Torrid Holdings Inc. (NYSE:CURV) Receives $5.45 Consensus Price Target from Brokerages

Torrid Holdings Inc. (NYSE:CURV) has been given an average rating of “Hold” by the five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.44.

CURV has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research report on Thursday, July 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 price objective on shares of Torrid in a research report on Wednesday, September 4th. Finally, William Blair upgraded shares of Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th.

Insider Activity at Torrid

In other news, CEO Lisa M. Harper sold 498,087 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $1,892,730.60. Following the completion of the transaction, the chief executive officer now owns 5,596,314 shares of the company’s stock, valued at approximately $21,265,993.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Torrid news, CEO Lisa M. Harper sold 74,713 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $3.80, for a total value of $283,909.40. Following the completion of the transaction, the chief executive officer now owns 5,521,601 shares in the company, valued at approximately $20,982,083.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa M. Harper sold 498,087 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $1,892,730.60. Following the completion of the transaction, the chief executive officer now directly owns 5,596,314 shares in the company, valued at $21,265,993.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,164,601 shares of company stock valued at $34,825,484. 9.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Torrid

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management grew its stake in shares of Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Torrid by 145.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after purchasing an additional 50,466 shares in the last quarter. Fund 1 Investments LLC grew its stake 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 in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Torrid in the fourth quarter worth $93,000. 81.82% of the stock is owned by institutional investors and hedge funds.

Torrid Trading Down 7.4 %

Shares of CURV opened at $3.99 on Wednesday. The firm has a market cap of $416.36 million, a PE ratio of 36.27 and a beta of 2.01. The company’s 50 day simple moving average is $6.85 and its 200-day simple moving average is $6.09. Torrid has a 12-month low of $1.25 and a 12-month high of $9.14.

Torrid (NYSE:CURV) last announced its earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $284.60 million for the quarter, compared to analyst estimates of $282.87 million. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. As a group, equities research analysts forecast that Torrid will post 0.19 EPS 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, 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.