Torrid (NYSE:CURV) Shares Down 3.7%

Torrid Holdings Inc. (NYSE:CURV)’s stock price was down 3.7% during mid-day trading on Friday . The stock traded as low as $6.07 and last traded at $6.07. Approximately 3,548 shares were traded during trading, a decline of 97% from the average daily volume of 135,177 shares. The stock had previously closed at $6.30.

Analysts Set New Price Targets

CURV has been the subject of several recent research reports. Morgan Stanley downgraded shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price objective on shares of Torrid in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.96.

Torrid Trading Down 4.3 %

The company has a market capitalization of $629.23 million, a price-to-earnings ratio of 57.55 and a beta of 2.05. The company’s 50 day simple moving average is $7.49 and its 200-day simple moving average is $6.06.

Torrid (NYSE:CURV) last announced its earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $284.60 million for the quarter, compared to analyst estimates of $282.87 million. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. Torrid’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. Sell-side analysts anticipate that Torrid Holdings Inc. will post 0.18 EPS for the current year.

Institutional Trading of Torrid

A number of hedge funds have recently added to or reduced their stakes in CURV. Great Lakes Advisors LLC purchased a new position in shares of Torrid during the 4th quarter worth about $93,000. Ritholtz Wealth Management increased its position in Torrid by 161.0% during the second 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. O Shaughnessy Asset Management LLC raised its stake in Torrid by 145.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after purchasing an additional 50,466 shares during the period. Finally, Fund 1 Investments LLC boosted its holdings in shares of Torrid by 493.6% in 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 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.