Torrid (NYSE:CURV) Given New $1.60 Price Target at Morgan Stanley

Torrid (NYSE:CURV) had its price objective lowered by Morgan Stanley from $2.00 to $1.60 in a report released on Thursday morning, Marketbeat reports. Morgan Stanley currently has an underweight rating on the stock.

A number of other research firms also recently commented on CURV. Telsey Advisory Group cut 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. Wall Street Zen upgraded Torrid from a “sell” rating to a “hold” rating in a research note on Sunday, September 14th. Bank of America lowered their price objective on Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, September 5th. The Goldman Sachs Group cut 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. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $3.09.

Torrid Stock Up 1.1%

CURV opened at $1.87 on Thursday. The business’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $4.13. Torrid has a 52 week low of $1.62 and a 52 week high of $7.19. The firm has a market cap of $185.45 million, a P/E ratio of 46.76, a PEG ratio of 1.88 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 the consensus estimate of $0.04 by ($0.02). Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.The business had revenue of $262.81 million for the quarter, compared to analysts’ expectations of $259.38 million. During the same quarter last year, the company posted $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Torrid will post 0.14 EPS for the current fiscal year.

Insider Transactions at Torrid

In related 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 value of $1,162,000.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the transaction, the insider owned 9,814,856 shares in the company, valued at $26,892,705.44. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,538,741 shares of company stock valued at $54,611,499. Corporate insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Torrid by 55.9% during the fourth 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 acquired a new stake in shares of Torrid in the first quarter worth about $68,000. Two Sigma Advisers LP acquired a new stake in shares of Torrid in the fourth quarter worth about $80,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Torrid in the first quarter worth about $95,000. Finally, Rhumbline Advisers lifted its position in shares of Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after buying an additional 4,673 shares during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.