Torrid (NYSE:CURV) Upgraded at Wall Street Zen

Key Points

• Torrid's stock rating has been upgraded from a "sell" to a "hold" by Wall Street Zen, reflecting a more positive outlook on the company's performance.
• The average price target for Torrid's stock is currently $3.69, with mixed ratings from analysts—two buy, two hold, and two sell.
• Torrid shares have recently fallen by 2.3%, opening at $1.89, with a 12-month price range from $1.62 to $7.19.

Torrid (NYSE:CURV - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

A number of other equities analysts have also commented on the stock. Telsey Advisory Group dropped their price target on shares of Torrid from $6.00 to $3.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Bank of America dropped their target price on shares of Torrid from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. BTIG Research reaffirmed a "neutral" rating on shares of Torrid in a research report on Friday, September 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Torrid from $2.25 to $1.75 and set a "sell" rating on the stock in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Torrid has an average rating of "Reduce" and a consensus price target of $3.09.

Torrid Trading Up 1.1%

NYSE CURV traded up $0.02 during trading on Friday, reaching $1.87. The company's stock had a trading volume of 850,260 shares, compared to its average volume of 998,901. Torrid has a 1-year low of $1.62 and a 1-year high of $7.19. The stock has a market capitalization of $185.45 million, a PE ratio of 46.76, a PEG ratio of 1.88 and a beta of 1.56. The business has a 50-day moving average price of $2.30 and a 200-day moving average price of $4.13.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings results 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 net margin of 0.30% and a negative return on equity of 1.69%. The firm had revenue of $262.81 million during the quarter, compared to the consensus estimate of $259.38 million. During the same period in the prior year, the business earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Torrid will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Torrid

In other Torrid news, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of the business's stock in a transaction on 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 sale, the insider owned 58,295,694 shares of the company's stock, valued at $193,541,704.08. The trade was a 21.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa M. Harper sold 350,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $3.32, for a total transaction 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 represents 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 valued at $54,611,499 in the last 90 days. 5.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Torrid

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fund 1 Investments LLC boosted its stake in shares of Torrid by 12.4% in the 2nd 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 in the last quarter. Nomura Holdings Inc. boosted its stake in shares of Torrid by 19.5% in the 1st 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of Torrid by 191.1% in 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 purchasing an additional 1,258,934 shares in the last quarter. Shay Capital LLC boosted its stake in shares of Torrid by 40.4% in the 2nd quarter. Shay Capital LLC now owns 434,359 shares of the company's stock valued at $1,281,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Torrid by 15.1% in the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.