Torrid (NYSE:CURV) Stock Price Up 8.2%

Torrid Holdings Inc. (NYSE:CURV)’s share price traded up 8.2% during mid-day trading on Friday . The company traded as high as $8.81 and last traded at $8.81. 128,219 shares were traded during trading, an increase of 23% from the average session volume of 104,278 shares. The stock had previously closed at $8.14.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CURV. Telsey Advisory Group raised their target price on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. The Goldman Sachs Group lifted their price objective on shares of Torrid from $2.95 to $5.75 and gave the company a “neutral” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Torrid has a consensus rating of “Hold” and a consensus price target of $4.79.

Torrid Stock Up 7.9 %

The stock has a market capitalization of $916.19 million, a price-to-earnings ratio of 73.92 and a beta of 2.04. The company’s fifty day simple moving average is $6.62 and its 200 day simple moving average is $5.52.

Torrid (NYSE:CURV) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Torrid had a negative return on equity of 5.79% and a net margin of 1.05%. The business had revenue of $279.77 million during the quarter, compared to the consensus estimate of $280.15 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, analysts anticipate that Torrid Holdings Inc. will post 0.18 earnings per share for the current year.

Institutional Trading of Torrid

Several hedge funds and other institutional investors have recently bought and sold shares of CURV. Nisa Investment Advisors LLC acquired a new position in Torrid during the fourth quarter worth about $62,000. Great Lakes Advisors LLC bought a new position in Torrid in the 4th quarter valued at approximately $93,000. O Shaughnessy Asset Management LLC lifted its stake in Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after purchasing an additional 50,466 shares during the last quarter. Finally, Fund 1 Investments LLC grew its stake in shares of Torrid by 493.6% during the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after buying an additional 166,841 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

About Torrid

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.