Torrid Holdings Inc. (NYSE:CURV) Receives $5.00 Average PT from Brokerages

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) has been given a consensus rating of "Hold" by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.00.

Several equities research analysts have weighed in on CURV shares. The Goldman Sachs Group lowered their price target on Torrid from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, December 4th. 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. Bank of America initiated coverage on shares of Torrid in a report on Friday, December 6th. They issued a "buy" rating and a $5.00 price target for the company. Finally, Morgan Stanley boosted their price objective on shares of Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Tuesday.

Institutional Trading of Torrid

Several hedge funds and other institutional investors have recently bought and sold shares of CURV. GSA Capital Partners LLP raised its position in shares of Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company's stock worth $425,000 after acquiring an additional 50,439 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company's stock valued at $346,000 after purchasing an additional 6,968 shares in the last quarter. Verition Fund Management LLC acquired a new position in Torrid in the 3rd quarter worth about $166,000. Centiva Capital LP purchased a new position in Torrid during the third quarter worth approximately $3,930,000. Finally, Maven Securities LTD purchased a new stake in shares of Torrid in the third quarter valued at approximately $98,000. 81.82% of the stock is owned by institutional investors and hedge funds.

Torrid Trading Down 0.1 %

Shares of CURV traded down $0.01 during trading hours on Friday, hitting $6.56. The company had a trading volume of 267,551 shares, compared to its average volume of 258,447. The company has a market capitalization of $686.70 million, a PE ratio of 43.70, a price-to-earnings-growth ratio of 1.88 and a beta of 1.91. Torrid has a one year low of $2.18 and a one year high of $9.14. The company's fifty day moving average price is $4.94 and its two-hundred day moving average price is $5.35.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. Analysts forecast that Torrid will post 0.14 earnings per share 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.