Torrid (NYSE:CURV) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Torrid (NYSE:CURV) in a report released on Friday,Benzinga reports. Telsey Advisory Group currently has a $5.00 price objective on the stock.

Several other equities research analysts have also recently commented on the company. Morgan Stanley boosted their target price on 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 boosted their price objective on shares of Torrid from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Finally, Bank of America assumed coverage on shares of Torrid in a research report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Torrid currently has an average rating of “Hold” and a consensus price target of $4.63.

Torrid Trading Up 4.7 %

CURV stock opened at $5.02 on Friday. The stock has a 50-day moving average price of $6.12 and a two-hundred day moving average price of $5.00. Torrid has a 1 year low of $2.18 and a 1 year high of $9.14. The stock has a market cap 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.

Institutional Investors Weigh In On Torrid

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position 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. raised its holdings 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 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. Two Sigma Advisers LP bought a new position in Torrid during the fourth quarter worth about $80,000. Finally, Rhumbline Advisers increased its position in Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock worth $90,000 after buying an additional 1,685 shares during the last quarter. Institutional investors and hedge funds 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.