Torrid (NYSE:CURV) Downgraded by The Goldman Sachs Group to "Sell"

Torrid (NYSE:CURV - Get Free Report) was downgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $4.00 target price on the stock. The Goldman Sachs Group's price objective indicates a potential downside of 34.53% from the company's previous close.

CURV has been the subject of several other research reports. Telsey Advisory Group lifted their price target on shares of Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Morgan Stanley raised their price objective on shares of Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.75.

Torrid Stock Up 1.5 %

CURV traded up $0.09 during midday trading on Tuesday, hitting $6.11. The company had a trading volume of 219,685 shares, compared to its average volume of 363,374. The stock's 50 day moving average price is $5.55 and its 200 day moving average price is $5.12. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14. The company has a market capitalization of $641.11 million, a price-to-earnings ratio of 40.73, a PEG ratio of 1.03 and a beta of 1.96.

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

Hedge Funds Weigh In On Torrid

Several large investors have recently bought and sold shares of CURV. Rhumbline Advisers grew its stake in shares of Torrid by 10.9% in the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock worth $90,000 after acquiring an additional 1,685 shares in the last quarter. Corebridge Financial Inc. grew its position in Torrid by 53.6% in 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. grew its position 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 worth $59,000 after purchasing an additional 4,013 shares in the last quarter. Wells Fargo & Company MN increased its stake in Torrid by 150.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock valued at $49,000 after buying an additional 5,678 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Torrid by 125.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company's stock worth $82,000 after buying an additional 11,551 shares in the last quarter. 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.