William Blair Analysts Reduce Earnings Estimates for Torrid Holdings Inc. (NYSE:CURV)

Torrid Holdings Inc. (NYSE:CURVFree Report) – Equities research analysts at William Blair decreased their FY2025 earnings estimates for Torrid in a research note issued on Monday, April 1st. William Blair analyst D. Carden now forecasts that the company will earn $0.19 per share for the year, down from their previous forecast of $0.21. The consensus estimate for Torrid’s current full-year earnings is $0.22 per share.

A number of other equities research analysts also recently weighed in on CURV. Telsey Advisory Group raised their price target on shares of Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Torrid from $2.95 to $5.75 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley raised their price target on shares of Torrid from $2.00 to $4.00 and gave the company an “equal weight” rating in a research note on Friday, December 8th. Finally, B. Riley initiated coverage on shares of Torrid in a research note on Thursday, February 8th. They issued a “buy” rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.39.

Read Our Latest Stock Analysis on CURV

Torrid Trading Down 3.6 %

CURV opened at $4.51 on Wednesday. The company’s 50 day moving average is $4.66 and its 200-day moving average is $4.03. Torrid has a 1-year low of $1.21 and a 1-year high of $6.86. The company has a market cap of $469.49 million, a P/E ratio of 45.10 and a beta of 1.99.

Torrid (NYSE:CURVGet Free Report) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. Torrid had a net margin of 0.99% and a negative return on equity of 5.42%. The business had revenue of $293.54 million for the quarter, compared to the consensus estimate of $276.20 million. During the same period in the prior year, the company posted ($0.04) earnings per share. Torrid’s revenue was down 2.6% compared to the same quarter last year.

Institutional Trading of Torrid

Several hedge funds have recently modified their holdings of the stock. American International Group Inc. grew its position in Torrid by 34.8% in the 1st quarter. American International Group Inc. now owns 9,147 shares of the company’s stock valued at $55,000 after purchasing an additional 2,362 shares during the period. Barclays PLC boosted its holdings in Torrid by 85.9% during the 1st quarter. Barclays PLC now owns 7,292 shares of the company’s stock worth $32,000 after acquiring an additional 3,369 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Torrid by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 72,701 shares of the company’s stock worth $161,000 after acquiring an additional 3,666 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Torrid by 76.7% during the 1st quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock worth $52,000 after acquiring an additional 3,750 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Torrid by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 227,289 shares of the company’s stock worth $991,000 after acquiring an additional 4,475 shares during the last quarter. Institutional investors own 81.82% of the company’s stock.

Insider Activity

In other news, Director Valeria Rico Nikolov sold 25,380 shares of Torrid stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $5.62, for a total value of $142,635.60. Following the completion of the sale, the director now owns 51,457 shares in the company, valued at approximately $289,188.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.23% of the stock is currently owned by company insiders.

Torrid Company Profile

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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 and Torrid Curve 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.

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Earnings History and Estimates for Torrid (NYSE:CURV)

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