Torrid (NYSE:CURV) Stock Rating Upgraded by Wall Street Zen

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

Several other analysts have also issued reports on CURV. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Bank of America reduced their price target 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. Telsey Advisory Group reduced 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 report on Thursday, August 28th. Finally, The Goldman Sachs Group reduced their price target 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. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.69.

Torrid Stock Down 2.3%

Shares of NYSE:CURV opened at $1.89 on Friday. The company’s 50 day moving average price is $2.38 and its two-hundred day moving average price is $4.24. Torrid has a 12-month low of $1.62 and a 12-month high of $7.19. The firm has a market cap of $197.96 million, a PE ratio of 47.14, a PEG ratio of 1.96 and a beta of 1.56.

Torrid (NYSE:CURV) last announced 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 business 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 1.72% and a net margin of 0.30%.During the same quarter in the previous year, the company earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Torrid will post 0.14 EPS for the current year.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 257,833 shares of Torrid stock in a transaction dated 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 directly owned 10,064,856 shares in the company, valued at $27,477,056.88. This trade represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of Torrid stock in a transaction dated 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 owned 58,295,694 shares of the company’s stock, valued at $193,541,704.08. This represents a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,538,741 shares of company stock worth $54,611,499 over the last three months. 5.85% of the stock is currently owned by insiders.

Institutional Trading of Torrid

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $59,000 after buying an additional 4,013 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Torrid in the 1st quarter worth $68,000. Two Sigma Advisers LP bought a new position in shares of Torrid in the 4th quarter worth $80,000. Kapitalo Investimentos Ltda bought a new position in shares of Torrid during the 1st quarter valued at $95,000. Finally, Rhumbline Advisers grew 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 valued at $120,000 after purchasing an additional 4,673 shares during the last quarter. 81.82% of the stock is currently 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.