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

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

Several research firms have recently weighed in on CURV. Bank of America assumed 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. William Blair raised shares of Torrid from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 17th. The Goldman Sachs Group dropped their price objective on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reduced their target price on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th.

Hedge Funds Weigh In On Torrid

A number of large investors have recently modified their holdings of the stock. Ritholtz Wealth Management raised its position in shares of Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after acquiring an additional 23,553 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Torrid by 87.3% during the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after purchasing an additional 50,439 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Torrid by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after purchasing an additional 6,968 shares during the period. Verition Fund Management LLC acquired a new position in Torrid during the 3rd quarter valued at about $166,000. Finally, Centiva Capital LP bought a new position in shares of Torrid in the 3rd quarter valued at about $3,930,000. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Torrid Price Performance

Shares of CURV stock opened at $5.68 on Tuesday. The stock’s fifty day simple moving average is $4.32 and its 200 day simple moving average is $5.48. Torrid has a one year low of $2.18 and a one year high of $9.14. The firm has a market cap of $595.02 million, a price-to-earnings ratio of 37.87, a P/E/G ratio of 1.20 and a beta of 1.91.

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.