Torrid Holdings Inc. (NYSE:CURV) Receives $5.20 Consensus Target Price from Brokerages

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) has been given an average recommendation of "Hold" by the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.20.

CURV has been the subject of several analyst reports. Telsey Advisory Group dropped their target price on shares of Torrid from $8.00 to $5.00 and set a "market perform" rating for the company in a research report on Wednesday, December 4th. Bank of America initiated coverage on shares of Torrid in a research report on Friday, December 6th. They set a "buy" rating and a $5.00 price objective for the company. The Goldman Sachs Group reduced their target price on Torrid from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, December 4th. Finally, William Blair upgraded Torrid from a "market perform" rating to an "outperform" rating in a research report on Tuesday, September 17th.

Torrid Trading Up 0.8 %

CURV stock traded up $0.04 during mid-day trading on Tuesday, hitting $5.23. 369,935 shares of the company were exchanged, compared to its average volume of 302,393. The stock has a market capitalization of $547.88 million, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.20 and a beta of 2.01. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14. The business has a 50 day simple moving average of $4.14 and a 200-day simple moving average of $5.52.

Institutional Trading of Torrid

A number of hedge funds have recently made changes to their positions in CURV. Charles Schwab Investment Management Inc. lifted its holdings 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 during the period. JPMorgan Chase & Co. lifted its holdings in Torrid by 125.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company's stock worth $82,000 after buying an additional 11,551 shares during the period. Barclays PLC grew its position in shares of Torrid by 354.5% in the 3rd 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 last quarter. Ritholtz Wealth Management increased its stake in shares of Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company's stock valued at $286,000 after buying an additional 23,553 shares during the period. Finally, Maven Securities LTD bought a new position in shares of Torrid during the third quarter worth about $98,000. 81.82% of the stock is owned by institutional investors and hedge funds.

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.