The Goldman Sachs Group Has Lowered Expectations for Torrid (NYSE:CURV) Stock Price

Torrid (NYSE:CURV) had its target price cut by equities research analysts at The Goldman Sachs Group from $2.25 to $1.75 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 5.11% from the stock’s current price.

A number of other research firms also recently commented on CURV. Bank of America dropped their price target on shares of Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday. BTIG Research reissued a “neutral” rating on shares of Torrid in a report on Friday. Telsey Advisory Group lowered their price target on 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, Wall Street Zen cut Torrid from a “hold” rating to a “sell” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.69.

Torrid Stock Down 6.5%

Shares of CURV traded down $0.12 during trading hours on Monday, reaching $1.67. 1,279,573 shares of the company traded hands, compared to its average volume of 479,238. Torrid has a 12-month low of $1.65 and a 12-month high of $7.25. The stock has a market capitalization of $174.86 million, a P/E ratio of 41.64, a P/E/G ratio of 1.10 and a beta of 1.56. The business has a fifty day moving average price of $2.48 and a 200-day moving average price of $4.37.

Torrid (NYSE:CURV) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.02 earnings per share (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 analysts’ expectations of $259.38 million. Torrid had a negative return on equity of 1.72% and a net margin of 0.30%.During the same period last year, the firm posted $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Torrid will post 0.14 EPS for the current fiscal year.

Insider Activity

In other Torrid news, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $193,541,704.08. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 250,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $2.74, for a total transaction of $685,000.00. Following the transaction, the insider directly owned 9,814,856 shares of the company’s stock, valued at approximately $26,892,705.44. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,538,741 shares of company stock worth $54,611,499 over the last ninety days. 9.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fund 1 Investments LLC increased its holdings in shares of Torrid by 12.4% in the second quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after purchasing an additional 1,150,726 shares during the last quarter. Nomura Holdings Inc. grew 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 worth $17,835,000 after buying an additional 531,713 shares during the period. Bank of America Corp DE grew its position in Torrid by 191.1% in 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 purchasing an additional 1,258,934 shares during the period. Shay Capital LLC boosted its holdings in Torrid by 140.2% during the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company’s stock worth $2,505,000 after acquiring an additional 279,521 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Torrid by 15.1% in 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. Institutional investors own 81.82% of the company’s stock.

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.