Brokerages Set Torrid Holdings Inc. (NYSE:CURV) Target Price at $1.44

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $1.44.

Several brokerages recently weighed in on CURV. Wall Street Zen downgraded shares of Torrid from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Torrid in a research note on Monday. Zacks Research raised shares of Torrid from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group cut their price objective on shares of Torrid from $1.50 to $0.75 and set a “sell” rating on the stock in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a report on Wednesday, January 21st.

Torrid Stock Down 2.7%

Shares of NYSE:CURV opened at $1.27 on Friday. Torrid has a 52-week low of $0.94 and a 52-week high of $6.95. The stock has a market cap of $125.49 million, a price-to-earnings ratio of -126.50 and a beta of 1.51. The business has a 50-day moving average price of $1.16 and a 200-day moving average price of $1.32.

Hedge Funds Weigh In On Torrid

A number of institutional investors have recently modified their holdings of CURV. Rhumbline Advisers lifted 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 valued at $120,000 after buying an additional 4,673 shares during the period. BNP Paribas Financial Markets raised its position in Torrid by 985.7% during 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. Creative Planning raised its position in Torrid by 45.4% during 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 in the last quarter. Wells Fargo & Company MN lifted its holdings in Torrid by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after acquiring an additional 11,962 shares during the period. Finally, Royce & Associates LP lifted its holdings in Torrid by 161.4% in the third 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. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.