Torrid (NYSE:CURV) Trading 1.4% Higher

Torrid Holdings Inc. (NYSE:CURVGet Rating) traded up 1.4% during trading on Tuesday . The stock traded as high as $3.56 and last traded at $3.51. 72,903 shares traded hands during trading, a decline of 38% from the average session volume of 116,703 shares. The stock had previously closed at $3.46.

Analyst Ratings Changes

Several brokerages have recently weighed in on CURV. Telsey Advisory Group decreased their price target on Torrid from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday, December 9th. William Blair downgraded Torrid from an “outperform” rating to a “market perform” rating in a report on Friday, December 9th. Finally, The Goldman Sachs Group dropped their target price on Torrid from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, December 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Torrid currently has an average rating of “Hold” and an average target price of $5.70.

Torrid Price Performance

The company has a market capitalization of $363.85 million, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47. The firm has a fifty day simple moving average of $3.49 and a 200 day simple moving average of $4.51.

Torrid (NYSE:CURVGet Rating) last posted its earnings results on Thursday, December 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Torrid had a negative return on equity of 25.98% and a net margin of 2.46%. The business had revenue of $290.03 million for the quarter, compared to analyst estimates of $299.18 million. Research analysts predict that Torrid Holdings Inc. will post 0.46 EPS for the current year.

Insider Buying and Selling at Torrid

In related news, Director Theo Killion bought 10,000 shares of Torrid stock in a transaction that occurred on Monday, December 19th. The shares were purchased at an average price of $2.82 per share, with a total value of $28,200.00. Following the purchase, the director now owns 37,429 shares in the company, valued at $105,549.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Torrid

Hedge funds have recently bought and sold shares of the company. Kestrel Investment Management Corp bought a new stake in shares of Torrid during the second quarter valued at approximately $1,432,000. Millennium Management LLC boosted its stake in shares of Torrid by 936.2% during the 2nd quarter. Millennium Management LLC now owns 152,452 shares of the company’s stock valued at $659,000 after buying an additional 137,740 shares during the period. BlackRock Inc. lifted its stake in shares of Torrid by 15.8% in the 1st quarter. BlackRock Inc. now owns 885,970 shares of the company’s stock valued at $5,369,000 after purchasing an additional 120,915 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Torrid by 2,270.7% in the 1st quarter. Citigroup Inc. now owns 77,284 shares of the company’s stock valued at $469,000 after purchasing an additional 74,024 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Torrid during the 3rd quarter worth $293,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Torrid Company Profile

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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.

Further Reading

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