Torrid Holdings Inc. (NYSE:CURV) Given Average Rating of “Hold” by Brokerages

Torrid Holdings Inc. (NYSE:CURV) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.44.

A number of brokerages have recently commented on CURV. William Blair upgraded shares of Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price objective on shares of Torrid in a report on Wednesday, September 4th. Finally, Morgan Stanley lowered shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a report on Thursday, July 18th.

Insider Activity

In other news, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $27,675,179.60. Following the completion of the transaction, the insider now owns 75,069,044 shares of the company’s stock, valued at $285,262,367.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $27,675,179.60. Following the sale, the insider now owns 75,069,044 shares of the company’s stock, valued at $285,262,367.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa M. Harper sold 498,087 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $1,892,730.60. Following the completion of the sale, the chief executive officer now directly owns 5,596,314 shares in the company, valued at approximately $21,265,993.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,164,601 shares of company stock valued at $34,825,484. 9.77% of the stock is currently owned by company insiders.

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC acquired a new stake in Torrid during the fourth quarter worth approximately $93,000. Ritholtz Wealth Management raised its holdings in Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Torrid by 145.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after purchasing an additional 50,466 shares in the last quarter. Finally, Fund 1 Investments LLC raised its holdings in Torrid by 493.6% during the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Torrid Stock Performance

NYSE:CURV opened at $3.99 on Wednesday. The company has a fifty day moving average of $6.85 and a two-hundred day moving average of $6.09. The stock has a market capitalization of $416.36 million, a PE ratio of 36.27 and a beta of 2.01. Torrid has a fifty-two week low of $1.25 and a fifty-two week high of $9.14.

Torrid (NYSE:CURV) last issued its earnings results on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $284.60 million during the quarter, compared to analysts’ expectations of $282.87 million. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Research analysts forecast that Torrid will post 0.19 earnings per share for the current year.

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.