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

Torrid Holdings Inc. (NYSE:CURV) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.79.

Several research analysts have recently commented on CURV shares. Telsey Advisory Group lifted their price target on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. The Goldman Sachs Group boosted 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Torrid during the fourth quarter worth approximately $62,000. Great Lakes Advisors LLC bought a new position in shares of Torrid in the fourth quarter worth $93,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after buying an additional 50,466 shares during the last quarter. Finally, Fund 1 Investments LLC increased its position in shares of Torrid by 493.6% during the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after purchasing an additional 166,841 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors.

Torrid Stock Performance

Shares of Torrid stock opened at $8.13 on Friday. The company’s fifty day moving average is $6.62 and its two-hundred day moving average is $5.52. Torrid has a 1 year low of $1.21 and a 1 year high of $8.47. The company has a market capitalization of $848.37 million, a P/E ratio of 73.92 and a beta of 2.04.

Torrid (NYSE:CURV) last announced its earnings results on Wednesday, June 12th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Torrid had a negative return on equity of 5.79% and a net margin of 1.05%. The firm had revenue of $279.77 million for the quarter, compared to analysts’ expectations of $280.15 million. During the same quarter in the prior year, the firm earned $0.11 EPS. Torrid’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts expect that Torrid will post 0.18 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.