Torrid Holdings Inc. (NYSE:CURV – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.68, but opened at $5.54. Torrid shares last traded at $5.21, with a volume of 136,292 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on CURV shares. Morgan Stanley downgraded Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Thursday, July 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 price objective on shares of Torrid in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.45.
View Our Latest Research Report on CURV
Torrid Trading Down 20.4 %
Torrid (NYSE:CURV – Get Free Report) last released its earnings results on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $284.60 million during the quarter, compared to analysts’ expectations of $282.87 million. Torrid had a negative return on equity of 6.62% and a net margin of 1.21%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Equities analysts predict that Torrid Holdings Inc. will post 0.19 earnings per share for the current year.
Institutional Investors Weigh In On Torrid
A number of institutional investors have recently made changes to their positions in CURV. Fund 1 Investments LLC grew its stake in shares of Torrid by 493.6% during the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares during the period. O Shaughnessy Asset Management LLC grew its stake 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 during the period. Ritholtz Wealth Management grew its stake in shares of Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Torrid during the fourth quarter worth $93,000. 81.82% of the stock is owned by institutional investors and hedge funds.
Torrid Company Profile
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.
Read More
- Five stocks we like better than Torrid
- How to buy stock: A step-by-step guide for beginners
- 3 Leveraged ETFs to Multiply Returns
- 3 Ways To Invest In Coffee, Other Than Drinking It
- A Tale of Two Titans: Unveiling the Value in Baidu and JD.com
- What is Insider Trading? What You Can Learn from Insider Trading
- Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?
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.