Bank of America Corp DE Raises Position in Torrid Holdings Inc. (NYSE:CURV)

Bank of America Corp DE raised its stake in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 4,794.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 423,597 shares of the company's stock after buying an additional 414,942 shares during the period. Bank of America Corp DE owned about 0.40% of Torrid worth $2,215,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Torrid by 150.7% in 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 during the last quarter. Corebridge Financial Inc. boosted its position in shares of Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock valued at $53,000 after purchasing an additional 3,509 shares in the last quarter. Rhumbline Advisers boosted its position in shares of 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. JPMorgan Chase & Co. boosted 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 purchasing an additional 11,551 shares in the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in shares of Torrid during the 4th quarter valued at about $110,000. Institutional investors own 81.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CURV shares. Telsey Advisory Group restated a "market perform" rating and set a $6.00 target price on shares of Torrid in a research report on Monday. 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. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $4.75.

Torrid Stock Down 3.1%

NYSE:CURV traded down $0.16 on Wednesday, hitting $5.08. The stock had a trading volume of 240,729 shares, compared to its average volume of 381,522. The business's fifty day moving average is $5.47 and its 200 day moving average is $5.46. The company has a market cap of $529.98 million, a PE ratio of 33.87, 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 quarterly earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business 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 company's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Equities analysts predict that Torrid Holdings Inc. will post 0.14 earnings per share 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.