Torrid (NYSE:CURV) Price Target Raised to $6.00

Torrid (NYSE:CURV) had its target price increased by Telsey Advisory Group from $5.00 to $6.00 in a research note published on Friday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock. Telsey Advisory Group also issued estimates for Torrid’s FY2026 earnings at $0.19 EPS and FY2027 earnings at $0.25 EPS.

A number of other equities research analysts have also issued reports on CURV. The Goldman Sachs Group raised their price target on shares of Torrid from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Morgan Stanley raised their target price on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 21st. Finally, Bank of America started coverage on Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 price target for the company. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.00.

Torrid Trading Up 4.1 %

NYSE CURV opened at $5.76 on Friday. The stock has a 50-day moving average of $6.10 and a 200-day moving average of $4.94. Torrid has a 1-year low of $2.18 and a 1-year high of $9.14. The firm has a market cap of $603.09 million, a PE ratio of 38.38, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.

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

Hedge Funds Weigh In On Torrid

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. purchased a new stake in Torrid in the fourth quarter worth about $14,240,000. Centiva Capital LP bought a new position in shares of Torrid in the 3rd quarter worth approximately $3,930,000. Bank of America Corp DE lifted its stake in shares of Torrid by 4,794.2% in the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock valued at $2,215,000 after purchasing an additional 414,942 shares during the period. Shay Capital LLC boosted its position in shares of Torrid by 140.2% during the fourth 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 stake in Torrid by 103.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company’s stock worth $2,288,000 after purchasing an additional 222,504 shares during the period. Hedge funds and other 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.