Torrid (NYSE:CURV) Shares Cross Above 50-Day Moving Average – Should You Sell?

Torrid Holdings Inc. (NYSE:CURV)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.30 and traded as high as $2.51. Torrid shares last traded at $2.45, with a volume of 412,173 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CURV shares. Morgan Stanley started coverage on shares of Torrid in a research report on Monday, July 6th. They issued an “equal weight” rating and a $1.80 price objective on the stock. William Blair reiterated a “market perform” rating on shares of Torrid in a report on Tuesday, October 20th. Bank of America lifted their price target on Torrid from $2.25 to $2.70 and gave the company a “buy” rating in a research note on Friday, September 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Torrid presently has a consensus rating of “Reduce” and a consensus price target of $1.81.

Torrid Stock Performance

The business has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $1.85. The stock has a market cap of $244.31 million, a price-to-earnings ratio of -27.22 and a beta of 0.69.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $231.73 million during the quarter, compared to analyst estimates of $237.24 million. On average, analysts expect that Torrid Holdings Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in Torrid during the 2nd quarter worth about $859,000. Fund 1 Investments LLC boosted its stake in shares of Torrid by 1.2% during the 2nd quarter. Fund 1 Investments LLC now owns 9,847,478 shares of the company’s stock worth $18,415,000 after buying an additional 119,433 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Torrid in the 2nd quarter valued at about $104,000. JB Capital Partners LP bought a new position in shares of Torrid in the 2nd quarter valued at about $280,500. Finally, BlackRock Inc. bought a new position in shares of Torrid in the 2nd quarter valued at about $3,585,000. Institutional investors own 81.82% of the company’s stock.

Torrid Company Profile

Torrid Holdings Inc is a specialty retailer focused on fashion for women who wear sizes 10 to 30. The company offers a broad assortment of apparel, including dresses, tops, bottoms, denim, activewear, outerwear and intimates, along with footwear, accessories and beauty products.

Operating under the Torrid brand, the company serves customers through an omnichannel model that combines brick-and-mortar stores with its e-commerce platform. Its merchandise is designed around fit, comfort and contemporary styles for the plus-size market, and the company also offers extended-size collections and specialized fit options.

Founded in 2001, Torrid primarily serves customers in the United States and Canada.