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

by · The Markets Daily

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

CURV has been the subject of several other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered their price objective on shares of Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a research report on Monday, October 6th. 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. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Finally, Telsey Advisory Group lowered their price objective 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $3.03.

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Torrid Stock Performance

CURV opened at $1.45 on Friday. The company has a 50-day moving average of $1.91 and a 200-day moving average of $3.55. The company has a market capitalization of $143.29 million, a P/E ratio of 36.13, a PEG ratio of 2.61 and a beta of 1.51. Torrid has a 1-year low of $1.42 and a 1-year high of $7.19.

Torrid (NYSE:CURV – Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $262.81 million during 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 firm posted $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In other Torrid news, CFO Paula Dempsey sold 26,000 shares of the company’s stock in a transaction dated 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 owned 145,361 shares in the company, valued at approximately $255,835.36. This represents a 15.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 107,443 shares of the company’s stock, valued at approximately $191,248.54. This trade represents a 13.63% decrease in their position. The disclosure for this sale can be found here. 5.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Torrid

A number of institutional investors have recently made changes to their positions in CURV. Deutsche Bank AG acquired a new stake in shares of Torrid in the 1st quarter worth approximately $68,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Torrid in the 1st quarter worth approximately $95,000. Creative Planning lifted its stake 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 acquiring an additional 11,641 shares during the period. Rhumbline Advisers lifted its stake in shares of Torrid by 27.1% in the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after acquiring an additional 4,673 shares during the period. Finally, State of Wyoming lifted its stake in shares of Torrid by 17.3% in the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock worth $132,000 after acquiring an additional 6,580 shares during the period. 81.82% of the stock is owned by institutional investors and hedge funds.

Torrid Company Profile

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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.

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