Torrid Holdings Inc. (NYSE:CURV) Receives $3.09 Consensus PT from Analysts

Torrid Holdings Inc. (NYSE:CURV) has been given an average recommendation of “Reduce” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.0875.

CURV has been the subject of several research analyst reports. Wall Street Zen downgraded Torrid from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group decreased their target price on Torrid from $2.25 to $1.75 and set a “sell” rating on the stock in a research report on Monday, September 8th. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Bank of America decreased their target price 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, Morgan Stanley decreased their target price on Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a research report on Thursday, September 18th.

Torrid Trading Down 1.8%

Shares of NYSE:CURV opened at $1.87 on Friday. Torrid has a 12-month low of $1.62 and a 12-month high of $7.19. The company has a market capitalization of $184.95 million, a PE ratio of 46.64, a PEG ratio of 2.92 and a beta of 1.56. The business has a 50 day moving average of $2.22 and a two-hundred day moving average of $4.02.

Torrid (NYSE:CURV) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $259.38 million. During the same period 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 predict that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 257,833 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $2.73, for a total transaction of $703,884.09. Following the transaction, the insider owned 10,064,856 shares in the company, valued at $27,477,056.88. This trade represents a 2.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paula Dempsey sold 26,000 shares of the stock in a transaction that occurred 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 in the company, valued at $255,835.36. This trade represents a 15.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 550,792 shares of company stock worth $1,464,831 in the last quarter. Corporate insiders own 5.85% of the company’s stock.

Institutional Investors Weigh In On Torrid

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock valued at $59,000 after buying an additional 4,013 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Torrid in the first quarter valued at about $68,000. Two Sigma Advisers LP acquired a new stake in shares of Torrid in the fourth quarter valued at about $80,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Torrid in the first quarter valued at about $95,000. Finally, Rhumbline Advisers raised its position in shares of Torrid by 27.1% in 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. Institutional investors and hedge funds own 81.82% of the company’s stock.

About Torrid

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.