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

Torrid Holdings Inc. (NYSE:CURVGet Rating) has been assigned an average rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.44.

A number of analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Torrid from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 21st. Zacks Investment Research raised shares of Torrid from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Finally, Morgan Stanley decreased their target price on shares of Torrid from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, March 21st.

Shares of NYSE:CURV opened at $5.53 on Friday. The company’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $9.77. Torrid has a 1 year low of $5.02 and a 1 year high of $33.19.

Torrid (NYSE:CURVGet Rating) last posted its earnings results on Thursday, March 17th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $313.94 million for the quarter, compared to the consensus estimate of $302.60 million. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Torrid will post 0.99 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. UBS Group AG acquired a new position in shares of Torrid during the third quarter worth $36,000. American International Group Inc. lifted its holdings in Torrid by 34.8% in the first quarter. American International Group Inc. now owns 9,147 shares of the company’s stock valued at $55,000 after buying an additional 2,362 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Torrid by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 82,384 shares of the company’s stock valued at $814,000 after buying an additional 2,924 shares during the period. Advisor Group Holdings Inc. acquired a new position in Torrid in the fourth quarter valued at $29,000. Finally, FourThought Financial LLC acquired a new position in Torrid in the third quarter valued at $54,000. Institutional investors own 90.86% of the company’s stock.

About Torrid (Get Rating)

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)

Receive News & Ratings for Torrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torrid and related companies with MarketBeat.com's FREE daily email newsletter.