Torrid (NYSE:CURV) Stock Price Down 7.2% – Should You Sell?

Shares of Torrid Holdings Inc. (NYSE:CURV) were down 7.2% during trading on Tuesday . The company traded as low as $5.71 and last traded at $5.52. Approximately 33,118 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 309,960 shares. The stock had previously closed at $5.95.

Analyst Upgrades and Downgrades

CURV has been the subject of several recent analyst reports. Telsey Advisory Group upped their price objective on shares of Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Friday, March 21st. Morgan Stanley increased their price target on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on Torrid from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Bank of America initiated coverage on shares of Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Torrid Price Performance

The firm has a market cap of $567.99 million, a price-to-earnings ratio of 36.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99. The firm’s fifty day moving average is $6.08 and its 200-day moving average is $4.93.

Torrid (NYSE:CURV) last announced its quarterly earnings data 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 company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $263.34 million. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Torrid Holdings Inc. will post 0.14 EPS for the current year.

Institutional Trading of Torrid

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Torrid by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after purchasing an additional 6,968 shares during the period. Geode Capital Management LLC boosted its position in shares of Torrid by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock worth $1,022,000 after purchasing an additional 26,703 shares in the last quarter. Barclays PLC grew its stake in shares of Torrid by 354.5% in the 3rd quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after buying an additional 13,584 shares during the period. JPMorgan Chase & Co. increased its position in Torrid by 125.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock valued at $82,000 after buying an additional 11,551 shares in the last quarter. Finally, Bravias Capital Group LLC acquired a new position in Torrid during the 4th quarter worth approximately $137,000. 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.