Torrid (NYSE:CURV) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Torrid (NYSE:CURV) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Other analysts also recently issued reports about the company. The Goldman Sachs Group cut their price objective on Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a research report on Monday, October 6th. Morgan Stanley lowered their price target on shares of Torrid from $2.00 to $1.60 and set an “underweight” rating for the company in a report on Thursday, September 18th. Telsey Advisory Group decreased their target price on Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, August 28th. BTIG Research restated a “neutral” rating on shares of Torrid in a research note on Friday, September 5th. Finally, Zacks Research cut Torrid from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $3.03.

Torrid Stock Down 5.9%

Shares of CURV opened at $1.36 on Monday. Torrid has a 52-week low of $1.34 and a 52-week high of $7.19. The company has a market capitalization of $134.38 million, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.21 and a beta of 1.51. The stock has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $3.35.

Torrid (NYSE:CURV) last issued 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). Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.The company had revenue of $262.81 million during the quarter, compared to analyst estimates of $259.38 million. During the same period last year, the business earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Torrid will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Torrid

In other news, 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 directly owned 145,361 shares in the company, valued at $255,835.36. This represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashlee Wheeler sold 16,959 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $1.78, for a total value of $30,187.02. Following the completion of the sale, the insider owned 107,443 shares in the company, valued at $191,248.54. This represents a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Torrid

Several large investors have recently added to or reduced their stakes in CURV. Deutsche Bank AG purchased a new position in shares of Torrid in the 1st quarter worth about $68,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Torrid during the 1st quarter valued at about $95,000. Creative Planning raised its holdings in shares of Torrid by 45.4% during the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after buying an additional 11,641 shares during the period. Rhumbline Advisers grew its stake in Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after purchasing an additional 4,673 shares in the last quarter. Finally, State of Wyoming grew its stake in Torrid by 17.3% during the 2nd 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 in the last quarter. 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.