Torrid (NYSE:CURV) Research Coverage Started at B. Riley

B. Riley assumed coverage on shares of Torrid (NYSE:CURVFree Report) in a report issued on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $7.00 price objective on the stock.

Several other analysts have also issued reports on the company. Telsey Advisory Group upped their target price on Torrid from $2.00 to $5.00 and gave the stock a market perform rating in a report on Friday, December 8th. Morgan Stanley raised their target price on shares of Torrid from $2.00 to $4.00 and gave the company an equal weight rating in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $3.70.

Read Our Latest Research Report on CURV

Torrid Trading Down 2.0 %

CURV stock opened at $4.97 on Thursday. The firm has a market cap of $517.38 million, a PE ratio of 49.70 and a beta of 2.06. The business’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $3.47. Torrid has a 1-year low of $1.21 and a 1-year high of $6.86.

Torrid (NYSE:CURVGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $275.41 million for the quarter, compared to the consensus estimate of $245.81 million. Torrid had a negative return on equity of 5.41% and a net margin of 1.01%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. On average, analysts forecast that Torrid will post 0.09 earnings per share for the current year.

Insider Buying and Selling at Torrid

In other news, Director Valeria Rico Nikolov sold 25,380 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $5.62, for a total value of $142,635.60. Following the transaction, the director now owns 51,457 shares of the company’s stock, valued at $289,188.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.23% of the company’s stock.

Hedge Funds Weigh In On Torrid

Several institutional investors and hedge funds have recently modified their holdings of CURV. O Shaughnessy Asset Management LLC raised its position in shares of Torrid by 62.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 16,477 shares of the company’s stock valued at $46,000 after buying an additional 6,305 shares in the last quarter. Royce & Associates LP raised its holdings in Torrid by 166.4% in the 2nd quarter. Royce & Associates LP now owns 29,867 shares of the company’s stock valued at $84,000 after acquiring an additional 18,657 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Torrid during the 3rd quarter valued at $54,000. JPMorgan Chase & Co. grew its holdings in shares of Torrid by 76.7% during the 1st quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock worth $52,000 after purchasing an additional 3,750 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Torrid during the 1st quarter worth $49,000. 83.34% of the stock is currently owned by institutional investors and hedge funds.

About Torrid

(Get Free Report)

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 and Torrid Curve 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.

Further Reading

Analyst Recommendations for Torrid (NYSE:CURV)

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