Torrid Holdings Inc. (NYSE:CURV) Receives Average Recommendation of “Reduce” from Brokerages

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

A number of analysts recently weighed in on CURV shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a report on Thursday, September 18th. Telsey Advisory Group decreased their price target on shares of Torrid from $6.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, August 28th. BTIG Research restated a “neutral” rating on shares of Torrid in a research note on Friday, September 5th. Finally, Wall Street Zen lowered Torrid from a “hold” rating to a “sell” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, CFO Paula Dempsey sold 26,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were 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 of the company’s stock, valued at $255,835.36. This represents a 15.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashlee Wheeler sold 16,959 shares of the stock in a transaction on 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 directly owned 107,443 shares in the company, valued at approximately $191,248.54. This represents a 13.63% decrease in their position. The disclosure for this sale can be found here. 9.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Torrid

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares during the last quarter. Bank of New York Mellon Corp grew its position in Torrid by 19.3% during the 1st quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock worth $221,000 after acquiring an additional 6,532 shares during the last quarter. State of Wyoming grew its position in Torrid by 17.3% during 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 last quarter. Creative Planning grew its position in Torrid by 45.4% during 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 last quarter. Finally, Deutsche Bank AG bought a new position in Torrid during the 1st quarter worth approximately $68,000. Institutional investors own 81.82% of the company’s stock.

Torrid Price Performance

Shares of CURV stock opened at $1.52 on Wednesday. Torrid has a 1 year low of $1.48 and a 1 year high of $7.19. The stock has a market capitalization of $150.24 million, a price-to-earnings ratio of 37.88, a PEG ratio of 2.73 and a beta of 1.51. The company’s fifty day simple moving average is $1.95 and its two-hundred day simple moving average is $3.64.

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 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 company had revenue of $262.81 million for the quarter, compared to the consensus estimate of $259.38 million. During the same quarter in the previous year, the firm posted $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 EPS 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.