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

Torrid (NYSE:CURV) had its target price lifted by research analysts at Telsey Advisory Group from $5.00 to $6.00 in a note issued to investors on Friday, Marketbeat reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 4.22% from the company’s current price. Telsey Advisory Group also issued estimates for Torrid’s FY2026 earnings at $0.19 EPS and FY2027 earnings at $0.25 EPS.

CURV has been the subject of several other reports. The Goldman Sachs Group raised their target price on shares of Torrid from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Bank of America initiated coverage on shares of Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

Torrid Stock Up 4.1 %

Shares of CURV opened at $5.76 on Friday. The company has a market cap of $603.09 million, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99. Torrid has a twelve month low of $2.18 and a twelve month high of $9.14. The company has a 50 day moving average of $6.10 and a two-hundred day moving average of $4.95.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CURV. Charles Schwab Investment Management Inc. increased its holdings in Torrid by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after buying an additional 6,968 shares in the last quarter. Verition Fund Management LLC purchased a new position in Torrid in the third quarter valued at $166,000. Centiva Capital LP purchased a new position in Torrid in the third quarter valued at $3,930,000. Maven Securities LTD purchased a new position in Torrid in the third quarter valued at $98,000. Finally, Quadrature Capital Ltd purchased a new position in Torrid in the third quarter valued at $104,000. Hedge funds and other 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.