Brokerages Set Torrid Holdings Inc. (NYSE:CURV) PT at $5.00

Torrid Holdings Inc. (NYSE:CURV) has received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.00.

Several equities research analysts have commented on CURV shares. Telsey Advisory Group dropped their target price on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Bank of America started coverage on Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price on the stock. The Goldman Sachs Group dropped their target price on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Finally, Morgan Stanley upped their price target on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, January 21st.

Torrid Stock Down 1.2 %

Shares of CURV stock opened at $6.56 on Friday. The stock has a market cap of $687.12 million, a price-to-earnings ratio of 43.73, a PEG ratio of 1.88 and a beta of 1.91. The business’s fifty day moving average is $5.09 and its 200 day moving average is $5.32. Torrid has a twelve month low of $2.18 and a twelve month high of $9.14.

Torrid (NYSE:CURV) last released its earnings results on Tuesday, December 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. Equities research analysts expect that Torrid will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Torrid by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after acquiring an additional 6,968 shares during the period. Geode Capital Management LLC lifted its holdings in Torrid by 11.4% in the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock valued at $1,022,000 after acquiring an additional 26,703 shares during the period. Barclays PLC lifted its holdings in Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after acquiring an additional 13,584 shares during the period. GSA Capital Partners LLP lifted its holdings in Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after acquiring an additional 50,439 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Torrid in the third quarter valued at about $104,000. 81.82% of the stock is owned by institutional investors.

About Torrid

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.