Telsey Advisory Group Reaffirms “Market Perform” Rating for Torrid (NYSE:CURV)

Torrid (NYSE:CURV)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a report issued on Monday,Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 56.86% from the company’s previous close.

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

Torrid Stock Up 2.0%

Torrid stock traded up $0.03 during trading hours on Monday, hitting $1.28. The stock had a trading volume of 41,290 shares, compared to its average volume of 358,117. The stock’s 50-day moving average price is $1.15 and its 200-day moving average price is $1.34. The stock has a market capitalization of $126.48 million, a P/E ratio of -127.50 and a beta of 1.51. Torrid has a 12-month low of $0.94 and a 12-month high of $6.95.

Institutional Investors Weigh In On Torrid

Large investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC lifted its stake in shares of Torrid by 47.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company’s stock worth $153,000 after purchasing an additional 50,000 shares during the period. Fund 1 Investments LLC increased its holdings in Torrid by 0.9% during the fourth quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after buying an additional 90,000 shares during the last quarter. Abel Hall LLC bought a new position in Torrid in the fourth quarter worth approximately $49,000. Jain Global LLC bought a new position in Torrid in the fourth quarter worth approximately $55,000. Finally, Wells Fargo & Company MN grew its position in shares of Torrid by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after acquiring an additional 11,962 shares during the period. 81.82% of the stock is currently owned by institutional investors.

Torrid Company Profile

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.