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

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $1.44.

CURV has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a research note on Monday, April 20th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Torrid in a research note on Monday, March 16th. Finally, Zacks Research raised shares of Torrid from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th.

Torrid Stock Up 5.1%

CURV stock opened at $1.54 on Thursday. The company’s 50-day simple moving average is $1.70 and its 200-day simple moving average is $1.34. Torrid has a 52-week low of $0.94 and a 52-week high of $5.54. The firm has a market cap of $152.73 million, a P/E ratio of -25.58 and a beta of 0.96.

Torrid (NYSE:CURV) last posted its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $236.17 million for the quarter, compared to analysts’ expectations of $231.11 million. On average, analysts anticipate that Torrid will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at Torrid

In related news, CFO Paula Dempsey sold 42,785 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $2.06, for a total value of $88,137.10. Following the transaction, the chief financial officer directly owned 227,923 shares of the company’s stock, valued at approximately $469,521.38. This trade represents a 15.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ashlee Wheeler sold 30,013 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $1.98, for a total transaction of $59,425.74. Following the completion of the transaction, the insider directly owned 205,856 shares in the company, valued at $407,594.88. This represents a 12.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.85% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in Torrid by 27.1% in the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares in the last quarter. State of Wyoming lifted its stake in Torrid by 17.3% in the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after buying an additional 6,580 shares in the last quarter. Creative Planning lifted its stake in Torrid by 45.4% in the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after buying an additional 11,641 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Torrid by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after buying an additional 11,962 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Torrid by 2.3% in the 1st quarter. Bank of America Corp DE now owns 631,261 shares of the company’s stock valued at $1,124,000 after buying an additional 14,420 shares in the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.