Torrid (NYSE:CURV) Reaches New 1-Year High at $7.84

Shares of Torrid Holdings Inc. (NYSE:CURV) hit a new 52-week high during trading on Tuesday . The company traded as high as $7.84 and last traded at $7.84, with a volume of 44366 shares. The stock had previously closed at $7.42.

Analysts Set New Price Targets

CURV has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on shares of Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a report on Monday, April 1st. Telsey Advisory Group lifted their target price on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.79.

Torrid Stock Performance

The stock has a market cap of $825.41 million, a PE ratio of 67.46 and a beta of 2.04. The business’s fifty day moving average price is $6.18 and its 200-day moving average price is $5.37.

Torrid (NYSE:CURV) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Torrid had a negative return on equity of 5.79% and a net margin of 1.05%. The business had revenue of $279.77 million during the quarter, compared to the consensus estimate of $280.15 million. During the same period in the previous year, the company posted $0.11 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts forecast that Torrid Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new position in Torrid in the 4th quarter worth $62,000. Great Lakes Advisors LLC bought a new position in shares of Torrid in the fourth quarter worth about $93,000. O Shaughnessy Asset Management LLC grew its position in shares of Torrid by 145.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after purchasing an additional 50,466 shares in the last quarter. Finally, Fund 1 Investments LLC raised its stake in Torrid by 493.6% during the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after purchasing an additional 166,841 shares during the period. Hedge funds and other institutional investors own 81.82% of the company’s stock.

About Torrid

Torrid Holdings Inc operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.