Torrid (NYSE:CURV) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Torrid (NYSE:CURVFree Report) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on CURV. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price objective on shares of Torrid in a research report on Monday. Morgan Stanley reissued an “underweight” rating and issued a $1.01 target price on shares of Torrid in a research note on Thursday, December 4th. Bank of America dropped their target price on Torrid from $6.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, December 4th. The Goldman Sachs Group cut their price target on Torrid from $1.50 to $0.75 and set a “sell” rating on the stock in a research note on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $1.44.

Read Our Latest Stock Report on Torrid

Torrid Trading Up 0.1%

Shares of CURV stock opened at $1.27 on Tuesday. Torrid has a 1 year low of $0.94 and a 1 year high of $6.95. The firm’s 50 day moving average is $1.16 and its 200-day moving average is $1.32. The firm has a market capitalization of $126.08 million, a price-to-earnings ratio of -127.10 and a beta of 1.51.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CURV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Torrid by 338.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company’s stock worth $269,000 after purchasing an additional 37,850 shares during the period. Rhumbline Advisers lifted its stake in Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares during the period. Geode Capital Management LLC boosted its holdings in Torrid by 15.1% during the second quarter. Geode Capital Management LLC now owns 413,370 shares of the company’s stock worth $1,220,000 after buying an additional 54,199 shares during the last quarter. Creative Planning grew its position in shares of Torrid by 45.4% during the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after buying an additional 11,641 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Torrid during the 2nd quarter worth about $346,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

Key Stories Impacting Torrid

Here are the key news stories impacting Torrid this week:

About Torrid

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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.

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Analyst Recommendations for Torrid (NYSE:CURV)

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