Torrid (NYSE:CURV) Trading Down 6.2% - What's Next?

Torrid Holdings Inc. (NYSE:CURV - Get Free Report)'s share price fell 6.2% on Monday . The company traded as low as $6.13 and last traded at $6.06. 15,157 shares changed hands during mid-day 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

CURV has been the topic of a number of analyst reports. Morgan Stanley raised their target price on Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Tuesday, January 21st. Telsey Advisory Group raised their price objective on Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group lowered Torrid from a "neutral" rating to a "sell" rating and set a $4.00 target price on the stock. in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.75.

Torrid Stock Performance

The stock has a market capitalization of $564.41 million, a PE ratio of 36.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The stock's 50 day moving average is $5.52 and its two-hundred day moving average is $5.27.

Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The business had revenue of $275.60 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.04) earnings per share. Equities research analysts expect that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew 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 buying an additional 5,678 shares during the period. Corebridge Financial Inc. grew its holdings in shares of Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock worth $53,000 after purchasing an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after purchasing an additional 4,013 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Torrid during the 1st quarter worth about $68,000. Finally, Barclays PLC boosted its stake in Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company's stock worth $69,000 after buying an additional 13,584 shares during the period. 81.82% of the stock is owned by institutional investors and hedge funds.

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.