The Goldman Sachs Group Lowers Torrid (NYSE:CURV) Price Target to $1.50

Key Points

• The Goldman Sachs Group has decreased Torrid's price target from $1.75 to $1.50, maintaining a "sell" rating and suggesting a potential downside of 13.04%.
• Torrid's stock has experienced a 1.4% decline, trading at $1.73 with a market cap of $171.07 million, while insiders have sold shares resulting in decreased ownership.
• A range of analysts have issued various ratings for Torrid, with an overall average rating of "Reduce" and a target price of $3.03.

Torrid (NYSE:CURV - Get Free Report) had its price target dropped by stock analysts at The Goldman Sachs Group from $1.75 to $1.50 in a report issued on Monday,Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's price target would suggest a potential downside of 13.04% from the stock's previous close.

CURV has been the topic of several other research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Torrid in a research report on Saturday, September 27th. Morgan Stanley reduced their target price on Torrid from $2.00 to $1.60 and set an "underweight" rating for the company in a report on Thursday, September 18th. Telsey Advisory Group lowered their price target on Torrid from $6.00 to $3.00 and set a "market perform" rating on the stock in a report on Thursday, August 28th. Bank of America dropped their target price on shares of Torrid from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, September 5th. Finally, Wall Street Zen raised Torrid from a "sell" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Torrid presently has an average rating of "Reduce" and an average target price of $3.03.

Torrid Stock Down 1.4%

NYSE CURV traded down $0.03 on Monday, hitting $1.73. 208,602 shares of the stock were exchanged, compared to its average volume of 506,999. The company has a market cap of $171.07 million, a PE ratio of 43.14, a PEG ratio of 2.69 and a beta of 1.51. The company has a 50-day moving average price of $2.08 and a 200-day moving average price of $3.82. Torrid has a fifty-two week low of $1.62 and a fifty-two week high of $7.19.

Torrid (NYSE:CURV - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The firm had revenue of $262.81 million for the quarter, compared to analyst estimates 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 previous year, the firm posted $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Torrid will post 0.14 EPS for the current fiscal year.

Insider Activity

In other Torrid news, insider Ashlee Wheeler sold 16,959 shares of Torrid stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $1.78, for a total transaction of $30,187.02. Following the sale, the insider directly owned 107,443 shares in the company, valued at $191,248.54. The trade was a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paula Dempsey sold 26,000 shares of the firm's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total transaction of $45,760.00. Following the transaction, the chief financial officer directly owned 145,361 shares of the company's stock, valued at approximately $255,835.36. This represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Torrid

A number of hedge funds and other institutional investors have recently bought and sold shares of CURV. Deutsche Bank AG bought a new position in shares of Torrid during the first quarter worth about $68,000. Two Sigma Advisers LP bought a new position in Torrid during the fourth quarter valued at about $80,000. Kapitalo Investimentos Ltda acquired a new position in shares of Torrid in the 1st quarter worth approximately $95,000. Creative Planning increased its holdings in shares of Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company's stock valued at $110,000 after buying an additional 11,641 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock valued at $120,000 after purchasing an additional 4,673 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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