Torrid (NYSE:CURV) Stock Price Down 6% – Should You Sell?

Torrid Holdings Inc. (NYSE:CURV)’s share price traded down 6% during mid-day trading on Monday . The stock traded as low as $6.54 and last traded at $6.64. 282,795 shares were traded during mid-day trading, a decline of 3% from the average session volume of 292,083 shares. The stock had previously closed at $7.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CURV shares. 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 research note on Wednesday, December 4th. Bank of America began coverage on shares of Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 price target for the company. Telsey Advisory Group lowered their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Torrid presently has an average rating of “Hold” and an average price target of $5.00.

Torrid Price Performance

The company’s 50 day simple moving average is $5.32 and its two-hundred day simple moving average is $5.25. The stock has a market capitalization of $675.49 million, a P/E ratio of 42.99, a PEG ratio of 2.07 and a beta of 1.96.

Torrid (NYSE:CURV) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. On average, research analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in Torrid by 10.9% during the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock worth $90,000 after buying an additional 1,685 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Torrid by 125.2% during the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock valued at $82,000 after acquiring an additional 11,551 shares during the period. Barclays PLC boosted its holdings in Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after acquiring an additional 13,584 shares during the last quarter. Geode Capital Management LLC increased its position in Torrid by 11.4% in the third 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 during the period. Finally, XTX Topco Ltd bought a new stake in Torrid during the 3rd quarter worth about $145,000. 81.82% of the stock is owned by institutional investors.

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.