Torrid Holdings Inc. (NYSE:CURV) Receives $4.75 Consensus Target Price from Brokerages

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.75.

Several equities analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Torrid in a research note on Thursday. They issued a "neutral" rating for the company. The Goldman Sachs Group lowered shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 target price on the stock. in a research report on Tuesday, April 22nd. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 price target on shares of Torrid in a research report on Monday, June 2nd.

Torrid Stock Performance

Shares of CURV traded up $0.10 during mid-day trading on Thursday, hitting $4.94. 192,762 shares of the company were exchanged, compared to its average volume of 388,077. The stock has a market cap of $515.38 million, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14. The company has a 50 day moving average of $5.44 and a 200-day moving average of $5.49.

Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $265.97 million for the quarter, compared to analyst estimates of $270.95 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. Research analysts anticipate that Torrid will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Torrid

A number of hedge funds have recently made changes to their positions in CURV. Nomura Holdings Inc. acquired a new stake in Torrid during the fourth quarter valued at approximately $14,240,000. Bank of America Corp DE increased its holdings in shares of Torrid by 4,794.2% in the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company's stock valued at $2,215,000 after acquiring an additional 414,942 shares during the last quarter. Shay Capital LLC raised its position in shares of Torrid by 140.2% during the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after acquiring an additional 279,521 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Torrid by 103.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock worth $2,288,000 after purchasing an additional 222,504 shares during the last quarter. Finally, State of Wyoming bought a new position in Torrid during the fourth quarter worth $570,000. 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.