Torrid (NYSE:CURV) Stock Price Down 4%

Torrid Holdings Inc. (NYSE:CURV)’s stock price was down 4% during trading on Wednesday . The stock traded as low as $4.80 and last traded at $4.82. Approximately 7,378 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 117,495 shares. The stock had previously closed at $5.02.

Analyst Ratings Changes

Several equities research analysts have recently commented on CURV shares. The Goldman Sachs Group raised their target price on shares of Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a research report on Monday, April 1st. B. Riley started coverage on shares of Torrid in a research report on Thursday, February 8th. They set a “buy” rating and a $7.00 price target for the company. Finally, Telsey Advisory Group lifted their price target on shares of Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Torrid currently has a consensus rating of “Hold” and an average price target of $4.39.

Torrid Trading Down 1.4 %

The firm has a market capitalization of $512.36 million, a P/E ratio of 49.10 and a beta of 1.99. The business’s 50 day simple moving average is $4.49 and its two-hundred day simple moving average is $4.34.

Torrid (NYSE:CURV) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $293.54 million during the quarter, compared to analyst estimates of $276.20 million. Torrid had a net margin of 0.99% and a negative return on equity of 5.42%. Torrid’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Analysts predict that Torrid Holdings Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of Torrid

A number of institutional investors and hedge funds have recently bought and sold shares of CURV. Bank of New York Mellon Corp grew its stake in shares of Torrid by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock worth $393,000 after acquiring an additional 6,368 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Torrid in the third quarter worth approximately $54,000. Nisa Investment Advisors LLC bought a new stake in shares of Torrid in the fourth quarter worth approximately $62,000. Great Lakes Advisors LLC bought a new stake in shares of Torrid in the fourth quarter worth approximately $93,000. Finally, Fund 1 Investments LLC grew its stake 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 worth $1,158,000 after acquiring an additional 166,841 shares during the period. 81.82% of the stock is currently owned by institutional investors.

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 and Torrid Curve 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.