BTIG Research began coverage on shares of Torrid (NYSE:CURV – Free Report) in a report released on Thursday, Marketbeat.com reports. The brokerage issued a neutral rating on the stock.
Other research analysts have also issued reports about the company. The Goldman Sachs Group lowered Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price objective for the company. in a research note on Tuesday, April 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price target on shares of Torrid in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Torrid currently has a consensus rating of “Hold” and a consensus target price of $4.75.
Check Out Our Latest Research Report on Torrid
Torrid Trading Up 2.1%
Torrid (NYSE:CURV – Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The business had revenue of $265.97 million during the quarter, compared to analyst estimates of $270.95 million. Equities analysts predict that Torrid will post 0.14 EPS for the current year.
Hedge Funds Weigh In On Torrid
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in shares of Torrid by 150.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock valued at $49,000 after purchasing an additional 5,678 shares in the last quarter. Corebridge Financial Inc. boosted its stake in shares of Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock worth $53,000 after acquiring an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock worth $59,000 after acquiring an additional 4,013 shares during the period. Deutsche Bank AG bought a new position in shares of Torrid during the 1st quarter worth approximately $68,000. Finally, Two Sigma Advisers LP bought a new position in shares of Torrid during the 4th quarter worth approximately $80,000. Institutional investors 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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