Torrid Holdings Inc. (NYSE:CURV) Given Average Recommendation of "Hold" by Brokerages

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

Several equities analysts have commented on the company. The Goldman Sachs Group lowered Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective for the company. in a research report on Tuesday, April 22nd. Telsey Advisory Group reissued a "market perform" rating and set a $6.00 price target on shares of Torrid in a research report on Monday, June 2nd. Finally, BTIG Research started coverage on shares of Torrid in a report on Thursday, June 12th. They issued a "neutral" rating on the stock.

Insider Buying and Selling

In other Torrid news, CEO Lisa M. Harper sold 350,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $3.32, for a total value of $1,162,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,266,453 shares in the company, valued at $17,484,623.96. This represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 257,833 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $2.73, for a total transaction of $703,884.09. Following the completion of the sale, the insider owned 10,064,856 shares in the company, valued at approximately $27,477,056.88. The trade was a 2.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,538,741 shares of company stock valued at $54,611,499. 5.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Torrid

Several institutional investors have recently added to or reduced their stakes in CURV. Nomura Holdings Inc. purchased a new stake in shares of Torrid during the 4th quarter worth approximately $14,240,000. Bank of America Corp DE raised its stake in Torrid by 4,794.2% during the fourth quarter. Bank of America Corp DE now owns 423,597 shares of the company's stock valued at $2,215,000 after purchasing an additional 414,942 shares in the last quarter. Shay Capital LLC lifted its position in Torrid by 140.2% during the fourth quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after purchasing an additional 279,521 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Torrid by 103.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock worth $2,288,000 after buying an additional 222,504 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Torrid in the 4th quarter worth about $570,000. Hedge funds and other institutional investors own 81.82% of the company's stock.

Torrid Stock Performance

Shares of CURV stock traded up $0.25 on Monday, hitting $2.98. 710,727 shares of the company's stock traded hands, compared to its average volume of 464,079. The company's fifty day simple moving average is $4.79 and its 200 day simple moving average is $5.44. Torrid has a one year low of $2.18 and a one year high of $9.14. The stock has a market capitalization of $312.43 million, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.77 and a beta of 1.59.

Torrid (NYSE:CURV - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $265.97 million for the quarter, compared to analysts' expectations of $270.95 million. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. As a group, sell-side analysts anticipate that Torrid will post 0.14 earnings per share for the current fiscal year.

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, 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.