Torrid (NYSE:CURV) Earns “Sell (D)” Rating from Weiss Ratings

Torrid (NYSE:CURV)‘s stock had its “sell (d)” rating reissued by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

CURV has been the subject of a number of other reports. The Goldman Sachs Group lowered their price objective on shares of Torrid from $1.75 to $1.50 and set a “sell” rating for the company in a research note on Monday. Wall Street Zen raised shares of Torrid from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Bank of America lowered their price objective on shares of Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, September 5th. Telsey Advisory Group lowered their price objective on shares of Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, August 28th. Finally, BTIG Research reissued a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $3.03.

Torrid Price Performance

NYSE:CURV opened at $1.60 on Wednesday. Torrid has a 1-year low of $1.55 and a 1-year high of $7.19. The company has a 50-day moving average of $2.01 and a 200 day moving average of $3.74. The firm has a market cap of $158.18 million, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51.

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

Insider Activity

In other Torrid news, CFO Paula Dempsey sold 26,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $1.76, for a total transaction 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 approximately $255,835.36. This represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashlee Wheeler sold 16,959 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $1.78, for a total transaction of $30,187.02. Following the sale, the insider directly owned 107,443 shares of the company’s stock, valued at approximately $191,248.54. The trade was a 13.63% 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.

Hedge Funds Weigh In On Torrid

Hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of Torrid during the first quarter valued at about $221,000. Nomura Holdings Inc. increased its holdings in shares of Torrid by 19.5% during the first quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock valued at $17,835,000 after acquiring an additional 531,713 shares in the last quarter. Rhumbline Advisers increased 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 acquiring an additional 4,673 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Torrid by 19.3% during the first quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company’s stock valued at $221,000 after acquiring an additional 6,532 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Torrid during the first quarter valued at about $68,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

About Torrid

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.