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

Wall Street Zen cut shares of Torrid (NYSE:CURV) from a hold rating to a sell rating in a report released on Saturday.

A number of other research analysts have also recently commented on the company. Telsey Advisory Group reduced their price objective on Torrid from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. Bank of America cut their price target 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 cut their price target on Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a research note on Thursday, September 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, October 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of Torrid in a research note on Friday, September 5th. One investment 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. According to MarketBeat.com, Torrid currently has an average rating of “Reduce” and an average price target of $3.03.

Torrid Price Performance

Shares of CURV opened at $1.53 on Friday. The stock’s 50-day moving average is $1.97 and its two-hundred day moving average is $3.65. The stock has a market cap of $151.23 million, a PE ratio of 38.13, a P/E/G ratio of 2.68 and a beta of 1.51. Torrid has a 12 month low of $1.50 and a 12 month high of $7.19.

Torrid (NYSE:CURV) last issued 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 company 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 prior year, the firm earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Torrid will post 0.14 earnings per share for the current year.

Insider Activity

In related news, CFO Paula Dempsey sold 26,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $1.76, for a total value of $45,760.00. Following the completion of the sale, the chief financial officer directly owned 145,361 shares of the company’s stock, valued at $255,835.36. The trade was a 15.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashlee Wheeler sold 16,959 shares of the business’s stock in a transaction dated 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 directly owned 107,443 shares of the company’s stock, valued at approximately $191,248.54. This represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.85% of the stock is owned by insiders.

Institutional Trading of Torrid

Several hedge funds and other institutional investors have recently bought and sold shares of CURV. Deutsche Bank AG bought a new stake in Torrid in the first quarter valued at about $68,000. Kapitalo Investimentos Ltda bought a new stake in Torrid in the first quarter valued at about $95,000. Creative Planning increased its holdings in Torrid by 45.4% in the second 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 last quarter. Rhumbline Advisers grew its holdings in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after purchasing an additional 4,673 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Torrid by 17.3% during 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 last quarter. 81.82% of the stock is owned by 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.