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

Shares of Torrid Holdings Inc. (NYSE:CURVGet Free Report) have been assigned an average rating of “Reduce” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $1.8125.

A number of brokerages recently commented on CURV. Wall Street Zen raised Torrid from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $1.80 price target on shares of Torrid in a research note on Monday, July 6th. BTIG Research reiterated a “neutral” rating on shares of Torrid in a report on Friday, June 5th. Bank of America raised their price objective on Torrid from $2.25 to $2.70 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a research report on Friday, July 17th.

Read Our Latest Stock Analysis on Torrid

Key Headlines Impacting Torrid

Here are the key news stories impacting Torrid this week:

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in shares of Torrid by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock worth $37,000 after acquiring an additional 11,962 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Torrid by 985.7% during the 3rd 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. Abel Hall LLC purchased a new stake in shares of Torrid during the 4th quarter worth approximately $49,000. Royal Bank of Canada increased its position in Torrid by 134.1% in the first 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 during the last quarter. Finally, Jain Global LLC purchased a new stake in Torrid in the 4th quarter worth about $55,000. 81.82% of the stock is owned by institutional investors.

Torrid Trading Up 9.0%

NYSE:CURV opened at $2.43 on Friday. Torrid has a 12 month low of $0.94 and a 12 month high of $2.86. The stock has a market capitalization of $241.83 million, a price-to-earnings ratio of -27.00 and a beta of 0.84. The firm has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $1.82.

Torrid (NYSE:CURVGet Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.08. The company had revenue of $231.73 million for the quarter, compared to analyst estimates of $237.24 million. Equities analysts predict that Torrid will post -0.03 earnings per share for the current fiscal year.

About Torrid

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Torrid (NYSE:CURV)

Receive News & Ratings for Torrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torrid and related companies with MarketBeat.com's FREE daily email newsletter.