Torrid (CURV) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Torrid in the last year. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" CURV shares.
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8 brokers have issued 1-year price targets for Torrid's shares. Their CURV share price forecasts range from $1.50 to $4.00. On average, they predict the company's stock price to reach $2.80 in the next year. This suggests a possible upside of 73.9% from the stock's current price.
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Torrid's stock was trading at $2.96 at the start of the year. Since then, CURV stock has decreased by 45.6% and is now trading at $1.61.
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Torrid saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,680,000 shares, an increase of 37.7% from the August 31st total of 1,220,000 shares. Based on an average daily volume of 145,700 shares, the days-to-cover ratio is currently 11.5 days.
View Torrid's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our CURV earnings forecast.

Torrid Holdings Inc. (NYSE:CURV) released its earnings results on Wednesday, September, 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.05. The company earned $289.14 million during the quarter, compared to the consensus estimate of $286.69 million. Torrid had a net margin of 1.85% and a negative trailing twelve-month return on equity of 9.83%. The business's revenue was down 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share.

Torrid updated its third quarter 2023 earnings guidance on Wednesday, September, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $242.00 million-$251.00 million, compared to the consensus revenue estimate of $262.13 million.

(CURV) raised $156 million in an initial public offering on Thursday, July 1st 2021. The company issued 8,000,000 shares at $18.00-$21.00 per share.

Torrid trades on the New York Stock Exchange (NYSE) under the ticker symbol "CURV."

Torrid's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.82%), Geode Capital Management LLC (0.21%), Bank of New York Mellon Corp (0.17%), Northern Trust Corp (0.15%), Charles Schwab Investment Management Inc. (0.07%) and Renaissance Technologies LLC (0.05%). Insiders that own company stock include Anne Stephenson, Edward L Williams, Elizabeth Munoz, George Wehlitz, Lisa M Harper, Mark Mizicko, Michael Robert Salmon, Sycamore Partners Torrid, LL and Theo Killion.
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Shares of CURV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CURV stock can currently be purchased for approximately $1.61.

Torrid (NYSE:CURV) has a market capitalization of $167.55 million and generates $1.29 billion in revenue each year. The company earns $50.21 million in net income (profit) each year or $0.20 on an earnings per share basis.

The company employs 7,995 workers across the globe.

The official website for the company is www.torrid.com. The company can be reached via phone at 626-667-1002 or via email at ir@torrid.com.