Torrid (NYSE:CURV) Shares Gap Down - What's Next?

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $5.34, but opened at $4.88. Torrid shares last traded at $5.06, with a volume of 96,280 shares.

Wall Street Analyst Weigh In

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

Torrid Stock Up 1.5 %

The company has a market cap of $641.11 million, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 1.03 and a beta of 1.96. The company has a fifty day moving average of $5.55 and a 200 day moving average of $5.12.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $263.34 million. During the same period in the previous year, the company posted ($0.04) EPS. The business's quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts forecast that Torrid Holdings Inc. will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

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

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.