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

Torrid Holdings Inc. (NYSE:CURV) has received an average rating of “Reduce” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $1.44.

Several equities research analysts have commented on CURV shares. Wall Street Zen upgraded Torrid from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 target price on shares of Torrid in a research note on Monday, March 16th. Zacks Research lowered Torrid from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a research note on Monday, April 20th. Finally, BTIG Research reiterated a “neutral” rating on shares of Torrid in a research note on Friday, June 5th.

Torrid Trading Down 0.3%

NYSE CURV opened at $1.93 on Monday. The company has a market capitalization of $191.58 million, a PE ratio of -16.04 and a beta of 0.93. The business’s 50-day moving average price is $1.72 and its 200 day moving average price is $1.40. Torrid has a twelve month low of $0.94 and a twelve month high of $5.17.

Torrid (NYSE:CURV) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.02. The firm had revenue of $245.80 million for the quarter, compared to analyst estimates of $239.88 million. Equities analysts predict that Torrid will post -0.02 EPS for the current year.

Insider Transactions at Torrid

In other news, CFO Paula Dempsey sold 42,785 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total value of $88,137.10. Following the completion of the sale, the chief financial officer owned 227,923 shares in the company, valued at approximately $469,521.38. This trade represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashlee Wheeler sold 30,013 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $1.98, for a total value of $59,425.74. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. 9.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after purchasing an additional 4,673 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Torrid by 985.7% in the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after purchasing an additional 22,030 shares during the last quarter. Royal Bank of Canada boosted its holdings in Torrid by 134.1% in the first quarter. Royal Bank of Canada now owns 28,138 shares of the company’s stock valued at $50,000 after purchasing an additional 16,119 shares during the last quarter. Creative Planning boosted its holdings in Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after purchasing an additional 11,641 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Torrid by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after purchasing an additional 11,962 shares during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.