Analysts Set Torrid Holdings Inc. (NYSE:CURV) Target Price at $4.75

Torrid Holdings Inc. (NYSE:CURVGet Free Report) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.75.

Several equities research analysts have recently weighed in on CURV shares. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of Torrid in a research report on Monday, June 2nd. BTIG Research initiated coverage on shares of Torrid in a research report on Thursday, June 12th. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group downgraded shares of Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price objective for the company. in a research report on Tuesday, April 22nd.

View Our Latest Stock Report on CURV

Torrid Stock Performance

CURV opened at $5.05 on Thursday. The company has a 50-day moving average of $5.46 and a 200-day moving average of $5.53. The company has a market capitalization of $530.67 million, a P/E ratio of 33.69, a PEG ratio of 1.03 and a beta of 1.78. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14.

Torrid (NYSE:CURVGet Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $265.97 million during the quarter, compared to the consensus estimate of $270.95 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. As a group, sell-side analysts expect that Torrid will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after purchasing an additional 4,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Torrid by 338.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company’s stock valued at $269,000 after purchasing an additional 37,850 shares during the period. Nomura Holdings Inc. boosted its stake in Torrid by 19.5% during the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company’s stock valued at $17,835,000 after purchasing an additional 531,713 shares during the period. Nuveen LLC acquired a new position in Torrid during the 1st quarter valued at about $221,000. Finally, Deutsche Bank AG acquired a new position in Torrid during the 1st quarter valued at about $68,000. 81.82% of the stock is owned by institutional investors and hedge funds.

About Torrid

(Get Free Report

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.

Further Reading

Analyst Recommendations for Torrid (NYSE:CURV)

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