Torrid (NYSE:CURV) Given New $6.00 Price Target at Telsey Advisory Group

Torrid (NYSE:CURV) had its target price boosted by Telsey Advisory Group from $5.00 to $6.00 in a research report released on Friday, Marketbeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group upped their target price on shares of Torrid from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price objective on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 21st. Finally, Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.00.

Torrid Price Performance

Shares of NYSE CURV opened at $5.76 on Friday. The company has a market capitalization of $603.09 million, a P/E ratio of 38.38, a P/E/G ratio of 1.03 and a beta of 1.99. The company has a 50 day simple moving average of $6.10 and a 200-day simple moving average of $4.96. Torrid has a 1 year low of $2.18 and a 1 year high of $9.14.

Torrid (NYSE:CURV) last posted its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.04. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The company had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $263.34 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that Torrid will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CURV. Nomura Holdings Inc. purchased a new position in Torrid in the 4th quarter valued at approximately $14,240,000. Centiva Capital LP purchased a new position in Torrid in the third quarter valued at $3,930,000. Shay Capital LLC grew its stake in Torrid by 140.2% during the 4th quarter. Shay Capital LLC now owns 478,880 shares of the company’s stock worth $2,505,000 after purchasing an additional 279,521 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Torrid by 103.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company’s stock worth $2,288,000 after purchasing an additional 222,504 shares during the period. Finally, 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 valued at $2,215,000 after purchasing an additional 414,942 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

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.