Torrid (NYSE:CURV) Raised to “Hold” at Wall Street Zen

Torrid (NYSE:CURV) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Other equities research analysts have also recently issued reports about the company. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Telsey Advisory Group dropped their price objective on shares of Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. The Goldman Sachs Group decreased their target price on shares of Torrid from $2.25 to $1.75 and set a “sell” rating on the stock in a research report on Monday, September 8th. Finally, Bank of America decreased their price objective on shares of Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.69.

Torrid Stock Down 2.3%

Torrid stock opened at $1.89 on Friday. Torrid has a twelve month low of $1.62 and a twelve month high of $7.19. The firm has a 50 day moving average price of $2.38 and a 200-day moving average price of $4.24. The company has a market capitalization of $197.96 million, a P/E ratio of 47.14, a P/E/G ratio of 1.96 and a beta of 1.56.

Torrid (NYSE:CURV) last released its earnings results on Thursday, September 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Torrid had a net margin of 0.30% and a negative return on equity of 1.72%. The company had revenue of $262.81 million for the quarter, compared to the consensus estimate of $259.38 million. During the same period in the prior year, the company earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Torrid will post 0.14 EPS for the current fiscal year.

Insider Transactions at Torrid

In other news, major shareholder Fund 1 Investments, Llc sold 257,833 shares of the company’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 value of $703,884.09. Following the transaction, the insider owned 10,064,856 shares in the company, valued at approximately $27,477,056.88. This represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 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 transaction of $52,060,614.56. Following the transaction, the insider directly owned 58,295,694 shares of the company’s stock, valued at $193,541,704.08. The trade was a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,538,741 shares of company stock worth $54,611,499. Corporate insiders own 5.85% of the company’s stock.

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock worth $59,000 after purchasing an additional 4,013 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Torrid by 27.1% during the first 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 last quarter. Bank of New York Mellon Corp lifted its position in Torrid by 19.3% during the first quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock valued at $221,000 after purchasing an additional 6,532 shares during the last quarter. State of Wyoming lifted its position in Torrid by 17.3% during the second quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after purchasing an additional 6,580 shares during the last quarter. Finally, Creative Planning lifted its position in Torrid by 45.4% during the second quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after purchasing an additional 11,641 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

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.