Torrid Holdings Inc. (NYSE:CURV) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Torrid Holdings Inc. (NYSE:CURVGet Free Report) have been assigned an average rating of “Reduce” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $1.8125.

A number of research firms recently weighed in on CURV. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research report on Friday, July 17th. Zacks Research lowered shares of Torrid from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a research note on Friday, June 5th. Bank of America raised their price objective on shares of Torrid from $2.25 to $2.70 and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Torrid from a “sell” rating to a “hold” rating in a report on Saturday, June 13th.

Read Our Latest Stock Analysis on CURV

Torrid Stock Up 9.0%

Shares of NYSE CURV opened at $2.43 on Friday. The stock’s 50-day simple moving average is $2.24 and its two-hundred day simple moving average is $1.82. The firm has a market capitalization of $241.83 million, a P/E ratio of -27.00 and a beta of 0.84. Torrid has a twelve month low of $0.94 and a twelve month high of $2.86.

Torrid (NYSE:CURVGet Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. The company had revenue of $231.73 million for the quarter, compared to the consensus estimate of $237.24 million. As a group, research analysts anticipate that Torrid will post -0.03 EPS for the current fiscal year.

Key Stories Impacting Torrid

Here are the key news stories impacting Torrid this week:

Hedge Funds Weigh In On Torrid

A number of hedge funds have recently bought and sold shares of CURV. Fund 1 Investments LLC lifted its position in Torrid by 0.9% in the 4th quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after acquiring an additional 90,000 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Torrid by 94.8% in the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after acquiring an additional 3,034,083 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Torrid in the first quarter worth approximately $3,560,000. Bank of America Corp DE boosted its stake 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 worth $5,657,000 after acquiring an additional 1,258,934 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in Torrid during the second quarter valued at $3,585,000. Institutional investors own 81.82% of the company’s stock.

Torrid Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Torrid (NYSE:CURV)

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