Torrid’s (CURV) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Torrid (NYSE:CURV)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They currently have a $6.00 price target on the stock. Telsey Advisory Group’s target price points to a potential upside of 9.29% from the stock’s current price.

Separately, The Goldman Sachs Group lowered Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price target on the stock. in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.75.

Torrid Stock Up 6.4%

NYSE CURV traded up $0.33 during trading on Monday, reaching $5.49. 106,670 shares of the stock traded hands, compared to its average volume of 380,912. Torrid has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The firm has a market cap of $572.76 million, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The stock’s 50-day moving average price is $5.48 and its 200 day moving average price is $5.45.

Torrid (NYSE:CURV) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $275.60 million during the quarter, compared to analyst estimates of $263.34 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. Analysts anticipate that Torrid will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Torrid

Several large investors have recently made changes to their positions in CURV. Wells Fargo & Company MN lifted its position in Torrid by 150.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock valued at $49,000 after acquiring an additional 5,678 shares in the last quarter. Corebridge Financial Inc. raised its stake in shares of Torrid by 53.6% in the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock valued at $53,000 after purchasing an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock valued at $59,000 after purchasing an additional 4,013 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Torrid during the first quarter worth about $68,000. Finally, Two Sigma Advisers LP bought a new position in shares of Torrid during the fourth quarter worth about $80,000. 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.