Torrid Holdings Inc. (NYSE:CURV) Receives Average Rating of “Hold” from Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have been assigned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.39.

Several equities research analysts recently weighed in on CURV shares. Telsey Advisory Group upped their price target on Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. The Goldman Sachs Group upped their price target on Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, B. Riley started coverage on Torrid in a research note on Thursday, February 8th. They issued a “buy” rating and a $7.00 price target on the stock.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently modified their holdings of CURV. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Torrid by 752.9% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 380,729 shares of the company’s stock worth $1,660,000 after acquiring an additional 336,088 shares during the last quarter. Fund 1 Investments LLC boosted its position in shares of Torrid by 493.6% during the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after buying an additional 166,841 shares during the last quarter. Millennium Management LLC boosted its position in shares of Torrid by 936.2% during the second quarter. Millennium Management LLC now owns 152,452 shares of the company’s stock valued at $659,000 after buying an additional 137,740 shares during the last quarter. BlackRock Inc. boosted its position in shares of Torrid by 15.8% during the first quarter. BlackRock Inc. now owns 885,970 shares of the company’s stock valued at $5,369,000 after buying an additional 120,915 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of Torrid by 2,270.7% during the first quarter. Citigroup Inc. now owns 77,284 shares of the company’s stock valued at $469,000 after buying an additional 74,024 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Stock Up 4.1 %

Shares of Torrid stock opened at $4.83 on Friday. The company has a market cap of $503.91 million, a PE ratio of 48.30 and a beta of 1.99. The business has a 50 day moving average of $4.48 and a 200 day moving average of $4.27. Torrid has a 52 week low of $1.21 and a 52 week high of $6.86.

Torrid (NYSE:CURV) last announced its earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $293.54 million during the quarter, compared to the consensus estimate of $276.20 million. Torrid had a negative return on equity of 5.42% and a net margin of 0.99%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. On average, research analysts anticipate that Torrid will post 0.17 earnings per share 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 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.