Bank of America Corp DE Purchases 414,942 Shares of Torrid Holdings Inc. (NYSE:CURV)

Bank of America Corp DE grew its stake in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 4,794.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,597 shares of the company's stock after purchasing 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.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position 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 during the last quarter. Geode Capital Management LLC grew its position in Torrid by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 347,808 shares of the company's stock worth $1,819,000 after purchasing an additional 87,879 shares during the last quarter. Northern Trust Corp grew its position in Torrid by 38.7% in the 4th quarter. Northern Trust Corp now owns 189,580 shares of the company's stock worth $992,000 after purchasing an additional 52,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Torrid by 15.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 101,722 shares of the company's stock worth $532,000 after purchasing an additional 13,781 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Torrid in the 4th quarter worth $183,000. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Torrid Trading Down 1.6%

NYSE CURV traded down $0.08 on Friday, reaching $4.90. The company's stock had a trading volume of 714,624 shares, compared to its average volume of 386,907. The firm has a market cap of $511.20 million, a PE ratio of 32.67, a price-to-earnings-growth ratio of 1.03 and a beta of 1.78. The business has a 50-day moving average price of $5.45 and a 200 day moving average price of $5.47. 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 posted its earnings results on Thursday, June 5th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $265.97 million for the quarter, compared to analysts' expectations of $270.95 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. Analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 target price on the stock. in a research note on Tuesday, April 22nd. Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 target price on shares of Torrid in a research note on Monday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $4.75.

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.