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

Shares of Torrid Holdings Inc. (NYSE:CURV) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.20.

CURV has been the subject of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. Bank of America began coverage on Torrid in a research report on Friday, December 6th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Telsey Advisory Group lowered their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In related news, insider Elizabeth Munoz sold 188,189 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $715,118.20. Following the transaction, the insider now directly owns 1,976,911 shares of the company’s stock, valued at $7,512,261.80. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of Torrid stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $27,675,179.60. Following the completion of the sale, the insider now directly owns 75,069,044 shares of the company’s stock, valued at approximately $285,262,367.20. This trade represents a 8.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,164,601 shares of company stock worth $34,825,484. Company insiders own 9.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CURV. GSA Capital Partners LLP increased its position in shares of Torrid by 87.3% during the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after acquiring an additional 50,439 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Torrid by 161.0% during the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares in the last quarter. Maven Securities LTD bought a new stake in Torrid during the 3rd quarter worth approximately $98,000. Centiva Capital LP bought a new position in shares of Torrid in the third quarter valued at approximately $3,930,000. Finally, Barclays PLC boosted its position in shares of Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after buying an additional 13,584 shares during the last quarter. Institutional investors own 81.82% of the company’s stock.

Torrid Price Performance

NYSE:CURV opened at $4.04 on Friday. Torrid has a one year low of $2.18 and a one year high of $9.14. The company has a market cap of $422.38 million, a PE ratio of 26.90 and a beta of 2.01. The firm’s 50 day simple moving average is $3.83 and its 200 day simple moving average is $5.71.

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.