Torrid (NYSE:CURV) Given New $4.50 Price Target at The Goldman Sachs Group

Torrid (NYSE:CURV) had its price objective raised by The Goldman Sachs Group from $4.00 to $4.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 24.31% from the stock’s current price.

A number of other equities analysts have also commented on the company. Morgan Stanley raised their price objective on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 21st. Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Telsey Advisory Group cut their price objective on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.63.

Torrid Stock Performance

NYSE:CURV opened at $5.95 on Tuesday. The firm has a market cap of $622.78 million, a price-to-earnings ratio of 39.90, a P/E/G ratio of 1.03 and a beta of 1.97. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14. The firm’s 50-day simple moving average is $6.06 and its 200 day simple moving average is $5.04.

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

Hedge Funds Weigh In On Torrid

Several hedge funds and other institutional investors have recently modified their holdings of CURV. Nomura Holdings Inc. bought a new stake in shares of Torrid during the 4th quarter worth $14,240,000. Centiva Capital LP bought a new position in shares of Torrid in the third quarter worth about $3,930,000. Bank of America Corp DE lifted its holdings in shares of Torrid by 4,794.2% in the fourth quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock worth $2,215,000 after acquiring an additional 414,942 shares during the last quarter. Shay Capital LLC boosted its stake in shares of Torrid by 140.2% in the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company’s stock valued at $2,505,000 after purchasing an additional 279,521 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Torrid by 103.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company’s stock valued at $2,288,000 after purchasing an additional 222,504 shares during the last quarter. Institutional investors own 81.82% of the company’s stock.

Torrid 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, 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.