The Goldman Sachs Group Lowers Torrid (NYSE:CURV) Price Target to $4.50

Torrid (NYSE:CURV - Free Report) had its target price lowered by The Goldman Sachs Group from $7.00 to $4.50 in a research report released on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley cut shares of Torrid from an "equal weight" rating to an "underweight" rating and set a $5.00 target price on the stock. in a report on Thursday, July 18th. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 target price on shares of Torrid in a report on Wednesday, September 4th. Finally, William Blair raised shares of Torrid from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.13.

Torrid Trading Up 2.3 %

NYSE CURV traded up $0.09 during trading hours on Monday, reaching $3.99. 474,583 shares of the company traded hands, compared to its average volume of 242,759. Torrid has a 12 month low of $2.02 and a 12 month high of $9.14. The stock has a market capitalization of $416.36 million, a PE ratio of 36.27 and a beta of 1.95. The company has a 50 day moving average of $5.09 and a two-hundred day moving average of $6.02.

Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $282.87 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Torrid will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $27,675,179.60. Following the sale, the insider now owns 75,069,044 shares of the company's stock, valued at $285,262,367.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Torrid news, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $27,675,179.60. Following the transaction, the insider now owns 75,069,044 shares of the company's stock, valued at approximately $285,262,367.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa M. Harper sold 498,087 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,164,601 shares of company stock valued at $34,825,484 in the last quarter. Company insiders own 9.77% of the company's stock.

Hedge Funds Weigh In On Torrid

An institutional investor recently raised its position in Torrid stock. Ritholtz Wealth Management grew its holdings in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) by 161.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,180 shares of the company's stock after purchasing an additional 23,553 shares during the period. Ritholtz Wealth Management's holdings in Torrid were worth $286,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 81.82% of the company's stock.

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.