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

Posted by Defense World Staff on Mar 18th, 2023

Torrid Holdings Inc. (NYSE:CURV – Get Rating) has received a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.25.

A number of research analysts have recently commented on the company. The Goldman Sachs Group cut their price target on Torrid from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, December 12th. William Blair lowered Torrid from an “outperform” rating to a “market perform” rating in a report on Friday, December 9th. Jefferies Financial Group lowered Torrid from a “buy” rating to a “hold” rating and cut their price target for the stock from $7.00 to $3.00 in a report on Wednesday, February 15th. Finally, Telsey Advisory Group cut their target price on Torrid from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Friday, December 9th.

Torrid Stock Down 1.3 %

Shares of CURV stock opened at $2.30 on Friday. Torrid has a 12 month low of $2.19 and a 12 month high of $8.54. The firm has a market cap of $238.42 million, a PE ratio of 7.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.84. The stock has a 50 day moving average of $3.17 and a 200-day moving average of $3.93.

Insiders Place Their Bets

In related news, Director Theo Killion acquired 10,000 shares of the company’s stock in a transaction on Monday, December 19th. The stock was purchased at an average cost of $2.82 per share, for a total transaction of $28,200.00. Following the completion of the purchase, the director now directly owns 37,429 shares of the company’s stock, valued at approximately $105,549.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.58% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of Torrid by 76.7% during the first quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock worth $52,000 after purchasing an additional 3,750 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Torrid by 25.1% during the first quarter. Bank of New York Mellon Corp now owns 45,557 shares of the company’s stock worth $276,000 after purchasing an additional 9,146 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Torrid by 2,270.7% during the first quarter. Citigroup Inc. now owns 77,284 shares of the company’s stock worth $469,000 after purchasing an additional 74,024 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Torrid by 64.7% during the first quarter. Rhumbline Advisers now owns 16,963 shares of the company’s stock worth $103,000 after purchasing an additional 6,661 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Torrid by 15.8% during the first quarter. BlackRock Inc. now owns 885,970 shares of the company’s stock worth $5,369,000 after purchasing an additional 120,915 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Torrid Company Profile

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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.