Torrid (NYSE:CURV) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Torrid (NYSE:CURV) from a hold rating to a sell rating in a report published on Monday.

A number of other research firms also recently weighed in on CURV. Bank of America dropped their price target on Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. William Blair downgraded Torrid from an “outperform” rating to a “market perform” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Torrid from $2.00 to $1.60 and set an “underweight” rating for the company in a research note on Thursday, September 18th. Finally, The Goldman Sachs Group lowered their price objective on Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a research note on Monday, October 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Torrid has a consensus rating of “Reduce” and an average price target of $3.03.

Torrid Stock Performance

CURV stock opened at $1.41 on Monday. The stock’s 50 day simple moving average is $1.82 and its 200 day simple moving average is $3.41. Torrid has a fifty-two week low of $1.35 and a fifty-two week high of $7.19. The company has a market cap of $139.33 million, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 3.12 and a beta of 1.51.

Torrid (NYSE:CURV) last posted its quarterly earnings results 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 negative return on equity of 1.69% and a net margin of 0.30%.The firm had revenue of $262.81 million for the quarter, compared to analyst estimates of $259.38 million. During the same period last year, the company posted $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Torrid will post 0.14 earnings per share for the current year.

Insider Activity at Torrid

In other news, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $1.78, for a total value of $30,187.02. Following the completion of the transaction, the insider directly owned 107,443 shares of the company’s stock, valued at $191,248.54. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paula Dempsey sold 26,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 145,361 shares of the company’s stock, valued at approximately $255,835.36. This represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.77% of the company’s stock.

Hedge Funds Weigh In On Torrid

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Torrid by 19.3% in the first quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock worth $221,000 after acquiring an additional 6,532 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of Torrid in the first quarter worth $95,000. Deutsche Bank AG bought a new position in shares of Torrid in the first quarter worth $68,000. Nuveen LLC bought a new position in shares of Torrid in the first quarter worth $221,000. Finally, Nomura Holdings Inc. boosted its holdings in shares of Torrid by 19.5% in the first quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock worth $17,835,000 after acquiring an additional 531,713 shares during the period. 81.82% of the stock is 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.