Torrid’s (CURV) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Torrid (NYSE:CURV) in a research report report published on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $3.00 price target on the stock.

Several other equities research analysts have also weighed in on CURV. William Blair lowered shares of Torrid from an “outperform” rating to a “market perform” rating in a report on Thursday, October 23rd. Wall Street Zen cut shares of Torrid from a “hold” rating to a “sell” rating in a research report on Monday, October 27th. Morgan Stanley dropped their price objective on Torrid from $2.00 to $1.60 and set an “underweight” rating on the stock in a research note on Thursday, September 18th. BTIG Research reiterated a “neutral” rating on shares of Torrid in a report on Friday, September 5th. Finally, Zacks Research raised Torrid from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Torrid presently has an average rating of “Reduce” and an average target price of $3.03.

Torrid Price Performance

CURV opened at $1.27 on Wednesday. The firm has a 50 day simple moving average of $1.43 and a 200 day simple moving average of $2.68. The company has a market cap of $125.95 million, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 4.61 and a beta of 1.48. Torrid has a fifty-two week low of $1.10 and a fifty-two week high of $7.19.

Torrid (NYSE:CURV) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $262.81 million during the quarter, compared to analyst estimates of $259.38 million. Torrid had a net margin of 0.30% and a negative return on equity of 1.69%. During the same period last year, the company earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Torrid will post 0.14 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Paula Dempsey sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were 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 in the company, valued at approximately $255,835.36. This trade represents a 15.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ashlee Wheeler sold 16,959 shares of Torrid stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $1.78, for a total value of $30,187.02. Following the transaction, the insider owned 107,443 shares of the company’s stock, valued at $191,248.54. The trade was a 13.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.85% of the company’s stock.

Institutional Trading of Torrid

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in shares of Torrid by 985.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock worth $42,000 after acquiring an additional 22,030 shares during the period. Rhumbline Advisers boosted its position in Torrid by 30.4% during the third quarter. Rhumbline Advisers now owns 35,384 shares of the company’s stock worth $62,000 after purchasing an additional 8,250 shares during the period. Deutsche Bank AG acquired a new stake in shares of Torrid during the 1st quarter worth about $68,000. Royce & Associates LP boosted its holdings in shares of Torrid by 161.4% during the 3rd quarter. Royce & Associates LP now owns 41,868 shares of the company’s stock worth $73,000 after buying an additional 25,854 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Torrid in the 3rd quarter valued at about $87,000. 81.82% of the stock is owned by institutional investors and hedge funds.

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.