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

Torrid Holdings Inc. (NYSE:CURV) has earned an average rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $1.44.

A number of brokerages have issued reports on CURV. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a research note on Wednesday, January 21st. Zacks Research lowered Torrid from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Torrid in a research note on Monday, March 16th.

Torrid Price Performance

Shares of CURV stock opened at $2.06 on Wednesday. Torrid has a 12-month low of $0.94 and a 12-month high of $6.69. The firm has a market capitalization of $204.10 million, a price-to-earnings ratio of -34.24 and a beta of 1.05. The business has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $1.30.

Torrid (NYSE:CURV) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $236.17 million during the quarter, compared to analyst estimates of $231.11 million. Torrid had a negative return on equity of 1.69% and a negative net margin of 0.70%. On average, equities analysts anticipate that Torrid will post 0.14 EPS for the current fiscal year.

Insider Transactions at Torrid

In other Torrid news, insider Ashlee Wheeler sold 30,013 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $1.98, for a total transaction of $59,425.74. Following the completion of the transaction, the insider directly owned 205,856 shares of the company’s stock, valued at approximately $407,594.88. This trade represents a 12.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.77% of the company’s stock.

Hedge Funds Weigh In On Torrid

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its stake in Torrid by 47.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company’s stock valued at $153,000 after purchasing an additional 50,000 shares in the last quarter. Fund 1 Investments LLC boosted its stake in shares of Torrid by 0.9% during the 4th quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock worth $9,691,000 after acquiring an additional 90,000 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Torrid during the 4th quarter worth $49,000. Jain Global LLC bought a new stake in shares of Torrid during the 4th quarter worth $55,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Torrid by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock worth $37,000 after acquiring an additional 11,962 shares in the last quarter. 81.82% of the stock is owned by institutional investors.

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.