Torrid Holdings Inc. (NYSE:CURV) Receives $5.25 Consensus Target Price from Analysts

Torrid Holdings Inc. (NYSE:CURV) has been given an average rating of “Hold” by the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.20.

Several research analysts have recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. William Blair raised shares of Torrid from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 17th. Bank of America assumed coverage on Torrid in a report on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th.

Insider Activity

In other Torrid news, CEO Lisa M. Harper sold 74,713 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $3.80, for a total transaction of $283,909.40. Following the completion of the sale, the chief executive officer now owns 5,521,601 shares of the company’s stock, valued at $20,982,083.80. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth Munoz sold 28,228 shares of Torrid stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.80, for a total transaction of $107,266.40. Following the completion of the transaction, the insider now directly owns 1,948,683 shares in the company, valued at approximately $7,404,995.40. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,195,383 shares of company stock worth $4,542,455 in the last three months. 9.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock worth $69,000 after acquiring an additional 13,584 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Torrid during the 3rd quarter worth about $98,000. Quadrature Capital Ltd bought a new position in Torrid during the 3rd quarter valued at about $104,000. XTX Topco Ltd acquired a new position in Torrid in the third quarter valued at about $145,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Torrid during the third quarter worth approximately $166,000. Institutional investors own 81.82% of the company’s stock.

Torrid Stock Performance

Shares of NYSE:CURV opened at $4.22 on Friday. The stock has a market capitalization of $441.75 million, a price-to-earnings ratio of 28.13 and a beta of 2.01. The company has a 50 day moving average price of $3.86 and a 200 day moving average price of $5.69. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14.

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.