Torrid (NYSE:CURV) Stock Rating Upgraded by William Blair

William Blair upgraded shares of Torrid (NYSE:CURV) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat.com reports.

A number of other equities research analysts have also commented on the company. Morgan Stanley lowered Torrid from an equal weight rating to an underweight rating and set a $5.00 price target on the stock. 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, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Torrid currently has a consensus rating of Hold and a consensus target price of $6.44.

Torrid Stock Performance

NYSE CURV opened at $3.99 on Tuesday. Torrid has a twelve month low of $1.25 and a twelve month high of $9.14. The firm has a 50-day simple moving average of $6.95 and a 200 day simple moving average of $6.09. The stock has a market cap of $416.36 million, a PE ratio of 36.27 and a beta of 2.01.

Torrid (NYSE:CURV) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. The firm had revenue of $284.60 million during the quarter, compared to the consensus estimate of $282.87 million. During the same period last year, the firm posted $0.06 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts forecast that Torrid will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Torrid

In other news, CEO Lisa M. Harper sold 498,087 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $1,892,730.60. Following the transaction, the chief executive officer now directly owns 5,596,314 shares in the company, valued at approximately $21,265,993.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Elizabeth Munoz sold 188,189 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $715,118.20. Following the transaction, the insider now directly owns 1,976,911 shares in the company, valued at approximately $7,512,261.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa M. Harper sold 498,087 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $1,892,730.60. Following the completion of the transaction, the chief executive officer now owns 5,596,314 shares in the company, valued at $21,265,993.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,164,601 shares of company stock worth $34,825,484. Insiders own 9.77% of the company’s stock.

Institutional Trading of Torrid

Several hedge funds have recently added to or reduced their stakes in CURV. Great Lakes Advisors LLC acquired a new stake in Torrid during the 4th quarter worth $93,000. Fund 1 Investments LLC raised its stake in Torrid by 493.6% during the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after buying an additional 166,841 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after purchasing an additional 50,466 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Torrid by 161.0% in the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after purchasing an additional 23,553 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.

About Torrid

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.