Torrid Holdings Inc. (NYSE:CURV) Given Average Rating of “Reduce” by Analysts

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned a consensus rating of “Reduce” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.96.

A number of research firms have commented on CURV. Morgan Stanley cut shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Thursday, July 18th. Telsey Advisory Group boosted their price target on Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th.

Torrid Trading Down 3.3 %

NYSE:CURV opened at $7.72 on Tuesday. Torrid has a 1-year low of $1.21 and a 1-year high of $9.14. The firm has a fifty day simple moving average of $7.39 and a 200 day simple moving average of $5.77. The stock has a market capitalization of $805.58 million, a PE ratio of 70.19 and a beta of 2.05.

Torrid (NYSE:CURV) last released its earnings results on Wednesday, June 12th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. The business had revenue of $279.77 million during the quarter, compared to analysts’ expectations of $280.15 million. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts predict that Torrid will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Torrid

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in Torrid in the fourth quarter valued at about $62,000. Great Lakes Advisors LLC acquired a new position in Torrid in the fourth quarter valued at about $93,000. Fund 1 Investments LLC raised its stake in Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after purchasing an additional 166,841 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Torrid by 145.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after purchasing an additional 50,466 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after purchasing an additional 23,553 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

About Torrid

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.