Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.39.

A number of research analysts recently weighed in on CURV shares. 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 research report on Monday, April 1st. B. Riley began coverage on Torrid in a report on Thursday, February 8th. They issued a “buy” rating and a $7.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a report on Monday, April 1st.

Hedge Funds Weigh In On Torrid

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of Torrid by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock worth $393,000 after purchasing an additional 6,368 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Torrid in the fourth quarter worth about $62,000. Great Lakes Advisors LLC bought a new stake in shares of Torrid in the fourth quarter worth about $93,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Torrid in the third quarter worth about $54,000. Finally, Fund 1 Investments LLC increased its holdings in shares of Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares during the last quarter. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Torrid Stock Down 1.4 %

CURV stock opened at $4.91 on Friday. Torrid has a twelve month low of $1.21 and a twelve month high of $6.86. The firm has a market cap of $512.26 million, a PE ratio of 49.10 and a beta of 1.99. The business has a 50 day moving average of $4.49 and a 200 day moving average of $4.34.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. Torrid had a negative return on equity of 5.42% and a net margin of 0.99%. The company had revenue of $293.54 million during the quarter, compared to analyst estimates of $276.20 million. During the same quarter last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, research analysts expect that Torrid will post 0.17 earnings per share for the current fiscal year.

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 and Torrid Curve 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.