Torrid (NYSE:CURV) Trading Up 4.6% - Time to Buy?

Torrid Holdings Inc. (NYSE:CURV - Get Free Report)'s share price was up 4.6% during trading on Tuesday . The company traded as high as $5.45 and last traded at $5.43. Approximately 81,541 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 301,197 shares. The stock had previously closed at $5.19.

Analyst Ratings Changes

Several analysts have issued reports on CURV shares. Telsey Advisory Group cut their price target on Torrid from $8.00 to $5.00 and set a "market perform" rating for the company in a report on Wednesday, December 4th. William Blair raised shares of Torrid from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 17th. The Goldman Sachs Group lowered their price target on shares of Torrid from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, December 4th. Finally, Bank of America initiated coverage on shares of Torrid in a research note on Friday, December 6th. They issued a "buy" rating and a $5.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.20.

Torrid Stock Performance

The firm 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. The business's fifty day simple moving average is $4.14 and its 200-day simple moving average is $5.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Centiva Capital LP bought a new position in shares of Torrid during the 3rd quarter valued at approximately $3,930,000. Geode Capital Management LLC lifted its position in Torrid by 11.4% during the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company's stock valued at $1,022,000 after purchasing an additional 26,703 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Torrid by 87.3% in the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company's stock worth $425,000 after buying an additional 50,439 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 worth $346,000 after buying an additional 6,968 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Torrid in the 3rd quarter worth about $166,000. Institutional investors own 81.82% of the company's stock.

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.