Torrid's (CURV) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Torrid's stock has been reaffirmed with a "sell (D)" rating by Weiss Ratings, reflecting a negative outlook on its performance.
• Several analysts have reduced their price targets for Torrid, with Goldman Sachs lowering it from $1.75 to $1.50 in their latest report.
• The company reported earnings of $0.02 EPS for the quarter, missing consensus estimates, and has set its FY 2025 guidance at EPS.

Torrid (NYSE:CURV - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

CURV has been the topic of several other reports. The Goldman Sachs Group lowered their price target on shares of Torrid from $1.75 to $1.50 and set a "sell" rating on the stock in a research note on Monday. Telsey Advisory Group lowered 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 note on Thursday, August 28th. Morgan Stanley lowered their price target on shares of Torrid from $2.00 to $1.60 and set an "underweight" rating on the stock in a research note on Thursday, September 18th. Wall Street Zen upgraded shares of Torrid from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, BTIG Research reiterated 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 given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Torrid has an average rating of "Reduce" and an average target price of $3.03.

Torrid Trading Down 1.6%

Shares of NYSE:CURV traded down $0.03 during midday trading on Wednesday, hitting $1.58. The company had a trading volume of 507,394 shares, compared to its average volume of 664,927. Torrid has a 12 month low of $1.56 and a 12 month high of $7.19. The stock has a market cap of $156.19 million, a price-to-earnings ratio of 39.38, a PEG ratio of 2.86 and a beta of 1.51. The firm has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $3.77.

Torrid (NYSE:CURV - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 previous year, the company posted $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Torrid will post 0.14 EPS for the current fiscal year.

Insider Activity

In related news, insider Ashlee Wheeler sold 16,959 shares of Torrid stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $1.78, for a total transaction of $30,187.02. Following the completion of the sale, the insider owned 107,443 shares of the company's stock, valued at approximately $191,248.54. The trade was a 13.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paula Dempsey sold 26,000 shares of Torrid stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total transaction of $45,760.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 5.85% of the company's stock.

Hedge Funds Weigh In On Torrid

Several institutional investors and hedge funds have recently added to or reduced their stakes in CURV. Deutsche Bank AG acquired a new stake in Torrid in the first quarter worth $68,000. Kapitalo Investimentos Ltda acquired a new stake in Torrid in the first quarter worth $95,000. Creative Planning grew its holdings in Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company's stock worth $110,000 after purchasing an additional 11,641 shares during the period. Rhumbline Advisers lifted its stake in shares of Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock valued at $120,000 after buying an additional 4,673 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Torrid by 17.3% in the second quarter. State of Wyoming now owns 44,628 shares of the company's stock valued at $132,000 after buying an additional 6,580 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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