Telsey Advisory Group Reiterates Market Perform Rating for Torrid (NYSE:CURV)

Telsey Advisory Group reaffirmed their market perform rating on shares of Torrid (NYSE:CURV) in a report published on Monday,Benzinga reports. They currently have a $8.00 price objective on the stock.

Several other equities analysts have also weighed in on the stock. William Blair upgraded shares of Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group decreased their price target on shares of Torrid from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.13.

Torrid Stock Up 5.1 %

Torrid stock opened at $4.16 on Monday. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14. The company’s 50 day moving average price is $3.84 and its two-hundred day moving average price is $5.85. The stock has a market cap of $435.47 million, a P/E ratio of 32.00 and a beta of 1.96.

Torrid (NYSE:CURV) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $284.60 million for the quarter, compared to analyst estimates of $282.87 million. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. Torrid’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that Torrid will post 0.2 EPS for the current year.

Insider Activity

In other Torrid news, insider Elizabeth Munoz sold 28,228 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.80, for a total value of $107,266.40. Following the sale, the insider now directly owns 1,948,683 shares in the company, valued at $7,404,995.40. This represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa M. Harper sold 498,087 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.80, for a total transaction of $1,892,730.60. Following the transaction, the chief executive officer now owns 5,596,314 shares of the company’s stock, valued at $21,265,993.20. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,164,601 shares of company stock worth $34,825,484. 9.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Torrid

Several large investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its holdings in shares of Torrid by 145.5% in 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. Ritholtz Wealth Management lifted its position in Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after purchasing an additional 23,553 shares during the last quarter. GSA Capital Partners LLP grew its stake in Torrid by 87.3% in the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after buying an additional 50,439 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after buying an additional 6,968 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Torrid during the 3rd quarter valued at $166,000. Institutional investors own 81.82% of the company’s stock.

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.