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

Torrid Holdings Inc. (NYSE:CURV) has received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.00.

A number of research firms have issued reports on CURV. Morgan Stanley increased their price target on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday. Telsey Advisory Group cut their price target 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 began coverage on Torrid in a report on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in Torrid by 354.5% in the 3rd quarter. Barclays PLC now owns 17,416 shares of the company’s stock worth $69,000 after purchasing an additional 13,584 shares during the period. JPMorgan Chase & Co. boosted its stake in Torrid by 125.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock worth $82,000 after purchasing an additional 11,551 shares during the period. Maven Securities LTD bought a new position in Torrid in the 3rd quarter worth about $98,000. Quadrature Capital Ltd bought a new position in Torrid in the 3rd quarter worth about $104,000. Finally, XTX Topco Ltd bought a new position in Torrid in the 3rd quarter worth about $145,000. Institutional investors own 81.82% of the company’s stock.

Torrid Trading Down 0.1 %

NYSE:CURV opened at $6.56 on Friday. The stock has a market cap of $686.70 million, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 1.88 and a beta of 1.91. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $5.37. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14.

Torrid (NYSE:CURV) last announced its earnings results on Tuesday, December 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. As a group, equities analysts forecast that Torrid will post 0.14 EPS for the current year.

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.