Torrid (NYSE:CURV) Stock Rating Upgraded by Wall Street Zen

Torrid (NYSE:CURV) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

CURV has been the topic of a number of other reports. Telsey Advisory Group decreased their target price on Torrid from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. The Goldman Sachs Group dropped their target price on Torrid from $2.25 to $1.75 and set a “sell” rating for the company in a research report on Monday, September 8th. BTIG Research reissued a “neutral” rating on shares of Torrid in a research note on Friday, September 5th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.69.

Torrid Trading Down 4.5%

Shares of NYSE:CURV opened at $1.83 on Friday. The company has a 50 day moving average of $2.36 and a 200 day moving average of $4.20. The stock has a market cap of $180.99 million, a P/E ratio of 45.64, a P/E/G ratio of 1.94 and a beta of 1.56. Torrid has a 12 month low of $1.62 and a 12 month high of $7.19.

Torrid (NYSE:CURV) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $259.38 million. Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.During the same quarter in the prior year, the company earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Torrid

In related news, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $3.32, for a total value of $52,060,614.56. Following the sale, the insider owned 58,295,694 shares in the company, valued at $193,541,704.08. This represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 257,833 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $2.73, for a total value of $703,884.09. Following the completion of the sale, the insider directly owned 10,064,856 shares in the company, valued at $27,477,056.88. This trade represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,538,741 shares of company stock valued at $54,611,499. Corporate insiders own 9.77% of the company’s stock.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently made changes to their positions in CURV. State of Wyoming boosted its stake in Torrid by 17.3% during the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after purchasing an additional 6,580 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Torrid in the 2nd quarter worth about $1,106,000. Shay Capital LLC raised its position in Torrid by 40.4% in the 2nd quarter. Shay Capital LLC now owns 434,359 shares of the company’s stock worth $1,281,000 after buying an additional 125,000 shares during the last quarter. Fund 1 Investments LLC boosted its holdings in shares of Torrid by 12.4% during the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after acquiring an additional 1,150,726 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Torrid by 191.1% in the second 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 during the period. Hedge funds and other institutional investors 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.