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

Torrid Holdings Inc. (NYSE:CURV) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.39.

A number of research firms recently issued reports on CURV. Telsey Advisory Group boosted their target price on shares of Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. 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 report on Monday, April 1st. Finally, B. Riley began coverage on shares of Torrid in a research report on Thursday, February 8th. They set a “buy” rating and a $7.00 target price on the stock.

Torrid Stock Performance

NYSE:CURV opened at $6.05 on Thursday. The firm’s fifty day moving average is $4.83 and its 200-day moving average is $4.79. Torrid has a 52 week low of $1.21 and a 52 week high of $6.86. The firm has a market cap of $631.32 million, a P/E ratio of 60.51 and a beta of 1.91.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Torrid had a net margin of 0.99% and a negative return on equity of 5.42%. The company had revenue of $293.54 million for the quarter, compared to analyst estimates of $276.20 million. During the same period in the prior year, the firm posted ($0.04) EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Torrid will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new position in Torrid during the fourth quarter worth $62,000. Bank of New York Mellon Corp raised its holdings in Torrid by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock worth $393,000 after buying an additional 6,368 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Torrid during the third quarter worth $54,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Torrid by 145.5% in the first 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 during the last quarter. Finally, Fund 1 Investments LLC raised its holdings in shares of Torrid by 493.6% in the fourth 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. Institutional investors and hedge funds 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.