Telsey Advisory Group Reduces Earnings Estimates for Torrid

Torrid Holdings Inc. (NYSE:CURV - Free Report) - Analysts at Telsey Advisory Group decreased their FY2026 EPS estimates for Torrid in a research note issued to investors on Friday, March 21st. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $0.19 per share for the year, down from their previous forecast of $0.24. Telsey Advisory Group has a "Market Perform" rating and a $6.00 price objective 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 announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The company had revenue of $275.60 million during the quarter, compared to analysts' expectations of $263.34 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business's revenue was down 6.1% on a year-over-year basis.

CURV has been the topic of several other reports. Morgan Stanley raised their price target on Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on Torrid from $4.50 to $5.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, Bank of America assumed coverage on shares of Torrid in a research note on Friday, December 6th. They set a "buy" rating and a $5.00 price target for the company. 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's stock. According to data from MarketBeat, Torrid currently has a consensus rating of "Hold" and an average target price of $5.00.

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Torrid Stock Up 5.2 %

NYSE:CURV traded up $0.28 during trading hours on Monday, hitting $5.72. 474,858 shares of the stock were exchanged, compared to its average volume of 345,646. The company's 50 day moving average is $6.08 and its two-hundred day moving average is $4.93. The company has a market capitalization of $599.31 million, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99. Torrid has a twelve month low of $2.18 and a twelve month high of $9.14.

Institutional Investors Weigh In On Torrid

Several institutional investors and hedge funds have recently bought and sold shares of CURV. Two Sigma Advisers LP bought a new position in shares of Torrid in the 4th quarter valued at $80,000. State of Wyoming bought a new position in Torrid in the 4th quarter valued at approximately $570,000. Shay Capital LLC lifted its holdings in shares of Torrid by 140.2% during the fourth quarter. Shay Capital LLC now owns 478,880 shares of the company's stock worth $2,505,000 after purchasing an additional 279,521 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Torrid in the 4th quarter valued at about $14,240,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after acquiring an additional 4,013 shares during the period. Institutional investors 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.