Shares of Torrid Holdings Inc. (NYSE:CURV – Get Free Report) have earned a consensus rating of “Reduce” from the eight brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $1.81.
CURV has been the topic of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Friday, July 17th. Bank of America increased their price objective on Torrid from $2.25 to $2.70 and gave the stock a “buy” rating in a report on Friday, September 4th. Zacks Research cut Torrid from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $1.80 target price on shares of Torrid in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded Torrid from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th.
Torrid Stock Performance
Torrid (NYSE:CURV – Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $231.73 million during the quarter, compared to analyst estimates of $237.24 million. As a group, analysts predict that Torrid will post -0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Torrid
Several institutional investors have recently bought and sold shares of the stock. Fund 1 Investments LLC increased its stake in Torrid by 1.2% during the 2nd quarter. Fund 1 Investments LLC now owns 9,847,478 shares of the company’s stock valued at $18,415,000 after buying an additional 119,433 shares during the period. BlackRock Inc. acquired a new stake in shares of Torrid in the 2nd quarter worth approximately $3,585,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Torrid in the 1st quarter worth approximately $3,560,000. SG Americas Securities LLC bought a new position in shares of Torrid in the first quarter valued at approximately $3,387,000. Finally, Bank of America Corp DE increased its stake in shares of Torrid by 2.3% during the first quarter. Bank of America Corp DE now owns 631,261 shares of the company’s stock valued at $1,124,000 after acquiring an additional 14,420 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.
Torrid Company Profile
Torrid Holdings Inc is a specialty retailer focused on fashion for women in sizes 10 through 30. The company offers apparel designed for a range of body types, including dresses, tops, bottoms, denim, outerwear, activewear, swimwear, lingerie and sleepwear.
In addition to clothing, Torrid sells footwear, accessories, beauty products and other lifestyle merchandise. Its products are marketed through the Torrid brand and sold through a combination of company-operated stores and digital channels, including its e-commerce website.
Founded in 2001, Torrid is headquartered in the Los Angeles area of California and primarily serves customers in the United States and Canada.
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