The Goldman Sachs Group Increases Torrid (NYSE:CURV) Price Target to $5.75

Torrid (NYSE:CURVFree Report) had its price objective boosted by The Goldman Sachs Group from $2.95 to $5.75 in a research note released on Monday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other research firms have also recently commented on CURV. Telsey Advisory Group raised their target price on Torrid from $5.00 to $6.00 and gave the company a market perform rating in a research note on Monday. Morgan Stanley raised their target price on Torrid from $2.00 to $4.00 and gave the company an equal weight rating in a research note on Friday, December 8th. Finally, B. Riley initiated coverage on Torrid in a research note on Thursday, February 8th. They issued a buy rating and a $7.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $4.39.

Get Our Latest Analysis on Torrid

Torrid Price Performance

CURV opened at $4.69 on Monday. The stock’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.03. Torrid has a 1 year low of $1.21 and a 1 year high of $6.86. The firm has a market cap of $488.24 million, a price-to-earnings ratio of 46.90 and a beta of 1.99.

Torrid (NYSE:CURVGet Free Report) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.04. Torrid had a negative return on equity of 5.42% and a net margin of 0.99%. The business had revenue of $293.54 million for the quarter, compared to analyst estimates of $276.20 million. During the same period last year, the company earned ($0.04) EPS. Torrid’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Torrid will post 0.22 EPS for the current year.

Insider Buying and Selling at Torrid

In other Torrid news, Director Valeria Rico Nikolov sold 25,380 shares of Torrid stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $5.62, for a total transaction of $142,635.60. Following the completion of the transaction, the director now owns 51,457 shares in the company, valued at $289,188.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CURV. Barclays PLC increased its holdings in shares of Torrid by 85.9% in the 1st quarter. Barclays PLC now owns 7,292 shares of the company’s stock worth $32,000 after purchasing an additional 3,369 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Torrid in the 1st quarter worth $49,000. JPMorgan Chase & Co. increased its holdings in shares of Torrid by 76.7% in the 1st quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock worth $52,000 after purchasing an additional 3,750 shares in the last quarter. American International Group Inc. increased its holdings in shares of Torrid by 34.8% in the 1st quarter. American International Group Inc. now owns 9,147 shares of the company’s stock worth $55,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Torrid in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

About Torrid

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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.

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Analyst Recommendations for Torrid (NYSE:CURV)

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