In yesterday’s Wall Street session, Torrid Holdings Inc. (NYSE:CURV) shares traded at $4.61, down -1.28% from the previous session.
CURV stock price is now -4.90% away from the 50-day moving average and -21.98% away from the 200-day moving average. The market capitalization of the company currently stands at $452.10M.
With the price target reduced from $6.50 to $5, Morgan Stanley maintained Equal-Weight rating for Torrid Holdings Inc. (NYSE: CURV). On August 04, 2022, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $12 to quote $8, while ‘Cowen’ rates the stock as ‘Market Perform’.
In other news, Stephenson Anne, insider sold 2,775 shares of the company’s stock on Mar 23. The stock was sold for $20,368 at an average price of $7.34. Upon completion of the transaction, the insider now directly owns 291,721 shares in the company, valued at $1.34 million. Insiders disposed of 107,543 shares of company stock worth roughly $0.5 million over the past 1 year. A total of 4.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CURV stock. A new stake in Torrid Holdings Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $324,000. BOOTHBAY FUND MANAGEMENT, LLC invested $323,000 in shares of CURV during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in Torrid Holdings Inc. valued at approximately $154,000. GROUP ONE TRADING, L.P. acquired a new stake in CURV for approximately $128,000. WOLVERINE TRADING, LLC purchased a new stake in CURV valued at around $112,000 in the second quarter. In total, there are 96 active investors with 85.30% ownership of the company’s stock.
Monday morning saw Torrid Holdings Inc. (NYSE: CURV) opened at $4.6400. During the past 12 months, Torrid Holdings Inc. has had a low of $3.70 and a high of $20.35. The fifty day moving average price for CURV is $4.8476 and a two-hundred day moving average price translates $5.9086 for the stock.
The latest earnings results from Torrid Holdings Inc. (NYSE: CURV) was released for Jul, 2022. According to the Apparel Retail Company, earnings per share came in at $0.22, missing analysts’ expectations of $0.24 by -0.02. This compares to $0.35 EPS in the same period last year. The net profit margin was -2.70% and return on equity was 14.40% for CURV. The company reported revenue of $340.88 million for the quarter, compared to $332.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.41 percent. For the current quarter, analysts expect CURV to generate $297.08M in revenue.
Torrid Holdings Inc.(CURV) 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 and Torrid Curve 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. The company sells its products directly to consumers through its e-commerce platform and its physical stores. As of January 29, 2022, it operated 624 stores in 50 U.S. states, Puerto Rico, and Canada. Torrid Holdings Inc. was incorporated in 2019 and is headquartered in City of Industry, California.