Torrid Holdings Inc. (NYSE:CURV) Stock Has Average Target Price of $1.81

Torrid Holdings Inc. (NYSE:CURV) has been assigned an average rating of “Reduce” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1.81.

A number of research analysts recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $1.80 target price on shares of Torrid in a report on Monday, July 6th. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a report on Friday, July 17th. Zacks Research lowered Torrid from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research note on Friday, June 5th. Finally, Wall Street Zen upgraded Torrid from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th.

Torrid Stock Performance

Shares of CURV stock opened at $2.48 on Wednesday. Torrid has a fifty-two week low of $0.94 and a fifty-two week high of $2.86. The company has a 50 day moving average price of $2.35 and a 200 day moving average price of $1.99. The stock has a market capitalization of $247.51 million, a P/E ratio of -27.58 and a beta of 0.69.

Torrid (NYSE:CURV) last released its earnings results on Thursday, September 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $231.73 million for the quarter, compared to analyst estimates of $237.24 million. On average, research analysts forecast that Torrid will post -0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CURV. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Torrid in the 1st quarter valued at approximately $3,560,000. BlackRock Inc. acquired a new stake in shares of Torrid in the 2nd quarter valued at $3,585,000. SG Americas Securities LLC purchased a new stake in shares of Torrid during the 1st quarter worth $3,387,000. Bank of America Corp DE purchased a new stake in shares of Torrid during the 2nd quarter worth $859,000. Finally, JB Capital Partners LP acquired a new position in shares of Torrid during the second quarter worth $280,500. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Torrid Company Profile

Torrid Holdings Inc is a specialty retailer focused on fashion apparel, lingerie and accessories for women who wear sizes 10 to 30. Through its Torrid brand, the company offers dresses, tops, bottoms, activewear, outerwear, intimates, swimwear, footwear and accessories, with an emphasis on fit, style and inclusive sizing.

Founded in 2001, Torrid operates an omnichannel retail model that combines a network of stores with its e-commerce platform. The company serves customers primarily in the United States and Canada, offering products through physical retail locations, its website and other digital shopping channels.

Torrid Holdings became a publicly traded company in 2021.