Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Rating of “Hold” from Analysts

Torrid Holdings Inc. (NYSE:CURV) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.20.

Several brokerages have weighed in on CURV. William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. Telsey Advisory Group lowered their price target on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Bank of America started coverage on Torrid in a report on Friday, December 6th. They set a “buy” rating and a $5.00 target price on the stock. Finally, The Goldman Sachs Group cut their target price on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th.

Torrid Stock Performance

NYSE CURV opened at $5.68 on Tuesday. Torrid has a 52-week low of $2.18 and a 52-week high of $9.14. The firm’s 50 day moving average price is $4.27 and its 200-day moving average price is $5.49. The company has a market cap of $595.02 million, a PE ratio of 37.87, a P/E/G ratio of 1.20 and a beta of 2.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in Torrid by 161.0% during the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares during the last quarter. GSA Capital Partners LLP boosted its position in Torrid by 87.3% during 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in Torrid by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after acquiring an additional 6,968 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Torrid in the 3rd quarter valued at about $166,000. Finally, Centiva Capital LP purchased a new position in Torrid in the 3rd quarter worth approximately $3,930,000. 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.