Torrid Holdings Inc. (NYSE:CURV) Given Consensus Rating 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 been given an average rating of "Hold" by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.00.

Several equities research analysts have recently weighed in on the company. BTIG Research assumed coverage on Torrid in a research report on Thursday, June 12th. They issued a "neutral" rating for the company. Telsey Advisory Group decreased their target price on Torrid from $6.00 to $3.00 and set a "market perform" rating for the company in a research report on Thursday.

Torrid Stock Down 0.2%

Shares of NYSE CURV traded down $0.01 on Tuesday, hitting $2.19. The company had a trading volume of 184,030 shares, compared to its average volume of 482,628. Torrid has a 12-month low of $2.08 and a 12-month high of $7.25. The business has a 50 day moving average of $2.66 and a two-hundred day moving average of $4.52. The firm has a market capitalization of $229.47 million, a P/E ratio of 21.85, a PEG ratio of 1.35 and a beta of 1.56.

Torrid (NYSE:CURV - Get Free Report) last issued 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 negative return on equity of 5.31% and a net margin of 0.92%.The company 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. On average, sell-side analysts anticipate that Torrid will post 0.14 earnings per share for the current year.

Insider Transactions at Torrid

In related news, major shareholder Fund 1 Investments, Llc sold 250,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $2.74, for a total value of $685,000.00. Following the completion of the transaction, the insider owned 9,814,856 shares of the company's stock, valued at approximately $26,892,705.44. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $3.32, for a total value of $52,060,614.56. Following the completion of the transaction, the insider directly owned 58,295,694 shares of the company's stock, valued at $193,541,704.08. This represents a 21.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,538,741 shares of company stock valued at $54,611,499 over the last quarter. Company insiders own 9.77% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fund 1 Investments LLC boosted its holdings in Torrid by 12.4% in the second quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company's stock valued at $30,778,000 after purchasing an additional 1,150,726 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Torrid by 19.5% in the first quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company's stock valued at $17,835,000 after purchasing an additional 531,713 shares during the last quarter. Bank of America Corp DE boosted its holdings in Torrid by 191.1% in 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 purchasing an additional 1,258,934 shares during the last quarter. Shay Capital LLC boosted its holdings in Torrid by 140.2% in the fourth quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after purchasing an additional 279,521 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Torrid by 15.1% in the second quarter. Geode Capital Management LLC now owns 413,370 shares of the company's stock valued at $1,220,000 after purchasing an additional 54,199 shares during the last quarter. Hedge funds and other institutional investors 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.