Torrid (NYSE:CURV) Trading Down 4%

Torrid Holdings Inc. (NYSE:CURV)’s stock price fell 4% during trading on Monday . The company traded as low as $6.46 and last traded at $6.52. 22,141 shares were traded during mid-day trading, a decline of 84% from the average session volume of 135,667 shares. The stock had previously closed at $6.79.

Analysts Set New Price Targets

Several research firms have commented on CURV. Morgan Stanley cut Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Thursday, July 18th. 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 research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.96.

Torrid Trading Up 0.4 %

The business’s 50-day moving average is $7.57 and its two-hundred day moving average is $6.00. The stock has a market capitalization of $713.75 million, a PE ratio of 61.55 and a beta of 2.05.

Torrid (NYSE:CURV) last posted its earnings results on Wednesday, June 12th. The company reported $0.12 earnings per share (EPS) 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 negative return on equity of 5.79% and a net margin of 1.05%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. On average, analysts predict that Torrid Holdings Inc. will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Torrid

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fund 1 Investments LLC grew its stake in shares of Torrid by 493.6% during the fourth 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 in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Torrid by 145.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after purchasing an additional 50,466 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Torrid by 161.0% during the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in shares of Torrid in the 4th quarter valued at approximately $93,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.