The Goldman Sachs Group Boosts Torrid (NYSE:CURV) Price Target to $5.00

Torrid (NYSE:CURV - Free Report) had its price objective upped by The Goldman Sachs Group from $4.50 to $5.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Bank of America began coverage on shares of Torrid in a research report on Friday, December 6th. They set a "buy" rating and a $5.00 price objective for the company. Telsey Advisory Group raised their price target on Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.00.

Torrid Price Performance

CURV traded down $0.36 during trading hours on Friday, reaching $5.59. The company's stock had a trading volume of 465,126 shares, compared to its average volume of 342,439. The business's 50-day moving average is $6.10 and its 200-day moving average is $4.93. The stock has a market cap of $585.59 million, a PE ratio of 37.27, a P/E/G ratio of 1.03 and a beta of 1.99. Torrid has a fifty-two week low of $2.18 and a fifty-two week high of $9.14.

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Torrid (NYSE:CURV - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The company's quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. Analysts expect that Torrid will post 0.14 EPS for the current year.

Institutional Trading of Torrid

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in Torrid by 150.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock worth $49,000 after purchasing an additional 5,678 shares during the period. Corebridge Financial Inc. grew its position in shares of Torrid by 53.6% during the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock worth $53,000 after buying an additional 3,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Torrid by 55.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after buying an additional 4,013 shares during the period. Barclays PLC raised its holdings in Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company's stock valued at $69,000 after acquiring an additional 13,584 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Torrid in the fourth quarter worth approximately $80,000. 81.82% of the stock is currently owned by institutional investors and hedge funds.

About Torrid

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.