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

Torrid (NYSE:CURV) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other equities research analysts also recently commented on the company. The Goldman Sachs Group reduced their price objective on Torrid from $2.25 to $1.75 and set a “sell” rating for the company in a report on Monday, September 8th. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Bank of America cut their price objective on Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, September 5th. Telsey Advisory Group cut their price target on Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, August 28th. Finally, Morgan Stanley cut their price target on Torrid from $2.00 to $1.60 and set an “underweight” rating for the company in a research note on Thursday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Torrid has a consensus rating of “Reduce” and a consensus target price of $3.09.

Torrid Trading Down 1.9%

Shares of Torrid stock opened at $1.84 on Monday. The business has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $4.08. The firm has a market capitalization of $181.98 million, a P/E ratio of 45.89, a P/E/G ratio of 2.79 and a beta of 1.56. Torrid has a 12 month low of $1.62 and a 12 month high of $7.19.

Torrid (NYSE:CURV) last posted its quarterly earnings data 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 1.69%. The company had revenue of $262.81 million for the quarter, compared to the consensus estimate of $259.38 million. During the same period last year, the business earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Torrid will post 0.14 earnings per share for the current year.

Insider Transactions at Torrid

In related news, major shareholder Fund 1 Investments, Llc sold 250,000 shares of Torrid stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $2.74, for a total transaction of $685,000.00. Following the completion of the sale, the insider owned 9,814,856 shares in the company, valued at $26,892,705.44. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of Torrid 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 sale, the insider directly owned 58,295,694 shares of the company’s stock, valued at $193,541,704.08. This represents a 21.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,538,741 shares of company stock worth $54,611,499. 9.77% of the stock is currently owned by insiders.

Institutional Trading of Torrid

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of Torrid by 38.7% in the fourth quarter. Northern Trust Corp now owns 189,580 shares of the company’s stock valued at $992,000 after acquiring an additional 52,891 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Torrid by 4,794.2% in the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock valued at $2,215,000 after purchasing an additional 414,942 shares in the last quarter. Nuveen LLC bought a new stake in shares of Torrid in the 1st quarter valued at about $221,000. Nomura Holdings Inc. raised its holdings in shares of Torrid by 19.5% in the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock valued at $17,835,000 after purchasing an additional 531,713 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in 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 in the last quarter. 81.82% of the stock is currently owned by 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.