Torrid (NYSE:CURV - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01, Zacks reports. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The firm had revenue of $265.97 million during the quarter, compared to the consensus estimate of $270.95 million. Torrid updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.
Torrid Trading Down 1.6%
CURV stock traded down $0.08 during trading on Friday, reaching $4.90. The stock had a trading volume of 714,624 shares, compared to its average volume of 388,248. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14. The company has a market capitalization of $511.20 million, a P/E ratio of 32.67, a PEG ratio of 1.03 and a beta of 1.78. The firm has a fifty day moving average price of $5.45 and a 200 day moving average price of $5.48.
Hedge Funds Weigh In On Torrid
A hedge fund recently raised its stake in Torrid stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 338.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,039 shares of the company's stock after purchasing an additional 37,850 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Torrid were worth $269,000 as of its most recent filing with the SEC. 81.82% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have weighed in on CURV. The Goldman Sachs Group downgraded Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price target for the company. in a report on Tuesday, April 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price target on shares of Torrid in a research report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $4.75.
Check Out Our Latest Stock Report on Torrid
About Torrid
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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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