Torrid (NYSE:CURV) Price Target Raised to $5.00

Torrid (NYSE:CURV) had its price objective raised by The Goldman Sachs Group from $4.50 to $5.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group boosted their price objective on shares of Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Bank of America began coverage on Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Torrid presently has a consensus rating of “Hold” and an average target price of $5.00.

Torrid Stock Up 4.1 %

Shares of CURV opened at $5.76 on Friday. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14. The stock has a market cap of $603.09 million, a P/E ratio of 38.38, a P/E/G ratio of 1.03 and a beta of 1.99. The business’s 50 day moving average price is $6.10 and its 200-day moving average price is $4.94.

Torrid (NYSE:CURV) last released its earnings results on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The firm had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, equities analysts anticipate that Torrid will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CURV. Wells Fargo & Company MN grew its stake in shares of Torrid by 150.7% during 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 during the period. Corebridge Financial Inc. lifted its holdings in Torrid by 53.6% during the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $59,000 after purchasing an additional 4,013 shares during the period. Barclays PLC increased its stake in shares of Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock worth $69,000 after purchasing an additional 13,584 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Torrid during the 4th quarter valued at $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.