Brokerages Set Torrid Holdings Inc. (NYSE:CURV) PT at $3.03

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned a consensus recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $3.0250.

A number of brokerages recently commented on CURV. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a report on Monday, October 6th. Telsey Advisory Group lowered their target price on Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. Bank of America reduced their price target on Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Finally, Wall Street Zen upgraded Torrid from a “sell” rating to a “hold” rating in a research note on Sunday.

Insider Activity

In other news, CFO Paula Dempsey sold 26,000 shares of Torrid 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 completion of the transaction, the chief financial officer owned 145,361 shares in the company, valued at approximately $255,835.36. This trade represents a 15.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ashlee Wheeler sold 16,959 shares of Torrid 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 transaction, the insider owned 107,443 shares of the company’s stock, valued at $191,248.54. The trade was a 13.63% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.77% of the company’s stock.

Hedge Funds Weigh In On Torrid

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fund 1 Investments LLC boosted its stake in shares of Torrid by 12.4% in the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after buying an additional 1,150,726 shares during the period. Nomura Holdings Inc. raised 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 acquiring an additional 531,713 shares in the last quarter. Bank of America Corp DE raised its position in shares of Torrid by 191.1% during the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock worth $5,657,000 after acquiring an additional 1,258,934 shares in the last quarter. Shay Capital LLC raised its position in shares of Torrid by 40.4% during the 2nd quarter. Shay Capital LLC now owns 434,359 shares of the company’s stock worth $1,281,000 after acquiring an additional 125,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Torrid by 15.1% during the 2nd quarter. Geode Capital Management LLC now owns 413,370 shares of the company’s stock worth $1,220,000 after acquiring an additional 54,199 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Torrid Price Performance

Shares of Torrid stock opened at $1.51 on Wednesday. The business has a 50-day moving average of $1.88 and a 200 day moving average of $3.51. Torrid has a 12 month low of $1.40 and a 12 month high of $7.19. The stock has a market capitalization of $149.25 million, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 2.57 and a beta of 1.51.

Torrid (NYSE:CURV) last announced 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 net margin of 0.30% and a negative return on equity of 1.69%. The firm had revenue of $262.81 million for the quarter, compared to analysts’ expectations of $259.38 million. During the same quarter last year, the business earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Torrid will post 0.14 earnings per share for the current year.

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.