Torrid Holdings Inc. (NYSE:CURV) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Consensus rating: Eight analysts give Torrid a consensus rating of "Reduce" (3 sell, 4 hold, 1 buy) with an average 12‑month target price of $1.44.
• Insider selling: Insider Ashlee Wheeler and CFO Paula Dempsey recently sold 30,013 and 42,785 shares respectively—reducing their stakes by about 12.7% and 15.8%—and insiders now own 5.85% of the stock.
• Price and results: Shares trade around $1.69 (market cap ~$168M) with a negative P/E; Torrid beat quarterly EPS and revenue estimates but remains unprofitable and analysts expect roughly -$0.03 EPS for the year.

Shares of Torrid Holdings Inc. (NYSE:CURV - Get Free Report) have received a consensus rating of "Reduce" from the eight analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $1.44.

Several analysts recently weighed in on CURV shares. Zacks Research raised Torrid from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Torrid in a report on Monday, April 20th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 target price on shares of Torrid in a research report on Monday, March 16th.

Insider Buying and Selling at Torrid

In other Torrid news, insider Ashlee Wheeler sold 30,013 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $1.98, for a total transaction of $59,425.74. Following the sale, the insider directly owned 205,856 shares of the company's stock, valued at approximately $407,594.88. This represents a 12.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paula Dempsey sold 42,785 shares of the firm's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total transaction of $88,137.10. Following the completion of the transaction, the chief financial officer owned 227,923 shares in the company, valued at approximately $469,521.38. The trade was a 15.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.85% of the company's stock.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently modified their holdings of CURV. Wells Fargo & Company MN lifted its holdings in Torrid by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company's stock worth $37,000 after acquiring an additional 11,962 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Torrid by 985.7% during the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company's stock valued at $42,000 after purchasing an additional 22,030 shares during the last quarter. Abel Hall LLC bought a new position in shares of Torrid during the fourth quarter valued at approximately $49,000. Jain Global LLC acquired a new stake in shares of Torrid during the 4th quarter worth approximately $55,000. Finally, Rhumbline Advisers raised its position in shares of Torrid by 30.4% during the 3rd quarter. Rhumbline Advisers now owns 35,384 shares of the company's stock worth $62,000 after purchasing an additional 8,250 shares during the period. Institutional investors own 81.82% of the company's stock.

Torrid Price Performance

NYSE CURV opened at $1.69 on Friday. The company has a market capitalization of $168.45 million, a price-to-earnings ratio of -28.21 and a beta of 0.96. Torrid has a 12 month low of $0.94 and a 12 month high of $6.69. The company's fifty day moving average price is $1.60 and its two-hundred day moving average price is $1.33.

Torrid (NYSE:CURV - Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.04. The company had revenue of $236.17 million during the quarter, compared to analyst estimates of $231.11 million. As a group, analysts anticipate that Torrid will post -0.03 EPS for the current year.

Torrid Company Profile

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.

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