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

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average rating of “Reduce” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $1.44.

CURV has been the subject of a number of analyst reports. William Blair downgraded Torrid from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group cut their target price on Torrid from $1.50 to $0.75 and set a “sell” rating on the stock in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a report on Wednesday, January 21st. Morgan Stanley restated an “underweight” rating and set a $1.01 price objective on shares of Torrid in a research note on Thursday, December 4th. Finally, Bank of America dropped their price target on shares of Torrid from $6.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th.

Insider Buying and Selling at Torrid

In related news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $1.31, for a total transaction of $32,750.00. Following the completion of the sale, the insider directly owned 9,904,856 shares of the company’s stock, valued at approximately $12,975,361.36. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CURV. Rhumbline Advisers boosted its holdings in shares of Torrid by 27.1% in the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after buying an additional 4,673 shares during the last quarter. BNP Paribas Financial Markets raised its position in Torrid by 985.7% in the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock worth $42,000 after acquiring an additional 22,030 shares during the period. Creative Planning boosted its stake in Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after acquiring an additional 11,641 shares during the last quarter. Royce & Associates LP grew its position in shares of Torrid by 161.4% during the 3rd quarter. Royce & Associates LP now owns 41,868 shares of the company’s stock valued at $73,000 after acquiring an additional 25,854 shares during the period. Finally, State of Wyoming grew its position in shares of Torrid by 17.3% during the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after acquiring an additional 6,580 shares during the period. Institutional investors own 81.82% of the company’s stock.

Torrid Stock Down 2.6%

Shares of CURV opened at $1.24 on Friday. The business’s fifty day moving average is $1.15 and its 200 day moving average is $1.64. Torrid has a 12-month low of $0.94 and a 12-month high of $7.19. The stock has a market cap of $122.71 million, a P/E ratio of -123.70 and a beta of 1.49.

Torrid (NYSE:CURV) last released its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The business had revenue of $235.15 million for the quarter, compared to analyst estimates of $239.90 million. Torrid had a negative return on equity of 1.69% and a negative net margin of 0.18%.During the same quarter in the previous year, the company posted ($0.01) EPS. On average, analysts expect that Torrid will post 0.14 EPS for the current year.

About Torrid

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.