Torrid Holdings Inc. (NYSE:CURV) Receives $1.44 Consensus Target Price from Brokerages

Torrid Holdings Inc. (NYSE:CURV) has been assigned a consensus rating of “Reduce” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.44.

CURV has been the subject of several recent research reports. Wall Street Zen downgraded Torrid from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Zacks Research upgraded shares of Torrid from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Bank of America reduced 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. Morgan Stanley reaffirmed an “underweight” rating and set a $1.01 price target on shares of Torrid in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a report on Wednesday, January 21st.

Torrid Trading Up 1.9%

Torrid stock opened at $1.27 on Friday. The company has a market capitalization of $126.38 million, a PE ratio of -127.40 and a beta of 1.51. Torrid has a 12 month low of $0.94 and a 12 month high of $6.95. The stock has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $1.33.

Institutional Investors Weigh In On Torrid

Institutional investors have recently made changes to their positions in the stock. Fund 1 Investments LLC increased its stake in shares of Torrid by 12.4% in the second quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after buying an additional 1,150,726 shares during the period. Nomura Holdings Inc. lifted its stake in shares of Torrid by 94.8% in the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock worth $10,908,000 after acquiring an additional 3,034,083 shares during the period. Bank of America Corp DE boosted its holdings in Torrid by 191.1% in the second quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after acquiring an additional 1,258,934 shares during the last quarter. Vanguard Group Inc. increased its position in Torrid by 13.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock valued at $2,294,000 after purchasing an additional 153,973 shares during the period. Finally, Citadel Advisors LLC increased its position in Torrid by 10.0% during the 3rd quarter. Citadel Advisors LLC now owns 874,608 shares of the company’s stock valued at $1,531,000 after purchasing an additional 79,357 shares during the period. Institutional investors own 81.82% of the company’s stock.

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.