Sherbrooke Park Advisers LLC Lowers Stake in Torrid Holdings Inc. (NYSE:CURV)

Sherbrooke Park Advisers LLC trimmed its holdings in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,627 shares of the company's stock after selling 49,246 shares during the quarter. Sherbrooke Park Advisers LLC owned about 0.05% of Torrid worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers increased its stake in Torrid by 10.9% during the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock valued at $90,000 after purchasing an additional 1,685 shares in the last quarter. Corebridge Financial Inc. grew its stake in shares of Torrid by 53.6% in the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock worth $53,000 after acquiring an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after acquiring an additional 4,013 shares during the period. Wells Fargo & Company MN grew its stake in shares of Torrid by 150.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock worth $49,000 after acquiring an additional 5,678 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Torrid by 125.2% in the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company's stock worth $82,000 after acquiring an additional 11,551 shares during the period. 81.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CURV has been the topic of a number of research reports. Telsey Advisory Group raised their price objective on shares of Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a report on Friday, March 21st. The Goldman Sachs Group downgraded shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective on the stock. in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Torrid has a consensus rating of "Hold" and a consensus price target of $4.75.

Torrid Stock Down 2.2%

NYSE:CURV traded down $0.12 during trading hours on Friday, hitting $5.18. 450,518 shares of the stock traded hands, compared to its average volume of 379,975. Torrid Holdings Inc. has a 1 year low of $2.18 and a 1 year high of $9.14. The company has a market cap of $540.52 million, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The stock has a 50 day moving average price of $5.54 and a 200 day moving average price of $5.41.

Torrid (NYSE:CURV - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share 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 business had revenue of $275.60 million for the quarter, compared to the consensus estimate of $263.34 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The company's revenue for the quarter was down 6.1% on a year-over-year basis. Equities analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Torrid 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.