Brokerages Set Torrid Holdings Inc. (NYSE:CURV) Price Target at $5.25

Shares of Torrid Holdings Inc. (NYSE:CURV) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.20.

A number of equities analysts have recently commented on CURV shares. William Blair raised shares of Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. Telsey Advisory Group decreased their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Bank of America started coverage on Torrid in a report on Friday. They issued a “buy” rating and a $5.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th.

Insider Buying and Selling

In other news, insider Elizabeth Munoz sold 188,189 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $715,118.20. Following the transaction, the insider now directly owns 1,976,911 shares in the company, valued at approximately $7,512,261.80. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $27,675,179.60. Following the completion of the sale, the insider now directly owns 75,069,044 shares of the company’s stock, valued at approximately $285,262,367.20. This represents a 8.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,164,601 shares of company stock worth $34,825,484 in the last three months. Insiders own 9.77% of the company’s stock.

Hedge Funds Weigh In On Torrid

A number of hedge funds and other institutional investors have recently bought and sold shares of CURV. Centiva Capital LP acquired a new stake in Torrid during the 3rd quarter worth approximately $3,930,000. GSA Capital Partners LLP raised its holdings in shares of Torrid by 87.3% during the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after acquiring an additional 50,439 shares during the period. Verition Fund Management LLC bought a new stake in Torrid in the 3rd quarter valued at $166,000. XTX Topco Ltd acquired a new position in Torrid in the 3rd quarter worth $145,000. Finally, Geode Capital Management LLC increased its holdings in Torrid by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock worth $1,022,000 after purchasing an additional 26,703 shares in the last quarter. 81.82% of the stock is owned by institutional investors.

Torrid Stock Performance

NYSE:CURV opened at $4.16 on Friday. The firm’s 50-day moving average is $3.82 and its 200-day moving average is $5.74. Torrid has a 52-week low of $2.18 and a 52-week high of $9.14. The company has a market cap of $435.47 million, a price-to-earnings ratio of 27.73 and a beta of 2.01.

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.