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

Torrid Holdings Inc. (NYSE:CURV - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $4.98, but opened at $4.83. Torrid shares last traded at $4.93, with a volume of 208,138 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CURV shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price target on shares of Torrid in a research note on Monday, June 2nd. The Goldman Sachs Group cut shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price target on the stock. in a research note on Tuesday, April 22nd. Two equities research 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.75.

Torrid Stock Performance

The firm's 50-day moving average is $5.45 and its 200 day moving average is $5.49. The firm has a market capitalization of $513.81 million, a PE ratio of 32.83, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The business had revenue of $265.97 million for the quarter, compared to analyst estimates of $270.95 million. As a group, equities analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CURV. Nomura Holdings Inc. purchased a new position in Torrid in the 4th quarter valued at about $14,240,000. Bank of America Corp DE lifted its holdings in Torrid by 4,794.2% in the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company's stock valued at $2,215,000 after purchasing an additional 414,942 shares in the last quarter. Shay Capital LLC lifted its holdings in Torrid by 140.2% in the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after purchasing an additional 279,521 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Torrid by 103.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock valued at $2,288,000 after purchasing an additional 222,504 shares in the last quarter. Finally, State of Wyoming purchased a new position in Torrid in the 4th quarter valued at about $570,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

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.