Telsey Advisory Group Analysts Increase Earnings Estimates for Torrid Holdings Inc. (NYSE:CURV)
Torrid Holdings Inc. (NYSE:CURV – Free Report) – Equities research analysts at Telsey Advisory Group lifted their FY2025 EPS estimates for Torrid in a report released on Friday, December 8th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.31 per share for the year, up from their prior estimate of $0.28. Telsey Advisory Group has a “Market Perform” rating and a $5.00 price objective on the stock. The consensus estimate for Torrid’s current full-year earnings is $0.04 per share.
Torrid (NYSE:CURV – Get Free Report) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Torrid had a net margin of 1.01% and a negative return on equity of 5.35%. The business had revenue of $275.41 million during the quarter, compared to analysts’ expectations of $245.81 million. During the same period last year, the company posted $0.07 earnings per share. The business’s quarterly revenue was down 8.3% on a year-over-year basis.
Other research analysts have also recently issued research reports about the company. Robert W. Baird cut Torrid from an “outperform” rating to a “neutral” rating and cut their target price for the company from $4.00 to $2.50 in a research report on Thursday, September 7th. The Goldman Sachs Group lowered their target price on shares of Torrid from $3.00 to $2.60 and set a “neutral” rating for the company in a report on Thursday, September 7th. Bank of America cut shares of Torrid to an “underperform” rating in a report on Friday, September 8th. TD Cowen reduced their price objective on shares of Torrid from $3.00 to $1.50 and set a “market perform” rating for the company in a research report on Tuesday, September 19th. Finally, Morgan Stanley lifted their target price on shares of Torrid from $2.00 to $4.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.23.
View Our Latest Research Report on Torrid
Torrid Stock Performance
Shares of Torrid stock opened at $4.84 on Monday. Torrid has a 52 week low of $1.21 and a 52 week high of $5.93. The stock has a 50 day moving average price of $2.93 and a two-hundred day moving average price of $2.58. The stock has a market capitalization of $503.70 million, a PE ratio of 48.40, a price-to-earnings-growth ratio of 9.80 and a beta of 1.86.
Insider Activity
In related news, insider Mark Mizicko bought 225,000 shares of Torrid stock in a transaction on Thursday, September 21st. The stock was acquired at an average price of $1.33 per share, with a total value of $299,250.00. Following the acquisition, the insider now directly owns 2,321,987 shares of the company’s stock, valued at $3,088,242.71. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.23% of the stock is owned by company insiders.
Hedge Funds Weigh In On Torrid
A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Torrid by 85.9% in the 1st quarter. Barclays PLC now owns 7,292 shares of the company’s stock worth $32,000 after buying an additional 3,369 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Torrid in the first quarter valued at $49,000. JPMorgan Chase & Co. raised its position in Torrid by 76.7% during the first quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock valued at $52,000 after purchasing an additional 3,750 shares in the last quarter. American International Group Inc. lifted its stake in Torrid by 34.8% during the first quarter. American International Group Inc. now owns 9,147 shares of the company’s stock worth $55,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Torrid in the 2nd quarter worth about $46,000. 83.34% of the stock is currently owned by institutional investors.
About Torrid (Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Torrid, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Torrid wasn’t on the list.
While Torrid currently has a “Reduce” rating among analysts, top-rated analysts believe these five stocks are better buys.
Do you expect the global demand for energy to shrink?! If not, it’s time to take a look at how energy stocks can play a part in your portfolio.