Telsey Advisory Group Reduces Earnings Estimates for Torrid

Torrid Holdings Inc. (NYSE:CURV) – Research analysts at Telsey Advisory Group dropped their FY2026 earnings per share estimates for shares of Torrid in a research note issued to investors on Friday, March 21st. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $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.

CURV has been the subject of several other reports. The Goldman Sachs Group upped their price objective on shares of Torrid from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America began coverage on shares of Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Morgan Stanley increased their target price on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 21st. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

Torrid Price Performance

CURV opened at $5.95 on Monday. The firm has a market capitalization of $622.89 million, a price-to-earnings ratio of 39.64, a PEG ratio of 1.03 and a beta of 1.99. Torrid has a one year low of $2.18 and a one year high of $9.14. The business has a 50 day simple moving average of $6.10 and a two-hundred day simple moving average of $4.94.

Torrid (NYSE:CURV) last announced its quarterly earnings results 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 business had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $263.34 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. 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 company posted ($0.04) EPS.

Institutional Trading of Torrid

A number of hedge funds have recently made changes to their positions in CURV. Rhumbline Advisers grew its holdings in shares of Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock valued at $90,000 after buying an additional 1,685 shares during the last quarter. Corebridge Financial Inc. raised its stake in shares of Torrid by 53.6% in the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock worth $53,000 after purchasing an additional 3,509 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Torrid by 55.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock valued at $59,000 after purchasing an additional 4,013 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Torrid by 150.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock valued at $49,000 after buying an additional 5,678 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 worth $346,000 after buying an additional 6,968 shares during the last quarter. 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.