FY2022 EPS Estimates for Torrid Holdings Inc. (NYSE:CURV) Reduced by Jefferies Financial Group

Torrid Holdings Inc. (NYSE:CURV) – Analysts at Jefferies Financial Group cut their FY2022 EPS estimates for Torrid in a research report issued on Tuesday, January 11th. Jefferies Financial Group analyst C. Tarlowe now forecasts that the company will earn $1.06 per share for the year, down from their previous forecast of $1.16. Jefferies Financial Group also issued estimates for Torrid’s Q1 2023 earnings at $0.23 EPS, Q4 2023 earnings at $0.15 EPS and FY2023 earnings at $1.00 EPS.

CURV has been the topic of several other research reports. The Goldman Sachs Group reduced their price target on shares of Torrid from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cowen reduced their price target on shares of Torrid from $30.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, December 9th. The analyst said its 3Q experienced sales pressure on supply-chain related inventory delays and believes its multiple is likely to contract in near-term. He noted they narrowed FY2021 outlook and its 4Q guidance is lower versus the Street on inflationary headwinds including air freight and potential inventory delays. Telsey Advisory Group reduced their price target on shares of Torrid from $28.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Torrid from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, December 27th. Finally, Zacks Investment Research raised shares of Torrid from a “sell” rating to a “hold” rating in a report on Tuesday, December 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $19.83.

Shares of CURV stock opened at $9.51 on Thursday. Torrid has a one year low of $8.06 and a one year high of $33.19. The stock’s 50-day moving average is $13.65.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Tuesday, December 7th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). The business had revenue of $306.24 million for the quarter, compared to the consensus estimate of $311.36 million. Torrid’s revenue was up 13.4% compared to the same quarter last year.

Several large investors have recently made changes to their positions in CURV. UBS Group AG acquired a new stake in shares of Torrid in the third quarter valued at approximately $36,000. FourThought Financial LLC acquired a new stake in shares of Torrid in the third quarter valued at approximately $54,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Torrid in the third quarter valued at approximately $67,000. SG Americas Securities LLC acquired a new stake in shares of Torrid in the third quarter valued at approximately $105,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Torrid in the third quarter valued at approximately $106,000. Institutional investors own 14.48% of the company’s stock.

About Torrid

Torrid Holdings Inc focuses on operating as a holding company for Torrid Parent Inc that operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid and Torrid Curve brand names. It is involved in the sale of tops, bottoms, dresses, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.

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Earnings History and Estimates for Torrid (NYSE:CURV)

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