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

Torrid Holdings Inc. (NYSE:CURV) has been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.44.

CURV has been the subject of several analyst reports. Morgan Stanley downgraded Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Thursday, July 18th. Telsey Advisory Group restated a “market perform” rating and set a $8.00 price objective on shares of Torrid in a research report on Wednesday, September 4th. Finally, William Blair upgraded Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th.

Torrid Stock Down 2.6 %

Shares of NYSE CURV opened at $4.12 on Wednesday. Torrid has a 12 month low of $1.26 and a 12 month high of $9.14. The company has a market cap of $429.92 million, a price-to-earnings ratio of 37.45 and a beta of 2.01. The business has a fifty day simple moving average of $6.67 and a 200-day simple moving average of $6.09.

Torrid (NYSE:CURV) last announced its earnings results on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. The business had revenue of $284.60 million during the quarter, compared to the consensus estimate of $282.87 million. During the same period in the prior year, the business posted $0.06 earnings per share. Torrid’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Torrid will post 0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Elizabeth Munoz sold 28,228 shares of Torrid stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total transaction of $107,266.40. Following the completion of the sale, the insider now directly owns 1,948,683 shares in the company, valued at approximately $7,404,995.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Lisa M. Harper sold 498,087 shares of Torrid stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.80, for a total transaction of $1,892,730.60. Following the completion of the sale, the chief executive officer now directly owns 5,596,314 shares in the company, valued at approximately $21,265,993.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elizabeth Munoz sold 28,228 shares of Torrid stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.80, for a total value of $107,266.40. Following the sale, the insider now owns 1,948,683 shares of the company’s stock, valued at $7,404,995.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,164,601 shares of company stock worth $34,825,484. 9.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CURV. Fund 1 Investments LLC raised its stake in shares of Torrid by 493.6% in the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after acquiring an additional 166,841 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake 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 valued at $416,000 after acquiring an additional 50,466 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Torrid by 161.0% in the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after acquiring an additional 23,553 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Torrid in the 4th quarter valued at approximately $93,000. 81.82% of the stock is owned by institutional investors.

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.