Torrid’s (CURV) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Torrid (NYSE:CURV) in a research report released on Monday morning,Benzinga reports. They currently have a $2.00 price target on the stock.

A number of other analysts have also recently weighed in on CURV. Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a research report on Wednesday, January 21st. Morgan Stanley reissued an “underweight” rating and set a $1.01 price objective on shares of Torrid in a report on Thursday, December 4th. Zacks Research upgraded shares of Torrid from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. The Goldman Sachs Group lowered their target price on shares of Torrid from $1.50 to $0.75 and set a “sell” rating on the stock in a report on Friday, December 5th. Finally, Wall Street Zen cut shares of Torrid from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $1.44.

Torrid Trading Up 1.9%

CURV stock opened at $1.27 on Monday. Torrid has a 1-year low of $0.94 and a 1-year high of $6.95. The business’s 50 day moving average is $1.15 and its 200-day moving average is $1.33. The firm has a market cap of $126.38 million, a P/E ratio of -127.40 and a beta of 1.51.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Fund 1 Investments LLC lifted its position in Torrid by 12.4% during the 2nd quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company’s stock worth $30,778,000 after buying an additional 1,150,726 shares in the last quarter. Nomura Holdings Inc. increased its position in Torrid by 94.8% in the 3rd quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after acquiring an additional 3,034,083 shares in the last quarter. Bank of America Corp DE increased its position in Torrid by 191.1% in the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after acquiring an additional 1,258,934 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Torrid by 13.3% in the third quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock worth $2,294,000 after acquiring an additional 153,973 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Torrid by 10.0% in the third quarter. Citadel Advisors LLC now owns 874,608 shares of the company’s stock worth $1,531,000 after acquiring an additional 79,357 shares during the last quarter. 81.82% of the stock is owned by institutional investors.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.