BlackRock Inc. Purchases Shares of 1,917,282 Torrid Holdings Inc. $CURV

Key Points

• BlackRock acquired 1.92 million Torrid shares worth approximately $3.6 million, giving it a 1.93% stake. Institutional investors collectively own 81.82% of the company.
• Torrid reported quarterly EPS of $0.05, beating the expected $0.03 loss, while revenue of $231.7 million fell short of the $237.2 million consensus estimate.
• Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $1.81, below the stock’s recent $2.43 price.

BlackRock Inc. purchased a new position in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,917,282 shares of the company's stock, valued at approximately $3,585,000. BlackRock Inc. owned about 1.93% of Torrid as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. lifted its position in Torrid by 94.8% in the 3rd quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company's stock worth $10,908,000 after buying an additional 3,034,083 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Torrid in the first quarter worth approximately $3,560,000. SG Americas Securities LLC bought a new position in Torrid during the first quarter valued at approximately $3,387,000. Bank of America Corp DE grew its position in Torrid by 191.1% during the second quarter. Bank of America Corp DE now owns 1,917,793 shares of the company's stock valued at $5,657,000 after acquiring an additional 1,258,934 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Torrid during the third quarter worth approximately $1,453,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Torrid Stock Performance

Shares of Torrid stock opened at $2.43 on Friday. Torrid Holdings Inc. has a 52-week low of $0.94 and a 52-week high of $2.86. The company's 50 day moving average price is $2.24 and its 200-day moving average price is $1.82. The stock has a market capitalization of $241.83 million, a price-to-earnings ratio of -27.00 and a beta of 0.84.

Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.08. The firm had revenue of $231.73 million for the quarter, compared to the consensus estimate of $237.24 million. As a group, equities research analysts forecast that Torrid Holdings Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CURV shares. Morgan Stanley restated an "equal weight" rating and issued a $1.80 price objective on shares of Torrid in a report on Monday, July 6th. Zacks Research lowered shares of Torrid from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Weiss Ratings reiterated a "sell (d)" rating on shares of Torrid in a research report on Friday, July 17th. BTIG Research reissued a "neutral" rating on shares of Torrid in a research note on Friday, June 5th. Finally, Wall Street Zen raised shares of Torrid from a "sell" rating to a "hold" rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $1.81.

Torrid News Summary

Here are the key news stories impacting Torrid this week:

• Positive Sentiment: Management said sales trends improved meaningfully during the second quarter, with July marking a clear inflection point. The company’s customer-growth agenda and improving momentum helped frame the quarter as a potential turnaround. Torrid Turns a Corner: Strong Rebound in Q2 2026 Driven by Customer Growth Agenda
• Positive Sentiment: Profitability expectations supported the rally: Torrid projected fiscal 2026 adjusted EBITDA of $76 million to $86 million and is targeting $110 million in sales from its sub-brands. Torrid projects FY2026 adjusted EBITDA of $76M-$86M while targeting $110M in sub-brand sales
• Positive Sentiment: Third-quarter revenue guidance of $230 million to $235 million was slightly above the approximately $229.7 million consensus estimate, suggesting near-term sales momentum is holding up. Torrid Reports Second Quarter 2026 Results and Updates Fiscal 2026 Guidance
• Neutral Sentiment: Quarterly results were mixed. Torrid reported $231.7 million in revenue, below the $237.2 million analyst estimate. EPS presentations varied by source: MarketBeat cited $0.05 per share versus expectations for a $0.03 loss, while Zacks reported a $0.04 loss versus a $0.03 expected loss. Torrid Holdings Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Fiscal 2026 revenue guidance of $940 million to $960 million was below the roughly $986.5 million consensus estimate, indicating that the recovery remains uneven and could limit upside if sales do not accelerate. Torrid Holdings Releases Q2 2026 Financial Results

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women's fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company's product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.

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