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

Telsey Advisory Group reissued their market perform rating on shares of Torrid (NYSE:CURV) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $5.00 target price on the stock.

Several other research analysts have also recently weighed in on CURV. Morgan Stanley increased their price objective on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price target 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 assumed coverage on shares of Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.63.

Torrid Stock Up 4.7 %

Shares of NYSE:CURV opened at $5.02 on Friday. Torrid has a 12-month low of $2.18 and a 12-month high of $9.14. The business has a 50 day moving average of $6.12 and a 200-day moving average of $4.97. The stock has a market cap of $525.36 million, a PE ratio of 33.43, a P/E/G ratio of 1.03 and a beta of 1.99.

Institutional Trading of Torrid

Several institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in Torrid by 150.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock worth $49,000 after acquiring an additional 5,678 shares in the last quarter. Corebridge Financial Inc. increased its position in Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock worth $53,000 after purchasing 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 4th 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 during the last quarter. Barclays PLC boosted its position 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 stake in shares of Torrid during the fourth quarter worth $80,000. 81.82% of the stock is currently owned by institutional investors.

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.