Brokerages Set Torrid Holdings Inc. (NYSE:CURV) Price Target at $4.75

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.75.

Several equities analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price objective for the company. in a research note on Tuesday, April 22nd. BTIG Research started coverage on shares of Torrid in a report on Thursday. They issued a “neutral” rating for the company. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of Torrid in a report on Monday, June 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of Torrid by 10.9% in the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock valued at $90,000 after purchasing an additional 1,685 shares during the last quarter. Bravias Capital Group LLC acquired a new stake in Torrid during the fourth quarter worth approximately $137,000. Charles Schwab Investment Management Inc. boosted its position in Torrid by 15.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 101,722 shares of the company’s stock worth $532,000 after acquiring an additional 13,781 shares during the last quarter. Royce & Associates LP acquired a new stake in Torrid during the fourth quarter worth approximately $116,000. Finally, Corebridge Financial Inc. boosted its position in Torrid by 53.6% during the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock worth $53,000 after acquiring an additional 3,509 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Torrid Stock Up 3.0%

NYSE:CURV opened at $5.10 on Thursday. The company has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $5.51. The company has a market cap of $535.61 million, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14.

Torrid (NYSE:CURV) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $265.97 million during the quarter, compared to the consensus estimate of $270.95 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. On average, analysts expect that Torrid will post 0.14 EPS for the current year.

Torrid Company Profile

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, Torrid Curve, CURV, and Lovesick 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.