Wall Street Zen Upgrades Torrid (NYSE:CURV) to "Hold"

Key Points

• Wall Street Zen has upgraded Torrid (NYSE:CURV) from a "sell" rating to a "hold" rating, signaling a potential stabilization for the stock.
• Despite the upgrade, other analysts like Goldman Sachs and Weiss Ratings maintain a negative outlook, currently setting target prices as low as $1.50 and assigning sell ratings.
• Torrid's stock price recently opened at $1.45, and its market capitalization stands at approximately $143.30 million.

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

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings restated a "sell (d)" rating on shares of Torrid in a research report on Wednesday, October 8th. The Goldman Sachs Group cut their target price on shares of Torrid from $1.75 to $1.50 and set a "sell" rating for the company in a research report on Monday, October 6th. Bank of America cut their target price on shares of Torrid from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, September 5th. Telsey Advisory Group cut their target price on shares of Torrid from $6.00 to $3.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Finally, Morgan Stanley cut their target price on shares of Torrid from $2.00 to $1.60 and set an "underweight" rating for the company in a research report on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $3.03.

Torrid Stock Down 1.0%

Shares of NYSE CURV opened at $1.45 on Friday. Torrid has a 52 week low of $1.42 and a 52 week high of $7.19. The firm has a 50-day moving average price of $1.91 and a 200 day moving average price of $3.56. The stock has a market capitalization of $143.30 million, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 2.61 and a beta of 1.51.

Torrid (NYSE:CURV - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The business had revenue of $262.81 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Torrid will post 0.14 EPS for the current fiscal year.

Insider Transactions at Torrid

In other 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 directly owned 107,443 shares in the company, valued at $191,248.54. The trade was a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 sale, the chief financial officer owned 145,361 shares of the company's stock, valued at approximately $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

A number of institutional investors have recently bought and sold shares of the stock. State of Wyoming grew its holdings in 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 purchasing an additional 6,580 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Torrid in the second quarter valued at approximately $1,106,000. Shay Capital LLC grew its holdings in Torrid by 40.4% in the second 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 during the period. Fund 1 Investments LLC grew its holdings in Torrid by 12.4% in the second 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 during the period. Finally, Bank of America Corp DE grew its holdings in Torrid by 191.1% in the second 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 during the period. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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