Torrid is view cautiously by Morgan Stanley amid promotional backdrop in retail [Seeking Alpha]
Torrid Holdings Inc. (CURV)
Company Research
Source: Seeking Alpha
Torrid is view cautiously by Morgan Stanley amid promotional backdrop in retailSep. 22, 2022 9:56 AM ETCURVBy:Clark SchultzSA News EditorMaria KorneevaMorgan Stanley lowered expectations on Torrid Holdings (The cautious view on Torrid from analyst Kimberly Greenberger and team for the fall and winter seasonled to a revised FY22 revenue forecast of $1.29B vs. $1.34B prior and $1.28B consensus. The forecast for FY22 adjusted EBITDA was cut to $173M from $180M."Our FY22 profitability estimates also decline, with gross margin falling by -50 bps and operating margin slightly more by -55 bps. We continue to apply a 5x multiple to our base case EBITDA, which sits slightly above the specialty retail peer group average."Morgan Stanley has an Equal-weight rating and base case price target of $5 on CURV. The firm also has a bull case price target of $13 and a bear case price target of $1.The Seeking Alpha Quant Rating on CURV bumped up toHold from Sell on September 9.Sector watch: Analysts in ge
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News
- Investors Could Be Concerned With Torrid Holdings' (NYSE:CURV) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- TORRID ANNOUNCES 2024 CASTING CALL AND TOUR ACROSS AMERICA IN SEARCH OF ITS NEXT BRAND MODEL [Yahoo! Finance]Yahoo! Finance
- TORRID ANNOUNCES 2024 CASTING CALL AND TOUR ACROSS AMERICA IN SEARCH OF ITS NEXT BRAND MODELPR Newswire
- Torrid Has Quality Characteristics But It's Risky And Not Sufficiently Discounted [Seeking Alpha]Seeking Alpha
- Torrid Holdings Inc. (NYSE:CURV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CURV
Earnings
- 3/28/24 - Beat
CURV
Sec Filings
- 5/8/24 - Form 4
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- CURV's page on the SEC website