Analysts Set Torrid Holdings Inc. (NYSE:CURV) Target Price at $1.44

Shares of Torrid Holdings Inc. (NYSE:CURV) have received an average recommendation of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1.44.

CURV has been the subject of several recent analyst reports. Zacks Research upgraded Torrid from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Torrid in a research report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research report on Monday, April 20th.

Insider Buying and Selling at Torrid

In related news, insider Ashlee Wheeler sold 30,013 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $1.98, for a total transaction of $59,425.74. Following the completion of the sale, the insider directly owned 205,856 shares in the company, valued at $407,594.88. This represents a 12.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paula Dempsey sold 42,785 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total value of $88,137.10. Following the sale, the chief financial officer owned 227,923 shares of the company’s stock, valued at approximately $469,521.38. This represents a 15.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.85% of the stock is owned by corporate insiders.

Institutional Trading of Torrid

Several institutional investors and hedge funds have recently modified their holdings of CURV. Fund 1 Investments LLC boosted its stake in shares of Torrid by 0.9% during the fourth quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after purchasing an additional 90,000 shares in the last quarter. Nomura Holdings Inc. boosted its stake in shares of Torrid by 94.8% during the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after purchasing an additional 3,034,083 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Torrid by 191.1% during the second quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after purchasing an additional 1,258,934 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Torrid during the first quarter valued at about $3,387,000. Finally, Vanguard Group Inc. boosted its stake in shares of Torrid by 13.3% during the third quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock valued at $2,294,000 after purchasing an additional 153,973 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors.

Torrid Stock Performance

CURV opened at $1.57 on Friday. The firm has a market cap of $155.72 million, a P/E ratio of -26.08 and a beta of 0.96. Torrid has a 52-week low of $0.94 and a 52-week high of $6.08. The business’s fifty day moving average is $1.63 and its 200-day moving average is $1.33.

Torrid (NYSE:CURV) last released its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The company had revenue of $236.17 million for the quarter, compared to analyst estimates of $231.11 million. On average, research analysts predict that Torrid will post -0.03 earnings per share for the current fiscal year.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.