Torrid (NYSE:CURV - Get Free Report) had its price target raised by stock analysts at Telsey Advisory Group from $5.00 to $6.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's price objective would suggest a potential upside of 7.33% from the stock's previous close. Telsey Advisory Group also issued estimates for Torrid's FY2026 earnings at $0.19 EPS and FY2027 earnings at $0.25 EPS.
Other analysts have also issued research reports about the company. Morgan Stanley increased their target price on Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price target on Torrid from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.00.
Get Our Latest Report on CURV
Torrid Stock Down 6.1 %
CURV traded down $0.36 during trading on Friday, reaching $5.59. The company had a trading volume of 465,126 shares, compared to its average volume of 342,439. The business has a 50 day simple moving average of $6.10 and a 200-day simple moving average of $4.93. The stock has a market cap of $585.59 million, a P/E ratio of 37.27, a PEG ratio of 1.03 and a beta of 1.99. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14.
Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The firm had revenue of $275.60 million during the quarter, compared to analysts' expectations of $263.34 million. During the same period in the previous year, the company earned ($0.04) EPS. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Torrid will post 0.14 EPS for the current fiscal year.
Institutional Investors Weigh In On Torrid
A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Torrid by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company's stock worth $346,000 after purchasing an additional 6,968 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Torrid by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 259,929 shares of the company's stock worth $1,022,000 after buying an additional 26,703 shares during the last quarter. Barclays PLC raised its stake in shares of Torrid by 354.5% during the 3rd quarter. Barclays PLC now owns 17,416 shares of the company's stock worth $69,000 after acquiring an additional 13,584 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Torrid by 125.2% during the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company's stock valued at $82,000 after acquiring an additional 11,551 shares during the last quarter. Finally, Bravias Capital Group LLC acquired a new stake in Torrid in the fourth quarter valued at approximately $137,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.
About Torrid
(
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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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