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

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1.44.

Several research firms have commented on CURV. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price objective on shares of Torrid in a research note on Monday, March 16th. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research report on Monday, April 20th. Finally, Zacks Research upgraded Torrid from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th.

Insider Buying and Selling

In other news, insider Ashlee Wheeler sold 30,013 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $1.98, for a total value of $59,425.74. Following the completion of the sale, the insider directly owned 205,856 shares in the company, valued at $407,594.88. This represents a 12.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Paula Dempsey sold 42,785 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $2.06, for a total value of $88,137.10. Following the completion of the sale, the chief financial officer owned 227,923 shares of the company’s stock, valued at $469,521.38. This trade represents a 15.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fund 1 Investments LLC lifted its holdings in Torrid by 0.9% in the fourth quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after acquiring an additional 90,000 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in Torrid by 94.8% in the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after acquiring an additional 3,034,083 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Torrid in the first quarter valued at approximately $3,560,000. Bank of America Corp DE lifted its holdings in Torrid by 191.1% in the second quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after acquiring an additional 1,258,934 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Torrid in the first quarter valued at approximately $3,387,000. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Torrid Trading Down 7.2%

NYSE:CURV opened at $1.49 on Thursday. Torrid has a 12 month low of $0.94 and a 12 month high of $5.54. The stock has a 50 day moving average of $1.71 and a two-hundred day moving average of $1.35. The firm has a market cap of $147.76 million, a P/E ratio of -24.75 and a beta of 0.93.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $236.17 million for the quarter, compared to analysts’ expectations of $231.11 million. On average, research analysts forecast that Torrid will post -0.03 earnings per share for the current year.

Torrid Company Profile

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.