Torrid Holdings Inc. (NYSE:CURV) Receives Average Rating of “Hold” from Analysts

Torrid Holdings Inc. (NYSE:CURV) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.79.

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a report on Monday, April 1st. Telsey Advisory Group lifted their price target on shares of Torrid from $6.00 to $8.00 and gave the stock a “market perform” rating in a report on Thursday, June 13th.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently bought and sold shares of the stock. Fund 1 Investments LLC grew its holdings 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 purchasing an additional 166,841 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Torrid by 145.5% in the first 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 period. Great Lakes Advisors LLC purchased a new stake in Torrid in the fourth quarter valued at approximately $93,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Torrid in the fourth quarter valued at approximately $62,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Torrid Trading Down 0.1 %

NYSE:CURV opened at $7.80 on Friday. The firm has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $5.42. Torrid has a twelve month low of $1.21 and a twelve month high of $7.98. The company has a market capitalization of $813.93 million, a P/E ratio of 70.92 and a beta of 2.04.

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