Telsey Advisory Group Reiterates “Market Perform” Rating for Torrid (NYSE:CURV)

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

A number of other analysts also recently weighed in on the company. Morgan Stanley increased their price objective on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on Torrid from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Finally, Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.63.

Torrid Price Performance

CURV opened at $5.02 on Friday. Torrid has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The company’s 50 day moving average price is $6.12 and its two-hundred day moving average price is $4.97. The firm has a market capitalization of $525.36 million, a price-to-earnings ratio of 33.43, a PEG ratio of 1.03 and a beta of 1.99.

Hedge Funds Weigh In On Torrid

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in shares of Torrid in the 4th quarter worth about $14,240,000. Centiva Capital LP acquired a new stake in Torrid during the third quarter worth approximately $3,930,000. Bank of America Corp DE increased its holdings in Torrid by 4,794.2% in the fourth 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 in the last quarter. Shay Capital LLC lifted its stake in Torrid by 140.2% in the fourth quarter. Shay Capital LLC now owns 478,880 shares of the company’s stock valued at $2,505,000 after buying an additional 279,521 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 buying an additional 222,504 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.