Torrid’s (CURV) Market Perform Rating Reiterated at Telsey Advisory Group

Torrid (NYSE:CURV)‘s stock had its “market perform” rating restated by equities researchers at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $5.00 price objective on the stock. Telsey Advisory Group’s price target would indicate a potential downside of 0.30% from the stock’s previous close.

CURV has been the topic of several other research reports. Morgan Stanley raised their target price on shares of Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their target price on shares of Torrid from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Finally, Bank of America initiated coverage on shares of Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.63.

Torrid Trading Up 4.7 %

Shares of NYSE CURV opened at $5.02 on Friday. The firm has a market capitalization of $525.36 million, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99. Torrid has a 1 year low of $2.18 and a 1 year high of $9.14. The firm’s 50-day moving average is $6.12 and its 200-day moving average is $4.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Torrid by 150.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock valued at $49,000 after buying an additional 5,678 shares in the last quarter. Corebridge Financial Inc. lifted its stake in Torrid by 53.6% in the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock valued at $53,000 after buying an additional 3,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 buying an additional 4,013 shares in the last quarter. Barclays PLC lifted its stake in Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after buying an additional 13,584 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in Torrid in the fourth quarter valued at approximately $80,000. Institutional investors own 81.82% of the company’s stock.

About Torrid

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.