Torrid Holdings Inc. (NYSE:CURV) Stock Has Consensus Price Target of $1.81 According to Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have been given an average rating of “Reduce” by the eight research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $1.81.

A number of analysts recently weighed in on CURV shares. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research report on Thursday, October 15th. Morgan Stanley started coverage on shares of Torrid in a research report on Monday, July 6th. They set an “equal weight” rating and a $1.80 price target on the stock. Bank of America lifted their price target on shares of Torrid from $2.25 to $2.70 and gave the stock a “buy” rating in a research note on Friday, September 4th. Finally, William Blair reissued a “market perform” rating on shares of Torrid in a research note on Tuesday, October 20th.

Torrid Stock Performance

NYSE CURV opened at $2.45 on Friday. Torrid has a 52-week low of $0.94 and a 52-week high of $2.86. The company has a fifty day moving average of $2.30 and a 200-day moving average of $1.85. The company has a market capitalization of $244.31 million, a P/E ratio of -27.22 and a beta of 0.69.

Torrid (NYSE:CURV) last released its earnings results on Thursday, September 3rd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $231.73 million during the quarter, compared to the consensus estimate of $237.24 million. As a group, analysts forecast that Torrid will post -0.04 EPS for the current fiscal year.

Institutional Trading of Torrid

Several institutional investors have recently added to or reduced their stakes in CURV. Bank of America Corp DE bought a new stake in Torrid in the 2nd quarter worth approximately $859,000. Fund 1 Investments LLC increased its stake in Torrid by 1.2% in the 2nd quarter. Fund 1 Investments LLC now owns 9,847,478 shares of the company’s stock worth $18,415,000 after acquiring an additional 119,433 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Torrid in the 2nd quarter valued at about $104,000. JB Capital Partners LP purchased a new stake in Torrid in the 2nd quarter worth about $280,500. Finally, BlackRock Inc. bought a new stake in Torrid during the 2nd quarter valued at about $3,585,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

About Torrid

Torrid Holdings Inc is a specialty retailer focused on fashion for women who wear sizes 10 to 30. The company offers a broad assortment of apparel, including dresses, tops, bottoms, denim, activewear, outerwear and intimates, along with footwear, accessories and beauty products.

Operating under the Torrid brand, the company serves customers through an omnichannel model that combines brick-and-mortar stores with its e-commerce platform. Its merchandise is designed around fit, comfort and contemporary styles for the plus-size market, and the company also offers extended-size collections and specialized fit options.

Founded in 2001, Torrid primarily serves customers in the United States and Canada.