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

Shares of Torrid Holdings Inc. (NYSE:CURV - Get Free Report) have received a consensus rating of "Hold" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating 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 research analysts have recently commented on CURV shares. Telsey Advisory Group restated a "market perform" rating and issued a $6.00 price target on shares of Torrid in a report on Monday, June 2nd. BTIG Research started coverage on shares of Torrid in a report on Thursday, June 12th. They issued a "neutral" rating for the company. Finally, The Goldman Sachs Group lowered shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price target for the company. in a report on Tuesday, April 22nd.

Insider Buying and Selling at Torrid

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 shares were sold at an average price of $3.32, for a total transaction of $1,162,000.00. Following the transaction, the chief executive officer owned 5,266,453 shares in the company, valued at approximately $17,484,623.96. This represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $3.32, for a total transaction of $52,060,614.56. Following the completion of the sale, the insider directly owned 58,295,694 shares in the company, valued at $193,541,704.08. This trade represents a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,538,741 shares of company stock worth $54,611,499. 9.77% of the stock is owned by corporate insiders.

Institutional Trading of Torrid

Several large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings 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 buying an additional 222,504 shares in the last quarter. Northern Trust Corp boosted its holdings in Torrid by 38.7% during the fourth quarter. Northern Trust Corp now owns 189,580 shares of the company's stock worth $992,000 after buying an additional 52,891 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 worth $2,215,000 after buying an additional 414,942 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Torrid by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 347,808 shares of the company's stock worth $1,819,000 after buying an additional 87,879 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Torrid by 83.9% during the fourth quarter. Barclays PLC now owns 32,036 shares of the company's stock worth $168,000 after buying an additional 14,620 shares in the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Stock Performance

Torrid stock traded down $0.09 during trading hours on Monday, hitting $2.70. The company had a trading volume of 770,562 shares, compared to its average volume of 459,971. The firm has a market cap of $283.55 million, a P/E ratio of 27.00, a P/E/G ratio of 1.90 and a beta of 1.59. 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 price of $4.94 and a two-hundred day moving average price of $5.48.

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