Last Updated: 19 Sep 2024
Executive Summary
Torrid Holdings Inc. (CURV) is a specialty retailer focused on the North American women's plus size and intimate apparel market. The company has a market capitalization of $458.5 million and trades on the NYSE.
Company Overview
Torrid Holdings operates a chain of over 500 stores in the United States and Canada. The company's target market is women sizes 10-30. Torrid offers a wide range of apparel, lingerie, and accessories designed specifically for plus size women.
Fundamental Analysis
Torrid Holdings has been growing revenue and earnings in recent years. In fiscal 2023, the company reported revenue of $1.13 billion, up 3.1% year-over-year. Net income was $24.3 million, up 12.5% year-over-year.
The company's gross margin is 40.5%, and its operating margin is 7.2%. Torrid Holdings has a strong balance sheet with no debt and $104.7 million in cash and equivalents.
Technical Analysis
The stock price of Torrid Holdings has been in a downtrend since early 2023. The stock is currently trading at $4.29, below its 50-day and 200-day moving averages. The relative strength index (RSI) is 30.9, indicating that the stock is oversold.
Short Term Outlook
The technical analysis suggests that the stock price of Torrid Holdings is likely to continue to decline in the short term. The stock is trading below its moving averages and the RSI is oversold.
Long Term Outlook
The long-term outlook for Torrid Holdings is more positive. The company has a strong brand and a loyal customer base. The company is also expanding its product offerings and opening new stores.
Analyst Recommendations
Four analysts have a hold rating on Torrid Holdings, and one analyst has a sell rating. The average analyst target price is $6.75.
