Northern Trust Corp Purchases 52,891 Shares of Torrid Holdings Inc. (NYSE:CURV)

Northern Trust Corp boosted its position in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) by 38.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,580 shares of the company's stock after buying an additional 52,891 shares during the quarter. Northern Trust Corp owned approximately 0.18% of Torrid worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CURV. Arrowstreet Capital Limited Partnership raised its holdings in Torrid by 103.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock worth $2,288,000 after purchasing an additional 222,504 shares in the last quarter. Geode Capital Management LLC grew its position in Torrid by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 347,808 shares of the company's stock valued at $1,819,000 after purchasing an additional 87,879 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Torrid during the 4th quarter valued at about $183,000. Bravias Capital Group LLC purchased a new stake in Torrid during the 4th quarter valued at about $137,000. Finally, Royce & Associates LP purchased a new stake in Torrid during the 4th quarter valued at about $116,000. 81.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CURV. Telsey Advisory Group reissued a "market perform" rating and set a $6.00 price objective on shares of Torrid in a research report on Monday. The Goldman Sachs Group cut shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective for the company. in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Torrid presently has a consensus rating of "Hold" and a consensus price target of $4.75.

Torrid Trading Down 1.9%

NYSE CURV traded down $0.10 during trading hours on Tuesday, hitting $5.25. 203,352 shares of the company's stock traded hands, compared to its average volume of 382,085. The business's fifty day moving average price is $5.47 and its two-hundred day moving average price is $5.46. The firm has a market capitalization of $547.72 million, a P/E ratio of 35.00, a P/E/G ratio of 1.03 and a beta of 1.94. Torrid Holdings Inc. has a 52 week low of $2.18 and a 52 week high of $9.14.

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

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.