Torrid (NYSE:CURV – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04, Briefing.com reports. Torrid had a negative return on equity of 5.41% and a net margin of 1.01%. The company had revenue of $293.54 million for the quarter, compared to analysts’ expectations of $276.20 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The business’s revenue was down 2.6% compared to the same quarter last year. Torrid updated its FY 2024 guidance to EPS and its Q1 2024 guidance to EPS.
Torrid Price Performance
Shares of NYSE CURV traded up $0.29 during trading on Friday, reaching $4.88. 181,179 shares of the stock traded hands, compared to its average volume of 75,324. Torrid has a 52-week low of $1.21 and a 52-week high of $6.86. The company has a 50-day moving average of $4.70 and a 200-day moving average of $3.92. The stock has a market capitalization of $508.01 million, a P/E ratio of 48.80 and a beta of 2.01.
Insider Activity
In other news, Director Valeria Rico Nikolov sold 25,380 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $5.62, for a total transaction of $142,635.60. Following the transaction, the director now owns 51,457 shares of the company’s stock, valued at approximately $289,188.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.23% of the company’s stock.
Institutional Trading of Torrid
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CURV. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target on shares of Torrid in a research report on Monday. B. Riley started coverage on Torrid in a research note on Thursday, February 8th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Torrid from $2.00 to $4.00 and gave the stock an “equal weight” rating in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Torrid has a consensus rating of “Hold” and a consensus price target of $3.80.
Get Our Latest Research Report on Torrid
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 and Torrid Curve 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.
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