Torrid’s (CURV) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Torrid (NYSE:CURV) in a research report sent to investors on Monday,Benzinga reports. The firm currently has a $2.00 price objective on the stock.

CURV has been the topic of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, January 21st. Bank of America reduced their price target on Torrid from $6.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, December 4th. 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 research report on Friday, December 5th. Zacks Research upgraded Torrid from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen cut Torrid from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Torrid presently has a consensus rating of “Reduce” and a consensus target price of $1.44.

Torrid Stock Down 2.7%

CURV stock opened at $1.27 on Monday. The business has a 50 day moving average price of $1.16 and a two-hundred day moving average price of $1.32. The company has a market cap of $125.49 million, a price-to-earnings ratio of -126.50 and a beta of 1.51. Torrid has a twelve month low of $0.94 and a twelve month high of $6.95.

Institutional Inflows and Outflows

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

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.