Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Eight analysts have a consensus rating of "Reduce" on Torrid (4 sell, 3 hold, 1 buy), with an average 12‑month price target of $1.44.
• Torrid beat the latest quarter's estimates with EPS of ($0.08) vs. ($0.12) expected and revenue of $236.17M vs. $231.11M, but still reported a negative net margin and negative return on equity.
• Shares trade around $1.76 (50‑ and 200‑day SMAs ≈ $1.30) with a 12‑month range of $0.94–$6.69, a market cap of $174.3M, a negative P/E (-29.25), and institutional ownership of 81.82%.

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

A number of brokerages recently commented on CURV. Telsey Advisory Group restated a "market perform" rating and set a $2.00 price objective on shares of Torrid in a report on Monday, March 16th. Zacks Research lowered shares of Torrid from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 17th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Torrid in a report on Wednesday, January 21st.

Institutional Investors Weigh In On Torrid

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC increased its stake in Torrid by 47.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company's stock valued at $153,000 after buying an additional 50,000 shares during the last quarter. Fund 1 Investments LLC increased its stake in Torrid by 0.9% in the 4th quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company's stock valued at $9,691,000 after buying an additional 90,000 shares during the last quarter. Abel Hall LLC acquired a new stake in Torrid in the 4th quarter valued at $49,000. Jain Global LLC acquired a new stake in Torrid in the 4th quarter valued at $55,000. Finally, Wells Fargo & Company MN increased its stake in Torrid by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company's stock valued at $37,000 after buying an additional 11,962 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Torrid Stock Down 3.6%

Shares of NYSE:CURV opened at $1.76 on Wednesday. Torrid has a 12 month low of $0.94 and a 12 month high of $6.69. The company's fifty day simple moving average is $1.30 and its 200 day simple moving average is $1.30. The firm has a market cap of $174.31 million, a price-to-earnings ratio of -29.25 and a beta of 1.05.

Torrid (NYSE:CURV - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.04. Torrid had a negative net margin of 0.70% and a negative return on equity of 1.69%. The business had revenue of $236.17 million for the quarter, compared to analyst estimates of $231.11 million. Research analysts expect that Torrid will post 0.14 earnings per share for the current fiscal 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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