Torrid (NYSE:CURV) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Torrid (NYSE:CURVGet Rating) from a hold rating to a buy rating in a research note released on Monday morning, Zacks.com reports. The firm currently has $6.25 target price on the stock.

According to Zacks, “Torrid Holdings Inc. is a direct-to-consumer brand of apparel, intimates and accessories principally in North America. It is focused on fit and offers products across a broad assortment which includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. Torrid Holdings Inc. is based in Calif. “

CURV has been the subject of a number of other research reports. Morgan Stanley cut their price objective on shares of Torrid from $12.00 to $11.00 and set an equal weight rating for the company in a report on Monday, March 21st. The Goldman Sachs Group cut their price target on shares of Torrid from $12.00 to $9.00 and set a neutral rating for the company in a report on Monday, March 21st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $17.97.

CURV stock opened at $5.35 on Monday. Torrid has a 12 month low of $4.86 and a 12 month high of $33.19. The firm has a 50-day moving average of $6.23 and a two-hundred day moving average of $9.53.

Torrid (NYSE:CURVGet Rating) last released its quarterly earnings data on Thursday, March 17th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $313.94 million during the quarter, compared to analyst estimates of $302.60 million. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Torrid will post 0.99 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Sycamore Partners Management L.P. purchased a new position in Torrid in the 4th quarter valued at approximately $813,638,000. Franklin Resources Inc. purchased a new position in Torrid in the 3rd quarter valued at approximately $28,145,000. FIL Ltd purchased a new position in Torrid in the 3rd quarter valued at approximately $13,418,000. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new position in Torrid in the 4th quarter valued at approximately $8,487,000. Finally, BlackRock Inc. purchased a new position in Torrid in the 3rd quarter valued at approximately $9,158,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Torrid Company Profile (Get Rating)

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.

Further Reading

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Analyst Recommendations for Torrid (NYSE:CURV)

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