Torrid (NYSE:CURV) Trading Up 5% – Should You Buy?

Torrid Holdings Inc. (NYSE:CURV) traded up 5% during mid-day trading on Wednesday . The company traded as high as $5.83 and last traded at $5.86. 10,952 shares were traded during trading, a decline of 97% from the average session volume of 334,282 shares. The stock had previously closed at $5.58.

Analyst Upgrades and Downgrades

CURV has been the topic of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Torrid from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price objective on shares of Torrid in a report on Friday, March 14th. Morgan Stanley upped their target price on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 21st. Finally, Bank of America assumed coverage on Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 price target on the stock. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.63.

Torrid Stock Up 4.5 %

The firm has a fifty day moving average of $6.11 and a 200-day moving average of $4.96. The firm has a market cap of $610.84 million, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.

Institutional Investors Weigh In On Torrid

Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its stake in Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after acquiring an additional 50,439 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Torrid by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after buying an additional 6,968 shares during the last quarter. Verition Fund Management LLC bought a new stake in Torrid in the third quarter valued at approximately $166,000. Centiva Capital LP bought a new position in shares of Torrid during the 3rd quarter worth approximately $3,930,000. Finally, Maven Securities LTD acquired a new position in shares of Torrid during the 3rd quarter worth approximately $98,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

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.