Torrid Holdings Inc. (NYSE:CURV) Given Consensus Rating of “Hold” by Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $5.45.

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $8.00 price target on shares of Torrid in a research report on Wednesday, September 4th. Morgan Stanley downgraded shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Thursday, July 18th. Finally, William Blair upgraded shares of Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday.

Torrid Stock Performance

CURV opened at $4.38 on Wednesday. The stock has a market capitalization of $456.53 million, a price-to-earnings ratio of 39.77 and a beta of 2.01. Torrid has a fifty-two week low of $1.25 and a fifty-two week high of $9.14. The company has a fifty day moving average of $7.09 and a 200 day moving average of $6.12.

Torrid (NYSE:CURV) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $284.60 million during the quarter, compared to analyst estimates of $282.87 million. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities research analysts forecast that Torrid will post 0.19 earnings per share for the current year.

Insider Buying and Selling at Torrid

In other news, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $27,675,179.60. Following the completion of the sale, the insider now owns 75,069,044 shares in the company, valued at approximately $285,262,367.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Elizabeth Munoz sold 188,189 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total transaction of $715,118.20. Following the completion of the transaction, the insider now owns 1,976,911 shares in the company, valued at approximately $7,512,261.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $27,675,179.60. Following the completion of the sale, the insider now owns 75,069,044 shares in the company, valued at approximately $285,262,367.20. The disclosure for this sale can be found here. Insiders have sold 7,969,218 shares of company stock worth $30,283,028 over the last quarter. Insiders own 9.77% of the company’s stock.

Institutional Trading of Torrid

A number of large investors have recently made changes to their positions in the stock. Great Lakes Advisors LLC bought a new stake in shares of Torrid during the fourth quarter valued at approximately $93,000. Fund 1 Investments LLC raised its position in Torrid by 493.6% during the 4th 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 in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after buying an additional 50,466 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Torrid by 161.0% during the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after buying an additional 23,553 shares in the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

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.