William Blair Issues Negative Estimate for Torrid Earnings

Torrid Holdings Inc. (NYSE:CURV - Free Report) - Research analysts at William Blair decreased their Q2 2026 earnings per share estimates for shares of Torrid in a research report issued on Friday, March 21st. William Blair analyst D. Carden now expects that the company will earn $0.06 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Torrid's current full-year earnings is $0.14 per share. William Blair also issued estimates for Torrid's Q3 2026 earnings at $0.02 EPS, Q1 2027 earnings at $0.05 EPS, Q2 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.02 EPS and Q4 2027 earnings at $0.00 EPS.

A number of other research firms have also commented on CURV. Morgan Stanley lifted their target price on shares of Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a report on Tuesday, January 21st. Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They set a "buy" rating and a $5.00 target price for the company. Telsey Advisory Group increased their price target on shares of Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Torrid from $4.50 to $5.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One equities research 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 MarketBeat.com, Torrid currently has a consensus rating of "Hold" and an average target price of $5.00.

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Torrid Price Performance

Shares of NYSE CURV traded up $0.28 during mid-day trading on Monday, hitting $5.72. The company's stock had a trading volume of 474,858 shares, compared to its average volume of 345,646. Torrid has a one year low of $2.18 and a one year high of $9.14. The company's fifty day simple moving average is $6.08 and its 200-day simple moving average is $4.93. The stock has a market cap of $599.31 million, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.

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

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in Torrid by 150.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock worth $49,000 after purchasing an additional 5,678 shares during the period. Corebridge Financial Inc. boosted its holdings in shares of Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock worth $53,000 after buying an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Torrid by 55.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock valued at $59,000 after buying an additional 4,013 shares during the last quarter. Barclays PLC raised its holdings in Torrid by 354.5% in the 3rd quarter. Barclays PLC now owns 17,416 shares of the company's stock valued at $69,000 after acquiring an additional 13,584 shares during the period. Finally, Two Sigma Advisers LP acquired a new stake in Torrid during the fourth quarter worth approximately $80,000. 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.