Torrid Holdings Inc. (NYSE:CURV) Receives $3.23 Consensus PT from Analysts

Torrid Holdings Inc. (NYSE:CURVGet Free Report) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.70.

CURV has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Torrid in a research note on Thursday, February 8th. They set a “buy” rating and a $7.00 target price for the company. 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. Finally, Telsey Advisory Group raised their target price on shares of Torrid from $2.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, December 8th.

Check Out Our Latest Report on CURV

Insiders Place Their Bets

In other news, Director Valeria Rico Nikolov sold 25,380 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $5.62, for a total value of $142,635.60. Following the completion of the sale, the director now owns 51,457 shares in the company, valued at approximately $289,188.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.23% of the company’s stock.

Institutional Investors Weigh In On Torrid

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its holdings in Torrid by 62.0% during the 2nd 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 shares of 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 purchasing an additional 18,657 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Torrid by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock valued at $393,000 after purchasing an additional 6,368 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Torrid in the 3rd quarter valued at about $54,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Torrid by 76.7% in the 1st quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock valued at $52,000 after purchasing an additional 3,750 shares in the last quarter. Institutional investors own 83.34% of the company’s stock.

Torrid Price Performance

Shares of CURV stock opened at $4.98 on Tuesday. The company has a market capitalization of $518.42 million, a price-to-earnings ratio of 49.80 and a beta of 2.06. Torrid has a one year low of $1.21 and a one year high of $6.86. The company’s fifty day moving average price is $5.33 and its 200-day moving average price is $3.49.

Torrid (NYSE:CURVGet Free Report) last posted its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $275.41 million during the quarter, compared to analysts’ expectations of $245.81 million. Torrid had a net margin of 1.01% and a negative return on equity of 5.41%. Torrid’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. Equities research analysts expect that Torrid will post 0.08 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Torrid (NYSE:CURV)

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