Torrid Holdings Inc. (NYSE:CURV) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned a consensus rating of “Reduce” from the seven analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.96.

A number of research analysts have weighed in on the stock. Telsey Advisory Group raised their price objective on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Morgan Stanley lowered shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Thursday, July 18th.

Institutional Trading of Torrid

Large investors have recently added to or reduced their stakes in the stock. Fund 1 Investments LLC increased its holdings in Torrid by 493.6% during the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after buying an additional 166,841 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in Torrid during the fourth quarter worth about $93,000. O Shaughnessy Asset Management LLC increased its holdings in Torrid by 145.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after buying an additional 50,466 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in 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 buying an additional 23,553 shares during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Torrid Stock Up 0.4 %

Shares of NYSE CURV opened at $6.84 on Friday. Torrid has a 12-month low of $1.21 and a 12-month high of $9.14. The firm has a market cap of $713.75 million, a PE ratio of 62.18 and a beta of 2.05. The company’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $6.00.

Torrid (NYSE:CURV) last released its quarterly earnings data on Wednesday, June 12th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. The firm had revenue of $279.77 million for the quarter, compared to analyst estimates of $280.15 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts predict that Torrid will post 0.18 earnings per share for the current year.

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.