Torrid (NYSE:CURV) Hits New 52-Week High at $7.84

Shares of Torrid Holdings Inc. (NYSE:CURV) hit a new 52-week high during trading on Tuesday . The company traded as high as $7.84 and last traded at $7.84, with a volume of 44366 shares trading hands. The stock had previously closed at $7.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CURV shares. The Goldman Sachs Group raised their target price on shares of Torrid from $2.95 to $5.75 and gave the company a “neutral” rating in a research note on Monday, April 1st. Telsey Advisory Group raised their target price on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.79.

Torrid Stock Performance

The stock’s fifty day moving average is $6.29 and its two-hundred day moving average is $5.41. The firm has a market capitalization of $813.93 million, a price-to-earnings ratio of 70.92 and a beta of 2.04.

Torrid (NYSE:CURV) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $279.77 million during the quarter, compared to analyst estimates of $280.15 million. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. Sell-side analysts anticipate that Torrid Holdings Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in Torrid during the 4th quarter worth $62,000. Great Lakes Advisors LLC acquired a new position in Torrid during the 4th quarter worth $93,000. O Shaughnessy Asset Management LLC grew its holdings in Torrid by 145.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after acquiring an additional 50,466 shares in the last quarter. Finally, Fund 1 Investments LLC grew its holdings in Torrid by 493.6% during the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after acquiring an additional 166,841 shares in the last quarter. 81.82% of the stock is owned by institutional investors and hedge funds.

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.