Torrid Holdings Inc. (NYSE:CURV) Receives $4.39 Average Target Price from Brokerages

Torrid Holdings Inc. (NYSE:CURV) has been given an average rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.39.

A number of research firms have recently weighed in on CURV. B. Riley began coverage on shares of Torrid in a research note on Thursday, February 8th. They issued a “buy” rating and a $7.00 price target on the stock. Telsey Advisory Group upped their price target on shares of Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a report on Monday, April 1st.

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in Torrid by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock valued at $393,000 after acquiring an additional 6,368 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Torrid in the fourth quarter valued at approximately $62,000. Great Lakes Advisors LLC bought a new position in Torrid in the fourth quarter valued at approximately $93,000. Allspring Global Investments Holdings LLC bought a new position in Torrid in the third quarter valued at approximately $54,000. Finally, Fund 1 Investments LLC boosted its stake in Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after acquiring an additional 166,841 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Torrid Stock Performance

NYSE CURV opened at $5.06 on Friday. Torrid has a twelve month low of $1.21 and a twelve month high of $6.86. The stock has a market cap of $527.91 million, a price-to-earnings ratio of 50.61 and a beta of 1.99. The firm’s 50 day moving average price is $4.49 and its two-hundred day moving average price is $4.33.

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

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 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.