Torrid (NYSE:CURV) Shares Down 6% – What’s Next?

Torrid Holdings Inc. (NYSE:CURV) shares fell 6% during trading on Monday . The company traded as low as $6.54 and last traded at $6.64. 282,795 shares traded hands during trading, a decline of 3% from the average session volume of 292,083 shares. The stock had previously closed at $7.06.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CURV shares. Telsey Advisory Group cut their price target on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. Morgan Stanley increased their target price on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group reduced their target price on 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 began coverage on Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Torrid Stock Down 3.5 %

The stock has a market capitalization of $675.49 million, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.96. The company has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.25.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. As a group, equities analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Centiva Capital LP bought a new position in Torrid during the third quarter worth about $3,930,000. GSA Capital Partners LLP lifted its holdings in Torrid by 87.3% during the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after purchasing an additional 50,439 shares during the last quarter. Verition Fund Management LLC bought a new position in Torrid during the third quarter worth $166,000. XTX Topco Ltd acquired a new position in shares of Torrid in the third quarter valued at $145,000. Finally, Geode Capital Management LLC raised its position in shares of Torrid by 11.4% in 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 period. 81.82% of the stock is owned by institutional investors and hedge funds.

About Torrid

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.