Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Recommendation of “Reduce” from Analysts

Torrid Holdings Inc. (NYSE:CURV) has received an average recommendation of “Reduce” from the eight research firms that are currently covering the company, Marketbeat.com reports. Four investment 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 twelve-month price objective among brokerages that have covered the stock in the last year is $1.44.

Several research firms have weighed in on CURV. William Blair downgraded shares of Torrid from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 23rd. Telsey Advisory Group decreased their target price on Torrid from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th. Bank of America cut their price target on Torrid from $6.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. The Goldman Sachs Group decreased their price objective on Torrid from $1.50 to $0.75 and set a “sell” rating for the company in a report on Friday, December 5th. Finally, Wall Street Zen lowered Torrid from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th.

Insiders Place Their Bets

In other Torrid news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $1.31, for a total transaction of $32,750.00. Following the transaction, the insider owned 9,904,856 shares in the company, valued at approximately $12,975,361.36. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.85% of the company’s stock.

Institutional Investors Weigh In On Torrid

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fund 1 Investments LLC lifted its position in Torrid by 12.4% in the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock valued at $30,778,000 after acquiring an additional 1,150,726 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Torrid by 13.3% in the third quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock worth $2,294,000 after purchasing an additional 153,973 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Torrid by 30.4% in the third quarter. Rhumbline Advisers now owns 35,384 shares of the company’s stock worth $62,000 after purchasing an additional 8,250 shares during the last quarter. State of Wyoming lifted its holdings in shares of Torrid by 17.3% in the second quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after purchasing an additional 6,580 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Torrid during the second quarter valued at approximately $1,106,000. 81.82% of the stock is owned by institutional investors.

Torrid Stock Performance

Shares of CURV opened at $1.24 on Friday. The firm has a market cap of $122.71 million, a PE ratio of -123.70 and a beta of 1.49. Torrid has a 52-week low of $0.94 and a 52-week high of $7.19. The business’s 50 day moving average price is $1.14 and its two-hundred day moving average price is $1.69.

Torrid (NYSE:CURV) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Torrid had a negative return on equity of 1.69% and a negative net margin of 0.18%.The company had revenue of $235.15 million for the quarter, compared to analyst estimates of $239.90 million. During the same period last year, the business earned ($0.01) EPS. Research analysts predict that Torrid will post 0.14 EPS for the current fiscal 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.