Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Torrid Holdings Inc. (NYSE:CURV) have received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $1.44.

A number of research firms have weighed in on CURV. Zacks Research raised shares of Torrid from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 target price on shares of Torrid in a research note on Monday, March 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a research note on Monday, April 20th.

Torrid Price Performance

CURV opened at $1.54 on Thursday. The company’s 50 day simple moving average is $1.70 and its two-hundred day simple moving average is $1.34. Torrid has a 1-year low of $0.94 and a 1-year high of $5.54. The firm has a market capitalization of $152.73 million, a price-to-earnings ratio of -25.58 and a beta of 0.96.

Torrid (NYSE:CURV) last released its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $236.17 million during the quarter, compared to analysts’ expectations of $231.11 million. On average, equities analysts anticipate that Torrid will post -0.03 earnings per share for the current fiscal year.

Insider Activity at Torrid

In other news, insider Ashlee Wheeler sold 30,013 shares of Torrid stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $1.98, for a total transaction of $59,425.74. Following the sale, the insider owned 205,856 shares of the company’s stock, valued at approximately $407,594.88. The trade was a 12.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paula Dempsey sold 42,785 shares of Torrid stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $2.06, for a total transaction of $88,137.10. Following the sale, the chief financial officer directly owned 227,923 shares in the company, valued at approximately $469,521.38. The trade was a 15.80% decrease in their position. The SEC filing for this sale provides additional information. 5.85% of the stock is currently owned by insiders.

Institutional Trading of Torrid

Several institutional investors have recently made changes to their positions in CURV. Nomura Holdings Inc. raised its position in shares of Torrid by 94.8% during the 3rd quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after buying an additional 3,034,083 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Torrid during the 1st quarter valued at approximately $3,560,000. SG Americas Securities LLC purchased a new stake in shares of Torrid during the 1st quarter valued at approximately $3,387,000. Bank of America Corp DE raised its position in shares of Torrid by 191.1% during the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after buying an additional 1,258,934 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Torrid during the 3rd quarter valued at approximately $1,453,000. Hedge funds and other 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.