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

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average rating of “Reduce” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $1.44.

Several equities analysts recently weighed in on CURV shares. Telsey Advisory Group decreased their target price on shares of Torrid from $3.00 to $2.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th. Zacks Research raised shares of Torrid from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Bank of America dropped their target price on shares of Torrid from $6.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Wall Street Zen cut Torrid from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Finally, Morgan Stanley reissued an “underweight” rating and set a $1.01 price target on shares of Torrid in a research report on Thursday, December 4th.

Insider Buying and Selling at Torrid

In related news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction 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 sale, the insider owned 9,904,856 shares in the company, valued at approximately $12,975,361.36. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.85% of the company’s stock.

Institutional Trading of Torrid

Several institutional investors have recently added to or reduced their stakes in CURV. Wells Fargo & Company MN grew its holdings in Torrid by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after buying an additional 11,962 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Torrid by 985.7% in the third 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. Abel Hall LLC acquired a new position in shares of Torrid in the fourth quarter valued at about $49,000. Jain Global LLC bought a new position in Torrid during the fourth quarter worth about $55,000. Finally, Rhumbline Advisers raised its stake in Torrid by 30.4% in the 3rd quarter. Rhumbline Advisers now owns 35,384 shares of the company’s stock worth $62,000 after purchasing an additional 8,250 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors.

Torrid Stock Performance

NYSE:CURV opened at $1.04 on Tuesday. Torrid has a 52-week low of $0.94 and a 52-week high of $6.95. The company has a market cap of $103.17 million, a P/E ratio of -104.00 and a beta of 1.50. The stock’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.47.

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

About Torrid

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.