Brokerages Set Torrid Holdings Inc. (NYSE:CURV) Target Price at $1.44

Shares of Torrid Holdings Inc. (NYSE:CURV) have received a consensus recommendation of “Reduce” from the eight research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $1.44.

CURV has been the subject of several research analyst reports. Telsey Advisory Group lowered their target price on shares of Torrid from $3.00 to $2.00 and set a “market perform” rating for the company in a report on Thursday, December 4th. Morgan Stanley restated an “underweight” rating and issued a $1.01 price objective on shares of Torrid in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a report on Wednesday. William Blair cut Torrid from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 23rd. Finally, Wall Street Zen cut Torrid from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th.

Insiders Place Their Bets

In other news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $1.31, for a total value of $32,750.00. Following the completion of the sale, the insider directly owned 9,904,856 shares of the company’s stock, valued at approximately $12,975,361.36. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.77% of the company’s stock.

Institutional Trading of Torrid

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its position in shares of Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after purchasing an additional 4,673 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Torrid by 985.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after acquiring an additional 22,030 shares in the last quarter. Creative Planning boosted its position in shares of Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after buying an additional 11,641 shares during the period. Royce & Associates LP boosted its holdings in Torrid by 161.4% in the 3rd quarter. Royce & Associates LP now owns 41,868 shares of the company’s stock worth $73,000 after acquiring an additional 25,854 shares during the period. Finally, State of Wyoming boosted its position in Torrid by 17.3% in the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after buying an additional 6,580 shares during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Torrid Stock Performance

NYSE:CURV opened at $1.23 on Friday. Torrid has a 1 year low of $0.94 and a 1 year high of $7.19. The stock has a market cap of $121.52 million, a P/E ratio of -122.50 and a beta of 1.49. The stock has a 50-day simple moving average of $1.14 and a 200-day simple moving average of $1.67.

Torrid (NYSE:CURV) last posted its earnings results on Wednesday, December 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The business had revenue of $235.15 million for the quarter, compared to analysts’ expectations of $239.90 million. Torrid had a negative return on equity of 1.69% and a negative net margin of 0.18%.During the same quarter in the previous year, the firm earned ($0.01) EPS. On average, equities research analysts predict that Torrid will post 0.14 EPS for the current year.

Torrid Company Profile

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.