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

Torrid Holdings Inc. (NYSE:CURV - Get Free Report)'s share 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 changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on CURV shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 target price on shares of Torrid in a research report on Monday. The Goldman Sachs Group downgraded Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price target on the stock. in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.75.

Torrid Stock Performance

The company's 50-day moving average price is $5.46 and its 200 day moving average price is $5.46. The stock has a market capitalization of $524.24 million, a P/E ratio of 33.63, a P/E/G ratio of 1.03 and a beta of 1.78.

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

Institutional Trading of Torrid

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock valued at $120,000 after buying an additional 4,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Torrid by 338.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company's stock worth $269,000 after buying an additional 37,850 shares during the period. Nomura Holdings Inc. grew its stake in Torrid by 19.5% in the first quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company's stock valued at $17,835,000 after purchasing an additional 531,713 shares during 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 purchased a new stake in shares of Torrid during the 1st quarter valued at $68,000. 81.82% of the stock is currently owned by 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.

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