Torrid (NYSE:CURV) Price Target Raised to $4.00 at Morgan Stanley

Torrid (NYSE:CURV) had its price target boosted by Morgan Stanley from $3.00 to $4.00 in a report issued on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued research reports about the stock. Telsey Advisory Group reduced their price target on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Bank of America initiated 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. Finally, The Goldman Sachs Group lowered their price target on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Torrid has a consensus rating of “Hold” and an average target price of $5.00.

Torrid Price Performance

Torrid stock opened at $6.27 on Tuesday. The firm has a market cap of $656.95 million, a PE ratio of 41.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.91. The stock’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $5.36. Torrid has a one year low of $2.18 and a one year high of $9.14.

Torrid (NYSE:CURV) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. Sell-side analysts expect that Torrid will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Torrid

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its stake in shares of 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 buying an additional 50,439 shares during the period. Charles Schwab Investment Management Inc. increased its position in Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after acquiring an additional 6,968 shares during the period. Verition Fund Management LLC bought a new position in shares of Torrid during the third quarter valued at $166,000. Centiva Capital LP acquired a new position in shares of Torrid during the third quarter worth $3,930,000. Finally, Maven Securities LTD bought a new stake in shares of Torrid in the third quarter worth $98,000. Institutional investors 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.