Torrid Holdings Inc. (NYSE:CURV) Receives Average Rating of "Reduce" from Analysts

Key Points

• Torrid Holdings Inc. has received an average rating of "Reduce" from analysts, with two sell ratings, two holds, and one buy rating, resulting in an average price target of $3.0875.
• CEO Lisa M. Harper and major shareholder Sycamore Partners both sold substantial amounts of stock on June 26th, leading to significant decreases in their respective holdings by 6.23% and 21.20%.
• The company reported earnings of $0.02 per share for the last quarter, missing expectations, and has set fiscal year 2025 guidance with analysts predicting EPS of 0.14.

Shares of Torrid Holdings Inc. (NYSE:CURV - Get Free Report) have received an average rating of "Reduce" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.0875.

A number of brokerages have weighed in on CURV. The Goldman Sachs Group lowered their price objective on Torrid from $2.25 to $1.75 and set a "sell" rating for the company in a research note on Monday, September 8th. Telsey Advisory Group cut 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. BTIG Research reissued a "neutral" rating on shares of Torrid in a report on Friday, September 5th. Bank of America cut their target price on Torrid from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, September 5th. Finally, Wall Street Zen downgraded Torrid from a "hold" rating to a "sell" rating in a research note on Monday.

Torrid Trading Up 6.9%

Shares of Torrid stock traded up $0.13 during trading hours on Friday, reaching $1.94. The stock had a trading volume of 144,454 shares, compared to its average volume of 511,188. The firm has a 50 day simple moving average of $2.26 and a two-hundred day simple moving average of $4.05. The firm has a market capitalization of $191.89 million, a price-to-earnings ratio of 48.39, a P/E/G ratio of 2.79 and a beta of 1.56. Torrid has a 1 year low of $1.62 and a 1 year high of $7.19.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.The firm had revenue of $262.81 million during the quarter, compared to analysts' expectations of $259.38 million. During the same quarter last year, the business earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Torrid will post 0.14 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Fund 1 Investments, Llc sold 257,833 shares of Torrid stock in a transaction 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 approximately $27,477,056.88. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa M. Harper sold 350,000 shares of Torrid stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $3.32, for a total value of $1,162,000.00. Following the sale, the chief executive officer directly owned 5,266,453 shares of the company's stock, valued at approximately $17,484,623.96. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,538,741 shares of company stock worth $54,611,499 in the last three months. 9.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Torrid

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Torrid by 38.7% in the 4th quarter. Northern Trust Corp now owns 189,580 shares of the company's stock valued at $992,000 after purchasing an additional 52,891 shares during the period. Bank of America Corp DE grew its position in Torrid by 4,794.2% during the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company's stock worth $2,215,000 after acquiring an additional 414,942 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after acquiring an additional 4,013 shares during the last quarter. Two Sigma Advisers LP bought a new stake in Torrid during the 4th quarter worth approximately $80,000. Finally, Rhumbline Advisers lifted its holdings in Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock worth $120,000 after buying an additional 4,673 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors.

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.