During the last session, Torrid Holdings Inc (NYSE:CURV)’s traded shares were 0.36 million, with the beta value of the company hitting 1.97. At the end of the trading day, the stock’s price was $3.96, reflecting an intraday gain of 1.02% or $0.04. The 52-week high for the CURV share is $9.14, that puts it down -130.81 from that peak though still a striking 44.95% gain since the share price plummeted to a 52-week low of $2.18. The company’s market capitalization is $414.54M, and the average intraday trading volume over the past 10 days was 0.31 million shares, and the average trade volume was 549.50K shares over the past three months.
Torrid Holdings Inc (CURV) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. CURV has a Sell rating from 2 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
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Torrid Holdings Inc (NYSE:CURV) trade information
Torrid Holdings Inc (CURV) registered a 1.02% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.02% in intraday trading to $3.96, hitting a weekly high. The stock’s 5-day price performance is -3.18%, and it has moved by 7.90% in 30 days. Based on these gigs, the overall price performance for the year is 3.12%. The short interest in Torrid Holdings Inc (NYSE:CURV) is 0.64 million shares and it means that shorts have 1.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.9, which implies an increase of 19.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $6 respectively. As a result, CURV is trading at a discount of -51.52% off the target high and 11.62% off the low.
Torrid Holdings Inc (CURV) estimates and forecasts
Statistics show that Torrid Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Torrid Holdings Inc (CURV) shares have gone down -35.19% during the last six months, with a year-to-date growth rate more than the industry average at 81.82% against 8.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 193.33% this quarter and then jump 15.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.51% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 284.29M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 289.34M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 275.41M and 293.54M respectively. In this case, analysts expect current quarter sales to grow by 3.22% and then drop by -1.43% in the coming quarter.
While earnings are projected to return 74.96% in 2024.
CURV Dividends
Torrid Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Torrid Holdings Inc (NYSE:CURV)’s Major holders
Torrid Holdings Inc insiders own 9.94% of total outstanding shares while institutional holders control 82.08%, with the float percentage being 91.14%. SYCAMORE PARTNERS MANAGEMENT, L.P. is the largest shareholder of the company, while 119.0 institutions own stock in it. As of 2024-06-30, the company held over 82.35 million shares (or 78.9811% of all shares), a total value of $616.82 million in shares.
The next largest institutional holding, with 1.49 million shares, is of FUND 1 INVESTMENTS, LLC’s that is approximately 1.4329% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.19 million.
Also, the Mutual Funds coming in first place with the largest holdings of Torrid Holdings Inc (CURV) shares are iShares Russell 2000 ETF and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that iShares Russell 2000 ETF owns about 341.8 shares. This amounts to just over 0.33 percent of the company’s overall shares, with a $1.35 million market value. The same data shows that the other fund manager holds slightly less at 149.6, or about 0.14% of the stock, which is worth about $0.59 million.
