Torrid Holdings Inc. (NYSE:CURV) Receives $1.44 Consensus PT from Analysts

Torrid Holdings Inc. (NYSE:CURV) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $1.44.

Several research firms have recently issued reports on CURV. Zacks Research upgraded shares of Torrid from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Monday, April 20th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price target on shares of Torrid in a report on Monday, March 16th.

Torrid Trading Down 8.9%

Shares of CURV opened at $1.40 on Thursday. The firm has a market cap of $139.60 million, a PE ratio of -23.38 and a beta of 0.93. Torrid has a 12 month low of $0.94 and a 12 month high of $5.39. The stock has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.35.

Torrid (NYSE:CURV) last announced its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $236.17 million for the quarter, compared to analysts’ expectations of $231.11 million. As a group, research analysts forecast that Torrid will post -0.03 EPS for the current year.

Insider Activity

In other news, insider Ashlee Wheeler sold 30,013 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $1.98, for a total value of $59,425.74. Following the transaction, the insider directly owned 205,856 shares of the company’s stock, valued at approximately $407,594.88. This represents a 12.72% 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, CFO Paula Dempsey sold 42,785 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total transaction of $88,137.10. Following the completion of the transaction, the chief financial officer owned 227,923 shares of the company’s stock, valued at approximately $469,521.38. This trade represents a 15.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CURV. Wells Fargo & Company MN increased its stake in Torrid by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock worth $37,000 after buying an additional 11,962 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Torrid by 985.7% in the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after acquiring an additional 22,030 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Torrid in the fourth quarter worth approximately $49,000. Royal Bank of Canada boosted its stake in shares of Torrid by 134.1% in the first quarter. Royal Bank of Canada now owns 28,138 shares of the company’s stock worth $50,000 after acquiring an additional 16,119 shares during the last quarter. Finally, Jain Global LLC purchased a new stake in shares of Torrid during the fourth quarter worth approximately $55,000. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Company Profile

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.