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

Torrid Holdings Inc. (NYSE:CURV) has received an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $4.39.

A number of research analysts recently commented on the company. Telsey Advisory Group upped their target price on Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. The Goldman Sachs Group upped their target price on Torrid from $2.95 to $5.75 and gave the company a “neutral” rating in a research note on Monday, April 1st. Finally, B. Riley assumed coverage on Torrid in a research note on Thursday, February 8th. They issued a “buy” rating and a $7.00 target price for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in Torrid during the third quarter worth $54,000. Nisa Investment Advisors LLC acquired a new stake in shares of Torrid in the fourth quarter valued at $62,000. Great Lakes Advisors LLC acquired a new stake in shares of Torrid in the fourth quarter valued at $93,000. Bank of New York Mellon Corp increased its stake in shares of Torrid by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock valued at $393,000 after buying an additional 6,368 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Torrid by 145.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after buying an additional 50,466 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Torrid Trading Down 1.3 %

CURV opened at $6.05 on Thursday. Torrid has a 1-year low of $1.21 and a 1-year high of $6.86. The stock has a market capitalization of $631.32 million, a price-to-earnings ratio of 60.51 and a beta of 1.91. The business has a 50 day moving average of $4.83 and a 200-day moving average of $4.79.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. The company had revenue of $293.54 million during the quarter, compared to analysts’ expectations of $276.20 million. Torrid had a negative return on equity of 5.42% and a net margin of 0.99%. Torrid’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. Equities analysts predict that Torrid will post 0.17 EPS for the current year.

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.