Torrid (NYSE:CURV) Shares Down 6.2% - Time to Sell?

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) traded down 6.2% on Monday . The company traded as low as $6.13 and last traded at $6.06. 15,157 shares changed hands during trading, a decline of 96% from the average session volume of 367,466 shares. The stock had previously closed at $6.46.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CURV. Morgan Stanley upped their price objective on Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group cut Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective for the company. in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group upped their target price on shares of Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.75.

Torrid Stock Down 11.0 %

The stock's 50-day moving average price is $5.57 and its 200-day moving average price is $5.22. The company has a market capitalization of $599.98 million, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94.

Torrid (NYSE:CURV - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. The firm had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The business's quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. On average, equities research analysts anticipate that Torrid Holdings Inc. will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Torrid

Several large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of Torrid by 150.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock valued at $49,000 after purchasing an additional 5,678 shares during the period. Corebridge Financial Inc. lifted its stake in Torrid by 53.6% in the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock valued at $53,000 after buying an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Torrid by 55.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after buying an additional 4,013 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Torrid during the 4th quarter worth about $80,000. Finally, Rhumbline Advisers increased its stake in shares of Torrid by 10.9% in the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock valued at $90,000 after acquiring an additional 1,685 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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