State of Wyoming Invests $570,000 in Torrid Holdings Inc. (NYSE:CURV)

State of Wyoming acquired a new position in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 108,952 shares of the company's stock, valued at approximately $570,000. State of Wyoming owned 0.10% of Torrid at the end of the most recent reporting period.

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

Torrid Trading Down 2.2%

CURV stock traded down $0.12 during midday trading on Friday, reaching $5.18. The stock had a trading volume of 450,518 shares, compared to its average volume of 379,975. The company's fifty day simple moving average is $5.54 and its 200 day simple moving average is $5.40. 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. 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 quarterly earnings data on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. Sell-side analysts predict that Torrid Holdings Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CURV. The Goldman Sachs Group lowered Torrid from a "neutral" rating to a "sell" rating and set a $4.00 target price on the stock. in a research report on Tuesday, April 22nd. Telsey Advisory Group increased their target price on Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Torrid has a consensus rating of "Hold" and an average target price of $4.75.

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.