Torrid (NYSE:CURV) Rating Lowered to Strong Sell at Zacks Research

Torrid (NYSE:CURV) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on CURV. Bank of America lowered their price target on 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 reissued a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Morgan Stanley lowered their price target on Torrid from $2.00 to $1.60 and set an “underweight” rating for the company in a research report on Thursday, September 18th. 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, The Goldman Sachs Group lowered their price target on Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $3.03.

Torrid Stock Down 2.3%

Shares of NYSE:CURV opened at $1.47 on Tuesday. The company has a market cap of $145.28 million, a P/E ratio of 36.63, a P/E/G ratio of 3.35 and a beta of 1.51. Torrid has a 52 week low of $1.40 and a 52 week high of $7.19. The business has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $3.50.

Torrid (NYSE:CURV) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $262.81 million during the quarter, compared to analysts’ expectations of $259.38 million. Torrid had a net margin of 0.30% and a negative return on equity of 1.69%. During the same period in the prior year, the firm earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Torrid

In other Torrid news, insider Ashlee Wheeler sold 16,959 shares of the business’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 transaction, the insider owned 107,443 shares in the company, valued at $191,248.54. The trade was a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paula Dempsey sold 26,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total value 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 position. The disclosure for this sale can be found here. Insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CURV. Deutsche Bank AG acquired a new position in shares of Torrid in the first quarter worth about $68,000. Kapitalo Investimentos Ltda acquired a new position in shares of Torrid in the first quarter worth about $95,000. Creative Planning lifted its stake in shares of Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after acquiring an additional 11,641 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after acquiring an additional 4,673 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Torrid by 17.3% in the second quarter. State of Wyoming now owns 44,628 shares of the company’s stock worth $132,000 after acquiring an additional 6,580 shares in the last quarter. Institutional investors and hedge funds 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.