Torrid (NYSE:CURV) Shares Down 6% – Should You Sell?

Torrid Holdings Inc. (NYSE:CURV)’s share price dropped 6% during trading on Monday . The stock traded as low as $6.54 and last traded at $6.64. Approximately 282,795 shares traded hands during trading, a decline of 3% from the average daily volume of 292,083 shares. The stock had previously closed at $7.06.

Analyst Upgrades and Downgrades

CURV has been the topic of a number of research analyst reports. Telsey Advisory Group cut their target price on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. Bank of America began coverage on Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 target price for the company. Morgan Stanley boosted their price target on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Torrid Trading Down 6.3 %

The company has a market cap of $693.09 million, a PE ratio of 44.11, a price-to-earnings-growth ratio of 2.07 and a beta of 1.96. The firm has a fifty day moving average of $5.21 and a two-hundred day moving average of $5.27.

Torrid (NYSE:CURV) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. Sell-side analysts expect that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Torrid

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its position in Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock worth $69,000 after buying an additional 13,584 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Torrid by 125.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock valued at $82,000 after acquiring an additional 11,551 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock worth $90,000 after purchasing an additional 1,685 shares in the last quarter. Maven Securities LTD bought a new position in shares of Torrid in the third quarter worth approximately $98,000. Finally, Quadrature Capital Ltd purchased a new stake in Torrid in the third quarter valued at approximately $104,000. 81.82% of the stock is currently owned by institutional investors.

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.