Torrid (NYSE:CURV) Earns Neutral Rating from Analysts at BTIG Research

BTIG Research started coverage on shares of Torrid (NYSE:CURV - Free Report) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The firm issued a neutral rating on the stock.

Several other brokerages have also issued reports on CURV. 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 note on Tuesday, April 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 target price on shares of Torrid in a research note on Monday, June 2nd. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.75.

Torrid Stock Performance

Shares of Torrid stock traded up $0.15 on Thursday, reaching $5.10. The stock had a trading volume of 242,418 shares, compared to its average volume of 388,826. The business's 50-day moving average price is $5.45 and its two-hundred day moving average price is $5.52. Torrid has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The stock has a market cap of $535.61 million, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78.

Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $265.97 million during the quarter, compared to analysts' expectations of $270.95 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. As a group, equities analysts forecast that Torrid will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently modified their holdings of CURV. Rhumbline Advisers raised its stake in Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock worth $120,000 after acquiring an additional 4,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Torrid by 338.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company's stock valued at $269,000 after acquiring an additional 37,850 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of Torrid by 19.5% during the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company's stock worth $17,835,000 after buying an additional 531,713 shares in the last quarter. Nuveen LLC bought a new position in shares of Torrid during the 1st quarter worth approximately $221,000. Finally, Deutsche Bank AG acquired a new position in shares of Torrid during the first quarter worth approximately $68,000. Institutional investors 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.