Torrid (NYSE:CURV) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Torrid (NYSE:CURV) in a research note published on Monday, Benzinga reports. The firm currently has a $5.00 price objective on the stock.

Other research analysts have also recently issued reports about the company. Morgan Stanley increased their price target on Torrid from $2.00 to $4.00 and gave the company an equal weight rating in a research report on Friday, December 8th. B. Riley started coverage on Torrid in a research report on Thursday, February 8th. They set a buy rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $3.80.

Torrid Trading Up 8.1 %

NYSE:CURV opened at $4.56 on Monday. Torrid has a 1 year low of $1.21 and a 1 year high of $6.86. The stock has a market cap of $474.70 million, a price-to-earnings ratio of 45.60 and a beta of 2.01. The stock has a 50-day moving average price of $4.72 and a two-hundred day moving average price of $3.91.

Insider Activity at Torrid

In related news, Director Valeria Rico Nikolov sold 25,380 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $5.62, for a total transaction of $142,635.60. Following the sale, the director now owns 51,457 shares of the company’s stock, valued at approximately $289,188.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CURV. Barclays PLC increased its position in Torrid by 85.9% in the 1st quarter. Barclays PLC now owns 7,292 shares of the company’s stock valued at $32,000 after buying an additional 3,369 shares in the last quarter. UBS Group AG raised its holdings in shares of Torrid by 506.7% in the 4th quarter. UBS Group AG now owns 10,999 shares of the company’s stock worth $33,000 after purchasing an additional 9,186 shares during the period. XTX Topco Ltd bought a new stake in shares of Torrid in the 2nd quarter worth approximately $36,000. O Shaughnessy Asset Management LLC raised its holdings in Torrid by 62.0% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 16,477 shares of the company’s stock valued at $46,000 after acquiring an additional 6,305 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in Torrid during the 2nd quarter valued at $46,000. 81.82% of the stock is owned by institutional investors.

Torrid Company Profile

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 and Torrid Curve 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.