Torrid (NYSE:CURV) Upgraded at Wall Street Zen

Key Points

• Torrid (NYSE:CURV) was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, although analysts at Morgan Stanley set a lower target price of $1.60 with an "underweight" rating.
• The company's stock is currently trading at $1.75, with a market cap of $173.05 million and a price-to-earnings ratio of 43.64, while insiders have recently sold shares, indicating potential concerns about its performance.
• Institutional investors hold 81.82% of Torrid's stock, showing strong institutional interest despite mixed ratings from analysts, including one "buy," two "hold," and three "sell" ratings.

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

Several other equities analysts have also commented on the company. Morgan Stanley dropped their target price on Torrid from $2.00 to $1.60 and set an "underweight" rating for the company in a research note on Thursday, September 18th. Bank of America dropped their price objective on shares of Torrid from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, September 5th. Weiss Ratings reissued a "sell (d)" rating on shares of Torrid in a research report on Saturday, September 27th. The Goldman Sachs Group lowered their target price on shares of Torrid from $2.25 to $1.75 and set a "sell" rating for the company in a report on Monday, September 8th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Torrid in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $3.09.

Torrid Stock Performance

CURV stock traded up $0.01 during trading on Friday, hitting $1.75. The stock had a trading volume of 262,282 shares, compared to its average volume of 1,089,760. The stock has a market cap of $173.05 million, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 2.68 and a beta of 1.51. The company's 50 day moving average price is $2.08 and its two-hundred day moving average price is $3.85. Torrid has a 1-year low of $1.62 and a 1-year high of $7.19.

Torrid (NYSE:CURV - Get Free Report) last issued 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). The firm had revenue of $262.81 million for the quarter, compared to analysts' expectations of $259.38 million. Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.During the same quarter last year, the firm earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Torrid

In other Torrid news, insider Ashlee Wheeler sold 16,959 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $1.78, for a total value of $30,187.02. Following the completion of the transaction, the insider owned 107,443 shares in the company, valued at $191,248.54. This represents a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paula Dempsey sold 26,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $1.76, for a total transaction of $45,760.00. Following the completion of the transaction, the chief financial officer owned 145,361 shares of the company's stock, valued at $255,835.36. This trade represents a 15.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.85% of the company's stock.

Institutional Investors Weigh In On Torrid

Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG bought a new position in shares of Torrid in the 1st quarter worth about $68,000. Two Sigma Advisers LP acquired a new stake in Torrid during the fourth quarter worth about $80,000. Kapitalo Investimentos Ltda bought a new position in Torrid in the first quarter worth about $95,000. Creative Planning boosted its stake in Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company's stock valued at $110,000 after acquiring an additional 11,641 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock valued at $120,000 after purchasing an additional 4,673 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.