Brokerages Set Torrid Holdings Inc. (NYSE:CURV) Target Price at $1.44

Shares of Torrid Holdings Inc. (NYSE:CURV) have been assigned a consensus rating of “Reduce” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1.44.

A number of equities research analysts have commented on CURV shares. Wall Street Zen cut Torrid from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Zacks Research cut Torrid from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. William Blair lowered shares of Torrid from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 23rd. Bank of America dropped their price objective on shares of Torrid from $6.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a report on Wednesday, January 21st.

Torrid Trading Down 4.1%

CURV opened at $1.17 on Friday. The company has a fifty day moving average price of $1.15 and a two-hundred day moving average price of $1.63. Torrid has a 1-year low of $0.94 and a 1-year high of $7.19. The company has a market cap of $116.06 million, a P/E ratio of -117.00 and a beta of 1.49.

Torrid (NYSE:CURV) last released its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $235.15 million for the quarter, compared to the consensus estimate of $239.90 million. Torrid had a negative return on equity of 1.69% and a negative net margin of 0.18%.During the same period last year, the company earned ($0.01) EPS. On average, research analysts forecast that Torrid will post 0.14 EPS for the current fiscal year.

Insider Transactions at Torrid

In other Torrid news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of Torrid stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $1.31, for a total transaction of $32,750.00. Following the completion of the transaction, the insider owned 9,904,856 shares in the company, valued at approximately $12,975,361.36. The trade was a 0.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. grew its holdings in Torrid by 94.8% during the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock worth $10,908,000 after buying an additional 3,034,083 shares in the last quarter. Bank of America Corp DE boosted its holdings in Torrid by 191.1% during the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock worth $5,657,000 after acquiring an additional 1,258,934 shares during the last quarter. Fund 1 Investments LLC grew its stake in shares of Torrid by 12.4% in the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock worth $30,778,000 after acquiring an additional 1,150,726 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Torrid in the third quarter valued at about $1,453,000. Finally, Millennium Management LLC bought a new position in shares of Torrid during the third quarter valued at about $669,000. 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.