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

Torrid Holdings Inc. (NYSE:CURV) has been assigned an average recommendation of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1.44.

CURV has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a report on Monday, April 20th. Wall Street Zen raised shares of Torrid from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 target price on shares of Torrid in a report on Monday, March 16th. Zacks Research lowered shares of Torrid from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a report on Friday, June 5th.

Insider Buying and Selling at Torrid

In other Torrid news, CFO Paula Dempsey sold 42,785 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $2.06, for a total value of $88,137.10. Following the sale, the chief financial officer owned 227,923 shares of the company’s stock, valued at $469,521.38. This trade represents a 15.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashlee Wheeler sold 30,013 shares of the firm’s 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 sale, the insider directly owned 205,856 shares in the company, valued at approximately $407,594.88. This trade represents a 12.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Torrid

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Torrid by 30.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,712 shares of the company’s stock worth $250,000 after acquiring an additional 33,300 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Torrid in the 3rd quarter worth about $185,000. Creative Planning lifted its position in shares of Torrid by 45.4% in the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after purchasing an additional 11,641 shares during the period. Deutsche Bank AG lifted its position in shares of Torrid by 139.8% in the 4th quarter. Deutsche Bank AG now owns 92,484 shares of the company’s stock worth $91,000 after purchasing an additional 53,922 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Torrid by 324.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 76,610 shares of the company’s stock worth $75,000 after purchasing an additional 58,559 shares during the period. Institutional investors own 81.82% of the company’s stock.

Torrid Stock Performance

Torrid stock opened at $1.98 on Monday. The firm’s fifty day moving average price is $1.71 and its 200-day moving average price is $1.43. The stock has a market cap of $196.55 million, a P/E ratio of -16.46 and a beta of 0.93. Torrid has a fifty-two week low of $0.94 and a fifty-two week high of $3.29.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.02. The company had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $239.88 million. On average, analysts predict that Torrid will post -0.02 earnings per share for the current year.

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.