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

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

A number of other research firms also recently commented on CURV. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. The Goldman Sachs Group cut their target price on shares of Torrid from $2.25 to $1.75 and set a “sell” rating for the company in a research report on Monday, September 8th. Telsey Advisory Group cut their target price on shares of Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a research report on Thursday, August 28th. Finally, Bank of America cut their target price 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. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Torrid currently has an average rating of “Hold” and an average target price of $3.69.

Torrid Stock Down 2.3%

Shares of NYSE CURV opened at $1.89 on Friday. Torrid has a twelve month low of $1.62 and a twelve month high of $7.19. The firm has a market cap of $186.94 million, a P/E ratio of 47.14, a PEG ratio of 1.94 and a beta of 1.56. The company has a 50 day moving average of $2.38 and a 200 day moving average of $4.23.

Torrid (NYSE:CURV) last posted its earnings results on Thursday, September 4th. The company reported $0.02 EPS 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 company had revenue of $262.81 million during the quarter, compared to the consensus estimate of $259.38 million. During the same period last year, the firm posted $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of Torrid stock in a transaction 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 transaction, the insider owned 58,295,694 shares in the company, valued at approximately $193,541,704.08. The trade was a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Fund 1 Investments, Llc sold 250,000 shares of Torrid stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $2.74, for a total transaction of $685,000.00. Following the transaction, the insider owned 9,814,856 shares in the company, valued at approximately $26,892,705.44. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,538,741 shares of company stock valued at $54,611,499 in the last 90 days. Company insiders own 9.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CURV. Northern Trust Corp lifted its stake in shares of Torrid by 38.7% during the 4th quarter. Northern Trust Corp now owns 189,580 shares of the company’s stock valued at $992,000 after buying an additional 52,891 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Torrid by 4,794.2% during the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock valued at $2,215,000 after buying an additional 414,942 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock valued at $59,000 after buying an additional 4,013 shares in the last quarter. State of Wyoming purchased a new position in shares of Torrid during the 4th quarter valued at $570,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Torrid during the 4th quarter valued at $80,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.