Telsey Advisory Group Cuts Earnings Estimates for Torrid

Torrid Holdings Inc. (NYSE:CURV - Free Report) - Research analysts at Telsey Advisory Group reduced their FY2026 EPS estimates for Torrid in a report issued on Friday, March 21st. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.19 per share for the year, down from their prior estimate of $0.24. Telsey Advisory Group currently has a "Market Perform" rating and a $6.00 target price on the stock. The consensus estimate for Torrid's current full-year earnings is $0.14 per share. Telsey Advisory Group also issued estimates for Torrid's FY2027 earnings at $0.25 EPS.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. Torrid's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS.

A number of other research firms have also commented on CURV. The Goldman Sachs Group lifted their price objective on Torrid from $4.50 to $5.00 and gave the stock a "neutral" rating in a research note on Friday. Morgan Stanley raised their target price on Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 21st. Finally, Bank of America started coverage on Torrid in a research note on Friday, December 6th. They issued a "buy" rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Torrid presently has an average rating of "Hold" and an average price target of $5.00.

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Torrid Stock Performance

Shares of Torrid stock traded down $0.39 on Monday, hitting $5.57. The stock had a trading volume of 202,275 shares, compared to its average volume of 341,535. The stock has a 50 day moving average of $6.10 and a 200 day moving average of $4.94. Torrid has a twelve month low of $2.18 and a twelve month high of $9.14. The firm has a market capitalization of $582.97 million, a P/E ratio of 36.97, a PEG ratio of 1.03 and a beta of 1.99.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company's stock valued at $346,000 after acquiring an additional 6,968 shares in the last quarter. Verition Fund Management LLC bought a new stake in Torrid during the third quarter worth $166,000. Centiva Capital LP purchased a new stake in Torrid in the 3rd quarter valued at $3,930,000. Maven Securities LTD bought a new position in Torrid during the 3rd quarter valued at $98,000. Finally, Quadrature Capital Ltd purchased a new position in Torrid during the 3rd quarter worth $104,000. 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.