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

Torrid (NYSE:CURV - Get Free Report)'s stock had its "market perform" rating restated by analysts at Telsey Advisory Group in a report released on Monday,Benzinga reports. They currently have a $6.00 target price on the stock. Telsey Advisory Group's price objective suggests a potential upside of 22.45% from the stock's current price.

Separately, The Goldman Sachs Group downgraded Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective on the stock. in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Torrid has an average rating of "Hold" and a consensus price target of $4.75.

Torrid Price Performance

Shares of CURV traded down $0.08 on Monday, reaching $4.90. The company's stock had a trading volume of 714,624 shares, compared to its average volume of 385,433. The stock's 50 day simple moving average is $5.46 and its two-hundred day simple moving average is $5.46. The stock has a market capitalization of $511.20 million, a P/E ratio of 32.67, a PEG ratio of 1.03 and a beta of 1.78. Torrid has a 12-month low of $2.18 and a 12-month high of $9.14.

Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $265.97 million during the quarter, compared to analyst estimates of $270.95 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. Analysts expect that Torrid will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new stake in Torrid in the 4th quarter valued at $14,240,000. Bank of America Corp DE raised its position in Torrid by 4,794.2% in the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company's stock worth $2,215,000 after purchasing an additional 414,942 shares during the period. Shay Capital LLC boosted its holdings in Torrid by 140.2% during the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after acquiring an additional 279,521 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Torrid by 103.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock valued at $2,288,000 after acquiring an additional 222,504 shares during the last quarter. Finally, State of Wyoming bought a new position in Torrid in the 4th quarter valued at $570,000. 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.