Torrid (NYSE:CURV) Trading Down 3.7%

Shares of Torrid Holdings Inc. (NYSE:CURV) fell 3.7% on Friday . The company traded as low as $6.07 and last traded at $6.07. 3,548 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 135,177 shares. The stock had previously closed at $6.30.

Analysts Set New Price Targets

CURV has been the subject of several recent analyst reports. Morgan Stanley lowered shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 target price on shares of Torrid in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.45.

Torrid Stock Up 4.4 %

The stock has a market capitalization of $686.62 million, a PE ratio of 59.82 and a beta of 2.01. The stock’s 50 day moving average price is $7.47 and its 200-day moving average price is $6.09.

Torrid (NYSE:CURV) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. The company had revenue of $284.60 million during the quarter, compared to analyst estimates of $282.87 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Torrid Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Torrid

A number of hedge funds have recently added to or reduced their stakes in CURV. Great Lakes Advisors LLC purchased a new stake in Torrid in the fourth quarter worth about $93,000. Ritholtz Wealth Management lifted its stake in Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after acquiring an additional 23,553 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Torrid by 145.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after acquiring an additional 50,466 shares during the period. Finally, Fund 1 Investments LLC lifted 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 acquiring an additional 166,841 shares during the period. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Company Profile

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.