Torrid Holdings Inc. (NYSE:CURV) Given Average Recommendation of "Hold" by Analysts

Key Points

• Torrid Holdings Inc. has received an average analyst recommendation of "Hold" from six rating firms, with a price target of $4.75.
• Insider trading activity shows CEO Lisa M. Harper sold 350,000 shares for $1.16 million, representing a 6.23% decrease in her ownership of the stock.
• Institutional investors and hedge funds own 81.82% of Torrid's stock, with significant recent activity including Nomura Holdings acquiring a new stake valued at about $14.24 million.

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) has earned a consensus recommendation of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.75.

Several equities research analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Torrid in a research note on Thursday, June 12th. They set a "neutral" rating for the company. Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 target price on shares of Torrid in a research note on Monday, June 2nd.

Insider Activity at Torrid

In related news, CEO Lisa M. Harper sold 350,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 5,266,453 shares in the company, valued at $17,484,623.96. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Fund 1 Investments, Llc sold 250,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $2.74, for a total transaction of $685,000.00. Following the completion of the sale, the insider owned 9,814,856 shares of the company's stock, valued at approximately $26,892,705.44. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,538,741 shares of company stock worth $54,611,499 over the last 90 days. Company insiders own 9.77% of the company's stock.

Institutional Investors Weigh In On Torrid

A number of hedge funds have recently added to or reduced their stakes in CURV. Nomura Holdings Inc. acquired a new stake in Torrid in the fourth quarter valued at about $14,240,000. Bank of America Corp DE lifted its position in shares of Torrid by 191.1% during the 2nd 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 period. Fund 1 Investments LLC lifted its position in shares of Torrid by 12.4% during the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company's stock valued at $30,778,000 after acquiring an additional 1,150,726 shares during the period. Hudson Bay Capital Management LP acquired a new stake in shares of Torrid during the 2nd quarter valued at approximately $1,106,000. Finally, Shay Capital LLC lifted its position in shares of Torrid by 140.2% during the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after acquiring an additional 279,521 shares during the period. Institutional investors and hedge funds own 81.82% of the company's stock.

Torrid Stock Performance

Shares of CURV opened at $2.19 on Tuesday. Torrid has a fifty-two week low of $2.08 and a fifty-two week high of $7.25. The company has a market capitalization of $229.99 million, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.41 and a beta of 1.57. The firm has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $4.63.

Torrid (NYSE:CURV - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. The business had revenue of $265.97 million during the quarter, compared to the consensus estimate of $270.95 million. Torrid has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. Equities research analysts forecast that Torrid will post 0.14 EPS for the current year.

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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