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

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

A number of other equities research analysts have also recently issued reports on the company. Bank of America decreased their target price on Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, September 5th. The Goldman Sachs Group cut their price target on Torrid from $2.25 to $1.75 and set a “sell” rating for the company in a report on Monday, September 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a report on Saturday, September 27th. BTIG Research reiterated a “neutral” rating on shares of Torrid in a report on Friday, September 5th. 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 report on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $3.09.

Torrid Stock Up 0.3%

Shares of Torrid stock opened at $1.75 on Friday. The stock has a market capitalization of $173.05 million, a P/E ratio of 43.64, a PEG ratio of 2.69 and a beta of 1.51. The stock has a 50 day moving average price of $2.08 and a two-hundred day moving average price of $3.84. Torrid has a 12-month low of $1.62 and a 12-month high of $7.19.

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 company had revenue of $262.81 million for the quarter, compared to the consensus estimate of $259.38 million. Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.During the same period in the previous year, the company earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Torrid will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Paula Dempsey sold 26,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total value of $45,760.00. Following the completion of the transaction, the chief financial officer directly owned 145,361 shares in the company, valued at approximately $255,835.36. This represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $1.78, for a total value of $30,187.02. Following the completion of the transaction, the insider owned 107,443 shares of the company’s stock, valued at $191,248.54. The trade was a 13.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Deutsche Bank AG acquired a new position in shares of Torrid in the first quarter valued at $68,000. Two Sigma Advisers LP bought a new stake in Torrid in the fourth quarter valued at $80,000. Kapitalo Investimentos Ltda bought a new stake in Torrid in the first quarter valued at $95,000. Creative Planning grew its position in Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after acquiring an additional 11,641 shares during the period. Finally, Rhumbline Advisers grew its position in Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after acquiring an additional 4,673 shares during the period. 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.