Torrid Holdings Inc. (NYSE:CURV - Get Free Report)'s stock price rose 5.5% during mid-day trading on Wednesday . The stock traded as high as $5.72 and last traded at $5.91. Approximately 21,048 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 341,965 shares. The stock had previously closed at $5.60.
Analysts Set New Price Targets
A number of brokerages recently commented on CURV. Telsey Advisory Group upped their target price on Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Morgan Stanley boosted their target price on shares of Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Tuesday, January 21st. Bank of America began coverage on Torrid in a research report on Friday, December 6th. They set a "buy" rating and a $5.00 price target on the stock. Finally, The Goldman Sachs Group upped their target price on Torrid from $4.50 to $5.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Torrid currently has a consensus rating of "Hold" and an average target price of $5.00.
Read Our Latest Report on Torrid
Torrid Trading Down 6.9 %
The firm's fifty day moving average is $6.06 and its 200-day moving average is $4.91. The stock has a market capitalization of $559.93 million, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.
Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The business had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The company's revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. As a group, equities analysts predict that Torrid Holdings Inc. will post 0.14 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of CURV. Wells Fargo & Company MN grew its holdings in shares of Torrid by 150.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock worth $49,000 after purchasing an additional 5,678 shares during the last quarter. Corebridge Financial Inc. increased its stake in Torrid by 53.6% in the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock valued at $53,000 after purchasing an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock valued at $59,000 after buying an additional 4,013 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Torrid during the fourth quarter worth about $80,000. Finally, Rhumbline Advisers increased its position in Torrid by 10.9% in the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock valued at $90,000 after acquiring an additional 1,685 shares during the period. Institutional investors and hedge funds own 81.82% of the company's stock.
About Torrid
(
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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.
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