Torrid (NYSE:CURV) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Torrid (NYSE:CURV) from a sell rating to a hold rating in a research note released on Friday.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group reduced their price target on Torrid from $1.75 to $1.50 and set a “sell” rating on the stock in a report on Monday, October 6th. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Morgan Stanley cut their price target on shares of Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a report on Thursday, September 18th. William Blair downgraded shares of Torrid from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 23rd. Finally, Bank of America lowered their price objective on shares of Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Torrid presently has an average rating of “Reduce” and a consensus target price of $3.03.

Torrid Trading Down 1.6%

Shares of CURV opened at $1.27 on Friday. Torrid has a twelve month low of $1.10 and a twelve month high of $7.19. The company’s fifty day simple moving average is $1.43 and its 200-day simple moving average is $2.68. The company has a market cap of $125.95 million, a P/E ratio of 31.76, a P/E/G ratio of 4.61 and a beta of 1.48.

Torrid (NYSE:CURV) last issued its quarterly 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). The firm had revenue of $262.81 million for the quarter, compared to the consensus estimate of $259.38 million. Torrid had a net margin of 0.30% and a negative return on equity of 1.69%. During the same quarter in the previous year, the company 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 earnings per share for the current fiscal year.

Insider Transactions at Torrid

In other news, insider Ashlee Wheeler sold 16,959 shares of the business’s stock in a transaction dated 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 sale, the insider owned 107,443 shares in the company, valued at approximately $191,248.54. The trade was a 13.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paula Dempsey sold 26,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $1.76, for a total transaction of $45,760.00. Following the transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. Company insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in Torrid during the first quarter valued at about $68,000. Rhumbline Advisers lifted its position in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Torrid by 985.7% during the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after buying an additional 22,030 shares during the last quarter. Creative Planning grew its position in shares of Torrid by 45.4% in the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after buying an additional 11,641 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Torrid in the 1st quarter worth approximately $221,000. 81.82% of the stock is 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.