Arrowstreet Capital Limited Partnership Grows Position in Torrid Holdings Inc. (NYSE:CURV)

Arrowstreet Capital Limited Partnership lifted its holdings in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 103.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 437,535 shares of the company's stock after purchasing an additional 222,504 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.42% of Torrid worth $2,288,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in Torrid by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company's stock worth $346,000 after acquiring an additional 6,968 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Torrid in the third quarter valued at $166,000. Quadrature Capital Ltd purchased a new stake in Torrid during the 3rd quarter worth about $104,000. XTX Topco Ltd acquired a new position in shares of Torrid during the 3rd quarter worth about $145,000. Finally, Barclays PLC increased its holdings in shares of Torrid by 354.5% in the 3rd quarter. Barclays PLC now owns 17,416 shares of the company's stock valued at $69,000 after acquiring an additional 13,584 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CURV shares. Telsey Advisory Group upped their price target on Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a report on Friday, March 21st. Morgan Stanley upped their target price on shares of Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Torrid from $4.50 to $5.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $5.00.

Torrid Stock Performance

NYSE CURV traded up $0.09 on Tuesday, reaching $5.32. The stock had a trading volume of 22,700 shares, compared to its average volume of 354,516. The stock has a market cap of $557.69 million, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.96. Torrid Holdings Inc. has a 12-month low of $2.18 and a 12-month high of $9.24. The business's 50-day moving average price is $5.67 and its 200 day moving average price is $5.00.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $263.34 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. Torrid's revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side analysts predict that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

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, 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.