Torrid Holdings Inc. (NYSE:CURV) Given Consensus Rating of “Reduce” by Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given a consensus recommendation of “Reduce” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $1.44.

A number of research firms have issued reports on CURV. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Torrid in a research note on Monday, March 16th. Zacks Research upgraded shares of Torrid from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a report on Monday, April 20th.

Insider Activity at Torrid

In related news, CFO Paula Dempsey sold 42,785 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total value of $88,137.10. Following the sale, the chief financial officer directly owned 227,923 shares in the company, valued at $469,521.38. This trade represents a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashlee Wheeler sold 30,013 shares of Torrid stock in a transaction on Monday, April 13th. The shares were sold at an average price of $1.98, for a total value of $59,425.74. Following the sale, the insider directly owned 205,856 shares in the company, valued at $407,594.88. The trade was a 12.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Torrid

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Torrid by 338.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company’s stock valued at $269,000 after buying an additional 37,850 shares in the last quarter. Rhumbline Advisers raised its position in shares of Torrid by 27.1% during the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after buying an additional 4,673 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Torrid by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 413,370 shares of the company’s stock worth $1,220,000 after acquiring an additional 54,199 shares during the period. Creative Planning lifted its stake 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 acquiring an additional 11,641 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Torrid in the second quarter valued at approximately $346,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

Torrid Price Performance

Shares of NYSE CURV opened at $1.69 on Friday. The firm has a market capitalization of $168.45 million, a PE ratio of -28.21 and a beta of 0.96. Torrid has a 1-year low of $0.94 and a 1-year high of $6.69. The business’s fifty day moving average price is $1.60 and its two-hundred day moving average price is $1.33.

Torrid (NYSE:CURV) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. The firm had revenue of $236.17 million for the quarter, compared to analyst estimates of $231.11 million. Equities research analysts expect that Torrid will post -0.03 earnings per share 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.