Torrid (NYSE:CURV) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Torrid (NYSE:CURV - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01, Zacks reports. The company had revenue of $265.97 million for the quarter, compared to analyst estimates of $270.95 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. 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, hitting $4.90. 714,624 shares of the company's stock were exchanged, compared to its average volume of 386,907. The business has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $5.47. The stock has a market capitalization of $511.20 million, a price-to-earnings ratio of 32.67, a PEG ratio of 1.03 and a beta of 1.78. Torrid has a 52-week low of $2.18 and a 52-week high of $9.14.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CURV. Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 price target on shares of Torrid in a research note on Monday. The Goldman Sachs Group cut shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective for the company. in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Torrid presently has an average rating of "Hold" and an average price target of $4.75.

Hedge Funds Weigh In On Torrid

An institutional investor recently raised its position in Torrid stock. Rhumbline Advisers grew its stake in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,886 shares of the company's stock after buying an additional 4,673 shares during the period. Rhumbline Advisers' holdings in Torrid were worth $120,000 at the end of the most recent reporting period. Institutional investors own 81.82% of the company's stock.

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.