Torrid Holdings Inc. (NYSE:CURV) Receives $4.39 Consensus PT from Analysts

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.39.

CURV has been the subject of several research reports. B. Riley initiated coverage on shares of Torrid in a research report on Thursday, February 8th. They issued a “buy” rating and a $7.00 price target for the company. The Goldman Sachs Group increased their target price on shares of Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, Telsey Advisory Group boosted their price target on Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Monday, April 1st.

Torrid Stock Performance

Shares of CURV stock opened at $5.00 on Friday. The stock’s 50-day moving average is $4.49 and its two-hundred day moving average is $4.37. Torrid has a 1 year low of $1.21 and a 1 year high of $6.86. The firm has a market cap of $521.75 million, a price-to-earnings ratio of 50.01 and a beta of 1.99.

Torrid (NYSE:CURV) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Torrid had a negative return on equity of 5.42% and a net margin of 0.99%. The firm had revenue of $293.54 million for the quarter, compared to the consensus estimate of $276.20 million. During the same quarter last year, the business posted ($0.04) EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, research analysts predict that Torrid will post 0.17 EPS for the current year.

Hedge Funds Weigh In On Torrid

Several institutional investors and hedge funds have recently added to or reduced their stakes in CURV. Fund 1 Investments LLC boosted its stake 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 buying an additional 166,841 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Torrid during the 3rd quarter worth $54,000. Great Lakes Advisors LLC acquired a new position in shares of Torrid during the 4th quarter worth $93,000. Nisa Investment Advisors LLC acquired a new position in shares of Torrid during the 4th quarter worth $62,000. Finally, Bank of New York Mellon Corp increased 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. 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 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.