Torrid (NYSE:CURV) Trading 8.2% Higher

Torrid Holdings Inc. (NYSE:CURV) shares were up 8.2% on Friday . The stock traded as high as $8.81 and last traded at $8.81. Approximately 128,219 shares traded hands during trading, an increase of 23% from the average daily volume of 104,278 shares. The stock had previously closed at $8.14.

Analyst Ratings Changes

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

Torrid Stock Up 7.9 %

The firm has a market capitalization of $916.19 million, a P/E ratio of 73.92 and a beta of 2.04. The firm’s 50-day simple moving average is $6.62 and its 200-day simple moving average is $5.52.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $279.77 million during the quarter, compared to the consensus estimate of $280.15 million. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. As a group, analysts expect that Torrid Holdings Inc. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Torrid

Several hedge funds and other institutional investors have recently bought and sold shares of CURV. Nisa Investment Advisors LLC purchased a new stake in Torrid during the fourth quarter valued at about $62,000. Great Lakes Advisors LLC bought a new stake in shares of Torrid in the 4th quarter valued at about $93,000. Fund 1 Investments LLC boosted 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 valued at $1,158,000 after acquiring an additional 166,841 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position 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 during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.