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

Torrid Holdings Inc. (NYSE:CURV) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $5.20.

A number of brokerages have issued reports on CURV. Bank of America initiated coverage on shares of Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price on the stock. Telsey Advisory Group reduced their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. The Goldman Sachs Group lowered their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Finally, William Blair upgraded Torrid from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CURV. Ritholtz Wealth Management lifted its holdings in Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Torrid by 87.3% in the 3rd 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after acquiring an additional 6,968 shares during the period. Verition Fund Management LLC bought a new position in shares of Torrid in the third quarter valued at approximately $166,000. Finally, Centiva Capital LP acquired a new position in shares of Torrid during the third quarter valued at approximately $3,930,000. Institutional investors own 81.82% of the company’s stock.

Torrid Stock Down 1.7 %

NYSE:CURV opened at $5.19 on Tuesday. The company has a market cap of $543.69 million, a PE ratio of 34.60, a P/E/G ratio of 1.20 and a beta of 2.01. The business’s 50 day moving average is $4.12 and its two-hundred day moving average is $5.53. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14.

Torrid Company Profile

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.