Torrid (NYSE:CURV) Shares Up 6.2%

Torrid Holdings Inc. (NYSE:CURV - Get Free Report)'s stock price traded up 6.2% during trading on Tuesday . The company traded as high as $4.83 and last traded at $4.83. 8,785 shares were traded during mid-day trading, a decline of 93% from the average session volume of 126,274 shares. The stock had previously closed at $4.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CURV. B. Riley assumed coverage on Torrid in a research report on Thursday, February 8th. They set a "buy" rating and a $7.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of Torrid from $2.95 to $5.75 and gave the stock a "neutral" rating in a research note on Monday, April 1st. Finally, Telsey Advisory Group increased their target price on shares of Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.39.

Torrid Stock Performance

The firm has a market capitalization of $455.92 million, a PE ratio of 43.70 and a beta of 1.99. The company's 50-day moving average price is $4.59 and its 200-day moving average price is $4.14.

Torrid (NYSE:CURV - Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The firm had revenue of $293.54 million for the quarter, compared to analyst estimates of $276.20 million. Torrid had a net margin of 0.99% and a negative return on equity of 5.42%. Torrid's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. As a group, analysts anticipate that Torrid Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Transactions at Torrid

In related news, Director Valeria Rico Nikolov sold 25,380 shares of the business's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $5.62, for a total transaction of $142,635.60. Following the sale, the director now owns 51,457 shares of the company's stock, valued at $289,188.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.23% of the company's stock.

Hedge Funds Weigh In On Torrid

Several institutional investors and hedge funds have recently bought and sold shares of CURV. American International Group Inc. lifted its holdings in Torrid by 34.8% in the first quarter. American International Group Inc. now owns 9,147 shares of the company's stock worth $55,000 after acquiring an additional 2,362 shares during the last quarter. Barclays PLC raised its holdings in Torrid by 85.9% during the 1st quarter. Barclays PLC now owns 7,292 shares of the company's stock worth $32,000 after buying an additional 3,369 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Torrid by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 72,701 shares of the company's stock valued at $161,000 after acquiring an additional 3,666 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Torrid by 76.7% during the 1st quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company's stock valued at $52,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Torrid by 2.0% during the first quarter. Geode Capital Management LLC now owns 227,289 shares of the company's stock worth $991,000 after purchasing an additional 4,475 shares during the period. Institutional investors and hedge funds own 81.82% of the company's stock.

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.