Torrid (NYSE:CURV – Get Free Report)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They presently have a $5.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential downside of 0.30% from the company’s current price.
Several other research firms also recently issued reports on CURV. Morgan Stanley upped their price objective on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, January 21st. Bank of America assumed coverage on shares of Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, The Goldman Sachs Group increased their target price on shares of Torrid from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Torrid has an average rating of “Hold” and an average price target of $4.63.
View Our Latest Stock Analysis on CURV
Torrid Stock Performance
Institutional Investors Weigh In On Torrid
A number of hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position 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 acquiring an additional 5,678 shares in the last quarter. Corebridge Financial Inc. increased its position in Torrid by 53.6% in the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock valued at $53,000 after acquiring an additional 3,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $59,000 after acquiring an additional 4,013 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Torrid in the 4th quarter valued at about $80,000. Finally, Rhumbline Advisers increased its position in Torrid by 10.9% in the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock valued at $90,000 after acquiring an additional 1,685 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.
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