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

Torrid (NYSE:CURV - Get Free Report)'s stock had its "market perform" rating reiterated by stock analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They currently have a $6.00 target price on the stock. Telsey Advisory Group's target price would suggest a potential upside of 18.11% from the stock's current price.

Separately, The Goldman Sachs Group cut shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective for the company. in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.75.

Torrid Price Performance

Shares of CURV traded down $0.16 on Monday, hitting $5.08. The company's stock had a trading volume of 240,729 shares, compared to its average volume of 382,755. The company has a market capitalization of $529.98 million, a PE ratio of 33.87, a PEG ratio of 1.03 and a beta of 1.78. Torrid has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The company has a 50 day moving average price of $5.47 and a 200 day moving average price of $5.46.

Torrid (NYSE:CURV - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business had revenue of $275.60 million for the quarter, compared to the consensus estimate of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. Torrid's revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. On average, equities analysts forecast that Torrid will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Torrid

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in Torrid by 150.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock worth $49,000 after purchasing an additional 5,678 shares in the last quarter. Corebridge Financial Inc. increased its holdings 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. increased its holdings in Torrid by 55.9% during the 4th 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 in the last quarter. Deutsche Bank AG bought a new position in Torrid during the 1st quarter worth about $68,000. Finally, Two Sigma Advisers LP bought a new position in Torrid during the 4th quarter worth about $80,000. 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.