Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Rating of “Hold” from Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $5.00.

A number of analysts recently issued reports on CURV shares. The Goldman Sachs Group dropped their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Telsey Advisory Group dropped their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Bank of America started coverage on Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Morgan Stanley lifted their price target on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Tuesday, January 21st.

Hedge Funds Weigh In On Torrid

A number of large investors have recently bought and sold shares of CURV. Barclays PLC increased its stake in shares of Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after buying an additional 13,584 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Torrid by 125.2% during the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock valued at $82,000 after buying an additional 11,551 shares during the period. Maven Securities LTD purchased a new position in shares of Torrid during the third quarter valued at approximately $98,000. Quadrature Capital Ltd purchased a new position in shares of Torrid during the third quarter valued at approximately $104,000. Finally, XTX Topco Ltd purchased a new position in shares of Torrid during the third quarter valued at approximately $145,000. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Stock Performance

CURV stock opened at $6.56 on Friday. The company has a market capitalization of $687.12 million, a price-to-earnings ratio of 43.73, a PEG ratio of 1.88 and a beta of 1.91. Torrid has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The stock has a fifty day moving average of $5.09 and a 200-day moving average of $5.32.

Torrid (NYSE:CURV) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. Equities analysts predict that Torrid will post 0.14 EPS for the current year.

Torrid Company Profile

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.