Torrid Holdings Inc. (NYSE:CURV) Receives Average Rating of "Hold" from Analysts

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) has been given a consensus recommendation of "Hold" by the six research firms that are currently covering the stock, Marketbeat reports. One 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 price target among brokerages that have issued a report on the stock in the last year is $5.20.

A number of brokerages recently commented on CURV. Bank of America started coverage on Torrid in a research report on Friday. They issued a "buy" rating and a $5.00 target price on the stock. Telsey Advisory Group cut their price objective on shares of Torrid from $8.00 to $5.00 and set a "market perform" rating on the stock in a research note on Wednesday. William Blair raised shares of Torrid from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group cut their price target on Torrid from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday.

Torrid Trading Up 14.3 %

Shares of CURV traded up $0.52 during midday trading on Friday, hitting $4.16. 1,144,337 shares of the company's stock traded hands, compared to its average volume of 515,657. Torrid has a 1 year low of $2.18 and a 1 year high of $9.14. The firm's fifty day moving average is $3.82 and its 200-day moving average is $5.74. The stock has a market capitalization of $435.47 million, a price-to-earnings ratio of 27.73 and a beta of 2.01.

Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $284.60 million during the quarter, compared to analysts' expectations of $282.87 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.58%. Torrid's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. On average, equities research analysts anticipate that Torrid will post 0.16 EPS for the current year.

Insider Activity at Torrid

In other news, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of the business'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. The trade was a 8.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Elizabeth Munoz sold 188,189 shares of Torrid stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.80, for a total transaction of $715,118.20. Following the transaction, the insider now directly owns 1,976,911 shares in the company, valued at $7,512,261.80. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,164,601 shares of company stock valued at $34,825,484. 9.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CURV. Centiva Capital LP purchased a new stake in shares of Torrid in the 3rd quarter valued at $3,930,000. Geode Capital Management LLC grew its position in Torrid by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 259,929 shares of the company's stock valued at $1,022,000 after acquiring an additional 26,703 shares in the last quarter. GSA Capital Partners LLP increased its stake in Torrid by 87.3% during the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company's stock worth $425,000 after purchasing an additional 50,439 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Torrid by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company's stock worth $346,000 after purchasing an additional 6,968 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Torrid in the third quarter valued at approximately $166,000. 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.