Torrid Holdings Inc. (NYSE:CURV) Receives $4.75 Consensus Target Price from Analysts

Torrid Holdings Inc. (NYSE:CURV) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.75.

A number of brokerages have recently issued reports on CURV. BTIG Research began coverage on shares of Torrid in a research report on Thursday, June 12th. They set a “neutral” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 target price on shares of Torrid in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group lowered shares of Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price objective on the stock. in a report on Tuesday, April 22nd.

Torrid Stock Up 1.7%

NYSE:CURV opened at $3.03 on Monday. The firm has a market cap of $318.21 million, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. Torrid has a 12 month low of $2.18 and a 12 month high of $9.14. The company’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $5.42.

Torrid (NYSE:CURV) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. The firm had revenue of $265.97 million for the quarter, compared to analyst estimates of $270.95 million. On average, research analysts expect that Torrid will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling at Torrid

In other Torrid news, CEO Lisa M. Harper sold 350,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $3.32, for a total value of $1,162,000.00. Following the completion of the sale, the chief executive officer owned 5,266,453 shares of the company’s stock, valued at approximately $17,484,623.96. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $2.74, for a total transaction of $685,000.00. Following the completion of the sale, the insider directly owned 9,814,856 shares of the company’s stock, valued at $26,892,705.44. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,538,741 shares of company stock valued at $54,611,499. Corporate insiders own 5.85% of the company’s stock.

Institutional Investors Weigh In On Torrid

Several large investors have recently made changes to their positions in the stock. Nomura Holdings Inc. grew its position in Torrid by 19.5% in the first quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock valued at $17,835,000 after purchasing an additional 531,713 shares in the last quarter. Shay Capital LLC grew its position in Torrid by 140.2% in the fourth quarter. Shay Capital LLC now owns 478,880 shares of the company’s stock valued at $2,505,000 after purchasing an additional 279,521 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Torrid by 103.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company’s stock valued at $2,288,000 after purchasing an additional 222,504 shares in the last quarter. Bank of America Corp DE grew its position in Torrid by 4,794.2% in the fourth quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock valued at $2,215,000 after purchasing an additional 414,942 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Torrid by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 347,808 shares of the company’s stock valued at $1,819,000 after purchasing an additional 87,879 shares in the last quarter. Institutional investors own 81.82% of the company’s stock.

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.