William Blair Has Pessimistic View of Torrid FY2025 Earnings

Torrid Holdings Inc. (NYSE:CURV) – Analysts at William Blair lowered their FY2025 earnings per share estimates for Torrid in a note issued to investors on Wednesday, December 4th. William Blair analyst D. Carden now forecasts that the company will post earnings per share of $0.12 for the year, down from their previous forecast of $0.20. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Torrid’s current full-year earnings is $0.20 per share.

Several other brokerages have also commented on CURV. The Goldman Sachs Group dropped their price target on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday. Telsey Advisory Group cut their price target on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.25.

Torrid Trading Up 5.5 %

Shares of NYSE:CURV opened at $3.62 on Thursday. The firm has a market cap of $378.94 million, a price-to-earnings ratio of 24.13 and a beta of 2.01. The stock’s 50-day moving average price is $3.83 and its two-hundred day moving average price is $5.77. Torrid has a 12-month low of $2.18 and a 12-month high of $9.14.

Torrid (NYSE:CURV) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $284.60 million for the quarter, compared to the consensus estimate of $282.87 million. Torrid had a negative return on equity of 7.58% and a net margin of 1.35%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share.

Hedge Funds Weigh In On Torrid

Institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management increased its stake in shares of Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after buying an additional 23,553 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Torrid by 87.3% during the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after acquiring an additional 50,439 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after purchasing an additional 6,968 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Torrid in the 3rd quarter valued at about $166,000. Finally, Centiva Capital LP bought a new position in shares of Torrid during the third quarter worth about $3,930,000. 81.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Sycamore Partners Torrid, L.L. sold 1,092,442 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total transaction of $4,151,279.60. Following the completion of the sale, the insider now directly owns 73,976,602 shares in the company, valued at $281,111,087.60. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa M. Harper sold 498,087 shares of Torrid stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $1,892,730.60. Following the sale, the chief executive officer now directly owns 5,596,314 shares in the company, valued at approximately $21,265,993.20. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,164,601 shares of company stock worth $34,825,484 over the last quarter. 9.77% of the stock is owned by corporate insiders.

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.