Torrid (NYSE:CURV) Shares Up 1.4%

Torrid Holdings Inc. (NYSE:CURVGet Rating)’s share price shot up 1.4% during trading on Tuesday . The company traded as high as $3.56 and last traded at $3.51. 72,903 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 116,703 shares. The stock had previously closed at $3.46.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CURV. Telsey Advisory Group cut their price objective on Torrid from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, December 9th. The Goldman Sachs Group lowered their price target on Torrid from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, December 12th. Finally, William Blair lowered Torrid from an “outperform” rating to a “market perform” rating in a research note on Friday, December 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.70.

Torrid Stock Performance

The company has a 50 day moving average price of $3.49 and a 200 day moving average price of $4.51. The firm has a market cap of $363.85 million, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47.

Torrid (NYSE:CURVGet Rating) last posted its quarterly earnings data on Thursday, December 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $290.03 million during the quarter, compared to analysts’ expectations of $299.18 million. Torrid had a net margin of 2.46% and a negative return on equity of 25.98%. On average, research analysts forecast that Torrid Holdings Inc. will post 0.46 earnings per share for the current year.

Insider Activity at Torrid

In related news, Director Theo Killion purchased 10,000 shares of the business’s stock in a transaction on Monday, December 19th. The shares were bought at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the acquisition, the director now directly owns 37,429 shares in the company, valued at $105,549.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CURV. JPMorgan Chase & Co. increased 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 acquiring an additional 3,750 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Torrid by 25.1% in the 1st quarter. Bank of New York Mellon Corp now owns 45,557 shares of the company’s stock valued at $276,000 after purchasing an additional 9,146 shares during the period. Citigroup Inc. lifted its position in Torrid by 2,270.7% during the 1st quarter. Citigroup Inc. now owns 77,284 shares of the company’s stock worth $469,000 after acquiring an additional 74,024 shares during the period. Rhumbline Advisers lifted its position in Torrid by 64.7% during the 1st quarter. Rhumbline Advisers now owns 16,963 shares of the company’s stock worth $103,000 after acquiring an additional 6,661 shares during the period. Finally, BlackRock Inc. lifted its position in Torrid by 15.8% during the 1st quarter. BlackRock Inc. now owns 885,970 shares of the company’s stock worth $5,369,000 after acquiring an additional 120,915 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Torrid Company Profile

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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

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