Brokerages Set Torrid Holdings Inc. (NYSE:CURV) PT at $5.00

Torrid Holdings Inc. (NYSE:CURV) has received an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.00.

Several brokerages have commented on CURV. The Goldman Sachs Group decreased their price objective on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Telsey Advisory Group cut their price target on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Bank of America began coverage on shares of Torrid in a report on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Tuesday, January 21st.

Torrid Trading Up 5.5 %

Shares of NYSE CURV opened at $7.08 on Friday. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14. The stock has a fifty day simple moving average of $5.21 and a two-hundred day simple moving average of $5.31. The firm has a market cap of $741.68 million, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.91.

Torrid (NYSE:CURV) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. Analysts forecast that Torrid will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Torrid by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after purchasing an additional 6,968 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Torrid by 11.4% during the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock valued at $1,022,000 after buying an additional 26,703 shares during the last quarter. Barclays PLC lifted its position in Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after acquiring an additional 13,584 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Torrid by 87.3% in the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after purchasing an additional 50,439 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Torrid during the 3rd quarter worth approximately $104,000. Institutional investors own 81.82% of the company’s stock.

About Torrid

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.