Torrid (NYSE:CURV) Sets New 52-Week High at $8.10

Torrid Holdings Inc. (NYSE:CURV)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.10 and last traded at $8.10, with a volume of 19370 shares. The stock had previously closed at $7.76.

Analyst Ratings Changes

CURV has been the topic of several research analyst reports. The Goldman Sachs Group increased their price objective on Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Telsey Advisory Group increased their target price on Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.79.

Torrid Trading Up 7.1 %

The stock has a market cap of $909.93 million, a price-to-earnings ratio of 79.28 and a beta of 2.04. The stock has a 50-day moving average price of $6.69 and a two-hundred day moving average price of $5.54.

Torrid (NYSE:CURV) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $279.77 million during the quarter, compared to analysts’ expectations of $280.15 million. Torrid had a negative return on equity of 5.79% and a net margin of 1.05%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Research analysts predict that Torrid Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Torrid

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new stake in shares of Torrid in the 4th quarter worth $62,000. Great Lakes Advisors LLC purchased a new position in Torrid in the 4th quarter worth $93,000. O Shaughnessy Asset Management LLC raised its stake in Torrid by 145.5% in the 1st 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 last quarter. Finally, Fund 1 Investments LLC raised its stake in Torrid by 493.6% in the 4th 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 last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

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.