Torrid (NYSE:CURV) Stock Price Down 5.1%

Torrid Holdings Inc. (NYSE:CURVGet Free Report) shares traded down 5.1% during trading on Monday . The company traded as low as $6.36 and last traded at $6.49. 55,631 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 101,312 shares. The stock had previously closed at $6.84.

Analysts Set New Price Targets

CURV has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on Torrid from $2.95 to $5.75 and gave the company a “neutral” rating in a research note on Monday, April 1st. Telsey Advisory Group lifted their price target on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Torrid presently has a consensus rating of “Hold” and a consensus price target of $4.79.

Get Our Latest Stock Analysis on Torrid

Torrid Price Performance

The firm has a 50-day simple moving average of $5.60 and a 200 day simple moving average of $5.16. The company has a market capitalization of $701.23 million, a PE ratio of 59.01 and a beta of 2.02.

Torrid (NYSE:CURVGet Free Report) last released its quarterly earnings data on Wednesday, June 12th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Torrid had a negative return on equity of 5.79% and a net margin of 1.05%. The company had revenue of $279.77 million for the quarter, compared to analyst estimates of $280.15 million. During the same period last year, the company posted $0.11 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts expect that Torrid Holdings Inc. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Torrid

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fund 1 Investments LLC grew its stake in Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Torrid during the 4th quarter valued at $62,000. Great Lakes Advisors LLC purchased a new position in shares of Torrid during the 4th quarter valued at $93,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Torrid by 145.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after acquiring an additional 50,466 shares in the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

About Torrid

(Get Free Report)

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.

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