Torrid Holdings Inc. (NYSE:CURV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Torrid Holdings Inc. (NYSE:CURVGet Free Report) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.80.

CURV has been the subject of a number of research analyst reports. B. Riley initiated coverage on Torrid in a report on Thursday, February 8th. They issued a “buy” rating and a $7.00 target price for the company. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 target price on shares of Torrid in a report on Monday. Finally, Morgan Stanley increased their target price on Torrid from $2.00 to $4.00 and gave the company an “equal weight” rating in a report on Friday, December 8th.

Read Our Latest Research Report on CURV

Torrid Stock Down 4.3 %

CURV opened at $4.22 on Wednesday. The stock has a fifty day moving average of $4.74 and a 200-day moving average of $3.91. The firm has a market capitalization of $439.30 million, a P/E ratio of 42.20 and a beta of 2.01. Torrid has a 12-month low of $1.21 and a 12-month high of $6.86.

Insider Buying and Selling

In related news, Director Valeria Rico Nikolov sold 25,380 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $5.62, for a total transaction of $142,635.60. Following the completion of the sale, the director now directly owns 51,457 shares in the company, valued at $289,188.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 9.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Torrid

Several institutional investors have recently bought and sold shares of CURV. JPMorgan Chase & Co. raised its holdings in Torrid by 76.7% during the first quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock valued at $52,000 after buying an additional 3,750 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Torrid by 25.1% during the first quarter. Bank of New York Mellon Corp now owns 45,557 shares of the company’s stock valued at $276,000 after buying an additional 9,146 shares in the last quarter. Citigroup Inc. grew its position in shares of Torrid by 2,270.7% in the first quarter. Citigroup Inc. now owns 77,284 shares of the company’s stock valued at $469,000 after purchasing an additional 74,024 shares during the last quarter. Rhumbline Advisers grew its position in shares of Torrid by 64.7% in the first quarter. Rhumbline Advisers now owns 16,963 shares of the company’s stock valued at $103,000 after purchasing an additional 6,661 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Torrid by 15.8% in the first quarter. BlackRock Inc. now owns 885,970 shares of the company’s stock valued at $5,369,000 after purchasing an additional 120,915 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors.

Torrid Company Profile

(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.

See Also

Analyst Recommendations for Torrid (NYSE:CURV)

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