Torrid Holdings Inc. (NYSE:CURV) Receives $1.64 Consensus Price Target from Analysts

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average recommendation of “Reduce” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $1.6375.

Several analysts have issued reports on CURV shares. Morgan Stanley reissued an “equal weight” rating and issued a $1.80 price target on shares of Torrid in a research note on Monday, July 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a report on Friday, July 17th. BTIG Research reissued a “neutral” rating on shares of Torrid in a research report on Friday, June 5th. Zacks Research cut Torrid from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised Torrid from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th.

Torrid Stock Down 8.2%

Torrid stock opened at $2.02 on Tuesday. The stock has a market capitalization of $201.03 million, a PE ratio of -16.83 and a beta of 0.85. Torrid has a twelve month low of $0.94 and a twelve month high of $2.86. The company has a 50 day moving average of $2.16 and a 200-day moving average of $1.72.

Torrid (NYSE:CURV) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.02. The company had revenue of $245.80 million for the quarter, compared to analyst estimates of $239.88 million. Equities analysts anticipate that Torrid will post -0.03 EPS for the current fiscal year.

Institutional Trading of Torrid

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Torrid by 985.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after buying an additional 22,030 shares during the last quarter. Royal Bank of Canada lifted its position in Torrid by 134.1% during the 1st quarter. Royal Bank of Canada now owns 28,138 shares of the company’s stock worth $50,000 after buying an additional 16,119 shares in the last quarter. Deutsche Bank AG bought a new stake in Torrid during the 2nd quarter worth about $63,000. Finally, Creative Planning grew its holdings in shares of Torrid by 45.4% in the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after acquiring an additional 11,641 shares in the last quarter. 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.