,611,499. 5.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Torrid

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fund 1 Investments LLC raised its position in shares of 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 buying an additional 1,150,726 shares in the last quarter. Nomura Holdings Inc. increased its position in Torrid by 19.5% during the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock worth $17,835,000 after purchasing an additional 531,713 shares in the last quarter. Bank of America Corp DE increased its position in Torrid by 191.1% during the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock worth $5,657,000 after purchasing an additional 1,258,934 shares in the last quarter. Shay Capital LLC increased its position in Torrid by 140.2% during the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company’s stock worth $2,505,000 after purchasing an additional 279,521 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Torrid by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 413,370 shares of the company’s stock worth $1,220,000 after purchasing an additional 54,199 shares in the last quarter. 81.82% of the stock is currently 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.