Ritholtz Wealth Management Decreases Holdings in Torrid Holdings Inc. $CURV

Ritholtz Wealth Management decreased its position in shares of Torrid Holdings Inc. (NYSE:CURV) by 45.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,972 shares of the company’s stock after selling 14,360 shares during the quarter. Ritholtz Wealth Management’s holdings in Torrid were worth $50,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CURV. Deutsche Bank AG purchased a new stake in shares of Torrid during the 1st quarter worth approximately $68,000. Kapitalo Investimentos Ltda purchased a new stake in Torrid in the 1st quarter valued at approximately $95,000. Rhumbline Advisers lifted its stake in Torrid by 27.1% in the 1st 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. Nuveen LLC purchased a new stake in Torrid in the 1st quarter valued at approximately $221,000. Finally, Bank of New York Mellon Corp lifted its stake in Torrid by 19.3% in the 1st quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock valued at $221,000 after buying an additional 6,532 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Wall Street Analyst Weigh In

CURV has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. Wall Street Zen raised Torrid from a “sell” rating to a “hold” rating in a research note on Sunday. Bank of America reduced their target price on Torrid from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Morgan Stanley reduced their target price on Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a research note on Thursday, September 18th. Finally, The Goldman Sachs Group reduced their target price on Torrid from $1.75 to $1.50 and set a “sell” rating on the stock in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $3.03.

Torrid Stock Performance

Shares of CURV opened at $1.47 on Thursday. The stock has a fifty day moving average of $1.87 and a two-hundred day moving average of $3.50. The company has a market capitalization of $145.28 million, a PE ratio of 36.63, a price-to-earnings-growth ratio of 3.35 and a beta of 1.51. Torrid Holdings Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $7.19.

Torrid (NYSE:CURV) last released its quarterly earnings data 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 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 company earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was 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. This represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Paula Dempsey sold 26,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total value 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. The trade was a 15.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.85% of the company’s stock.

Torrid 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.