Torrid Holdings Inc. (NYSE:CURV) Stock Has Consensus Target Price of $1.81

Key Points

• Analyst sentiment is bearish: Eight analysts give Torrid an average rating of “Reduce,” with two sells, five holds and one buy. The consensus 12-month price target is $1.81, below the stock’s reported $2.04 opening price.
• Institutional ownership is high: Institutional investors own 81.82% of Torrid, with several firms—including BlackRock and Bank of America—recently acquiring or increasing positions.
• Quarterly results were mixed: Torrid reported adjusted EPS of $0.05, beating the expected loss of $0.03, but revenue of $231.73 million fell short of the $237.24 million consensus estimate. Analysts expect a full-year loss of $0.04 per share.

Shares of Torrid Holdings Inc. (NYSE:CURV - Get Free Report) have been given an average rating of "Reduce" by the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $1.81.

Several equities analysts have weighed in on the company. Weiss Ratings restated a "sell (d)" rating on shares of Torrid in a report on Thursday, October 15th. Morgan Stanley reiterated an "equal weight" rating and set a $1.80 price target on shares of Torrid in a research note on Monday, July 6th. Bank of America upped their price target on Torrid from $2.25 to $2.70 and gave the stock a "buy" rating in a research note on Friday, September 4th. Finally, William Blair reissued a "market perform" rating on shares of Torrid in a report on Tuesday.

Institutional Investors Weigh In On Torrid

A number of large investors have recently added to or reduced their stakes in CURV. Bank of America Corp DE acquired a new position in Torrid in the 2nd quarter valued at $859,000. Fund 1 Investments LLC increased its stake in Torrid by 1.2% during the second quarter. Fund 1 Investments LLC now owns 9,847,478 shares of the company's stock valued at $18,415,000 after acquiring an additional 119,433 shares during the period. Ieq Capital LLC bought a new position in Torrid during the second quarter valued at about $104,000. JB Capital Partners LP acquired a new position in Torrid in the 2nd quarter valued at approximately $280,500. Finally, BlackRock Inc. acquired a new position in Torrid in the 2nd quarter valued at approximately $3,585,000. Institutional investors own 81.82% of the company's stock.

Torrid Stock Down 4.9%

Shares of CURV opened at $2.04 on Friday. The company's fifty day moving average is $2.30 and its 200-day moving average is $2.06. Torrid has a 12 month low of $0.94 and a 12 month high of $2.86. The firm has a market cap of $203.93 million, a price-to-earnings ratio of -22.72 and a beta of 0.69.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. The business had revenue of $231.73 million during the quarter, compared to analyst estimates of $237.24 million. As a group, research analysts predict that Torrid will post -0.04 earnings per share for the current fiscal year.

About Torrid

Torrid Holdings Inc is a specialty retailer focused on fashion for women who wear sizes 10 to 30. The company offers a broad assortment of apparel, including dresses, tops, bottoms, denim, activewear, outerwear and intimates, along with footwear, accessories and beauty products.

Operating under the Torrid brand, the company serves customers through an omnichannel model that combines brick-and-mortar stores with its e-commerce platform. Its merchandise is designed around fit, comfort and contemporary styles for the plus-size market, and the company also offers extended-size collections and specialized fit options.

Founded in 2001, Torrid primarily serves customers in the United States and Canada.

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