Torrid (NYSE:CURV) Stock Rating Upgraded by William Blair

William Blair upgraded shares of Torrid (NYSE:CURV) from a market perform rating to an outperform rating in a report issued on Tuesday morning, MarketBeat Ratings reports.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley cut Torrid from an equal weight rating to an underweight rating and set a $5.00 price objective for the company. in a report on Thursday, July 18th. Telsey Advisory Group restated a market perform rating and issued a $8.00 price objective on shares of Torrid in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $6.44.

Torrid Price Performance

CURV opened at $3.99 on Tuesday. The business’s 50-day moving average price is $6.95 and its two-hundred day moving average price is $6.09. Torrid has a 1 year low of $1.25 and a 1 year high of $9.14. The company has a market capitalization of $416.36 million, a price-to-earnings ratio of 36.27 and a beta of 2.01.

Torrid (NYSE:CURV) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $284.60 million during the quarter, compared to analysts’ expectations of $282.87 million. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. Torrid’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Sell-side analysts anticipate that Torrid will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Elizabeth Munoz sold 28,228 shares of Torrid stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total transaction of $107,266.40. Following the completion of the transaction, the insider now owns 1,948,683 shares in the company, valued at $7,404,995.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elizabeth Munoz sold 28,228 shares of Torrid stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total transaction of $107,266.40. Following the completion of the transaction, the insider now owns 1,948,683 shares in the company, valued at $7,404,995.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa M. Harper sold 498,087 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $1,892,730.60. Following the sale, the chief executive officer now owns 5,596,314 shares of the company’s stock, valued at approximately $21,265,993.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,164,601 shares of company stock worth $34,825,484. Company insiders own 9.77% of the company’s stock.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management boosted its holdings in shares of 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 acquiring an additional 23,553 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 50,466 shares during the period. Fund 1 Investments LLC raised its position in shares of Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after buying an additional 166,841 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Torrid in the fourth quarter valued at approximately $93,000. Institutional investors own 81.82% of the company’s stock.

Torrid Company Profile

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.