Millennium Management LLC Trims Stock Position in Torrid Holdings Inc. (NYSE:CURV)

Millennium Management LLC reduced its position in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 70.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,066 shares of the company's stock after selling 101,770 shares during the quarter. Millennium Management LLC's holdings in Torrid were worth $220,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in Torrid by 150.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock valued at $49,000 after purchasing an additional 5,678 shares during the period. Corebridge Financial Inc. raised its position in Torrid by 53.6% during 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. lifted its stake in Torrid by 55.9% in 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. Rhumbline Advisers boosted its stake in shares of Torrid by 10.9% in the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock worth $90,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Polymer Capital Management US LLC acquired a new stake in Torrid during the 4th quarter worth $110,000. Hedge funds and other institutional investors own 81.82% of the company's stock.

Analyst Upgrades and Downgrades

CURV has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price objective on the stock. in a research report on Tuesday, April 22nd. Telsey Advisory Group restated a "market perform" rating and set a $6.00 price target on shares of Torrid in a research note on Monday, June 2nd. Finally, BTIG Research began coverage on shares of Torrid in a report on Thursday. They issued a "neutral" rating for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Torrid has an average rating of "Hold" and an average price target of $4.75.

Torrid Stock Up 2.1%

Torrid stock traded up $0.10 during midday trading on Thursday, reaching $4.94. The company's stock had a trading volume of 192,762 shares, compared to its average volume of 388,077. The company has a market cap of $515.38 million, a P/E ratio of 32.93, a P/E/G ratio of 1.03 and a beta of 1.78. The business has a 50-day simple moving average of $5.44 and a 200-day simple moving average of $5.49. Torrid Holdings Inc. has a fifty-two week low of $2.18 and a fifty-two week high of $9.14.

Torrid (NYSE:CURV - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $265.97 million during 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%. As a group, equities analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

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.