Torrid Holdings Inc. (NYSE:CURV - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 447,449 shares traded hands during trading, an increase of 51% from the previous session's volume of 297,141 shares.The stock last traded at $4.87 and had previously closed at $4.86.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CURV shares. William Blair upgraded shares of Torrid from a "market perform" rating to an "outperform" rating in a research report on Tuesday, September 17th. Telsey Advisory Group reduced their price objective on Torrid from $8.00 to $5.00 and set a "market perform" rating for the company in a research note on Wednesday, December 4th. The Goldman Sachs Group reduced their target price on Torrid from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, December 4th. Finally, Bank of America started coverage on Torrid in a report on Friday, December 6th. They set a "buy" rating and a $5.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.20.
Get Our Latest Analysis on Torrid
Torrid Stock Performance
The company's 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $5.57. The stock has a market cap of $520.64 million, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 1.20 and a beta of 2.01.
Institutional Trading of Torrid
Institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company's stock valued at $69,000 after acquiring an additional 13,584 shares during the last quarter. Maven Securities LTD bought a new position in shares of Torrid during the 3rd quarter valued at $98,000. Quadrature Capital Ltd acquired a new stake in shares of Torrid in the 3rd quarter valued at $104,000. XTX Topco Ltd bought a new stake in Torrid in the third quarter worth $145,000. Finally, Verition Fund Management LLC acquired a new position in Torrid during the third quarter worth $166,000. Institutional investors and hedge funds own 81.82% of the company's stock.
About Torrid
(
Get Free Report)
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.
Featured Stories
Before you consider Torrid, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Torrid wasn't on the list.
While Torrid currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
