Brokerages Set Torrid Holdings Inc. (NYSE:CURV) PT at $3.03

Torrid Holdings Inc. (NYSE:CURV) has been given an average rating of “Reduce” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.0250.

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. Morgan Stanley reduced 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, September 18th. Telsey Advisory Group reduced 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. Bank of America reduced their price target on Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, September 5th. Finally, The Goldman Sachs Group reduced their price target on Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a research note on Monday, October 6th.

Torrid Trading Down 1.0%

Shares of NYSE CURV opened at $1.45 on Wednesday. Torrid has a 12 month low of $1.42 and a 12 month high of $7.19. The stock has a 50 day moving average of $1.91 and a 200-day moving average of $3.57. The company has a market capitalization of $143.30 million, a P/E ratio of 36.13, a P/E/G ratio of 2.61 and a beta of 1.51.

Torrid (NYSE:CURV) last issued its earnings results on Thursday, September 4th. The company reported $0.02 EPS 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 the consensus estimate of $259.38 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Torrid will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling at Torrid

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

Institutional Trading of Torrid

A number of institutional investors have recently modified their holdings of the stock. Fund 1 Investments LLC lifted its position in shares of Torrid by 12.4% during the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after acquiring an additional 1,150,726 shares during the period. Nomura Holdings Inc. lifted its position in shares of Torrid by 19.5% during the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock valued at $17,835,000 after acquiring an additional 531,713 shares during the period. Bank of America Corp DE lifted its position in shares of Torrid by 191.1% during the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after acquiring an additional 1,258,934 shares during the period. Shay Capital LLC lifted its position in shares of Torrid by 40.4% during the 2nd quarter. Shay Capital LLC now owns 434,359 shares of the company’s stock valued at $1,281,000 after acquiring an additional 125,000 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Torrid by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 413,370 shares of the company’s stock valued at $1,220,000 after acquiring an additional 54,199 shares during the period. 81.82% of the stock is currently owned by institutional investors.

Torrid Company Profile

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.