Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Torrid Holdings Inc. (NYSE:CURV – Get Rating) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.19.

A number of equities analysts have weighed in on CURV shares. The Goldman Sachs Group decreased their target price on shares of Torrid from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 21st. Telsey Advisory Group cut their price target on shares of Torrid from $18.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, June 8th. Finally, Morgan Stanley dropped their target price on shares of Torrid from $11.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 8th.

CURV opened at $4.55 on Thursday. The company has a fifty day moving average price of $5.65 and a 200-day moving average price of $7.75. Torrid has a one year low of $4.49 and a one year high of $33.19.

Torrid (NYSE:CURV – Get Rating) last announced its earnings results on Tuesday, June 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Torrid had a negative net margin of 1.47% and a negative return on equity of 45.44%. The company had revenue of $328.40 million during the quarter, compared to analyst estimates of $303.97 million. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts forecast that Torrid will post 0.96 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in shares of Torrid in the first quarter valued at approximately $49,000. JPMorgan Chase & Co. raised its holdings in Torrid by 76.7% in the first quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock valued at $52,000 after acquiring an additional 3,750 shares in the last quarter. American International Group Inc. raised its holdings in Torrid by 34.8% in the first quarter. American International Group Inc. now owns 9,147 shares of the company’s stock valued at $55,000 after acquiring an additional 2,362 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in Torrid in the third quarter valued at approximately $67,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Torrid in the first quarter valued at approximately $73,000. 90.86% of the stock is owned by institutional investors.

Torrid Company Profile (Get Rating)

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 and Torrid Curve 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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