Nomura Holdings Inc. Buys Shares of 2,722,824 Torrid Holdings Inc. (NYSE:CURV)

Nomura Holdings Inc. bought a new position in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,722,824 shares of the company's stock, valued at approximately $14,240,000. Nomura Holdings Inc. owned 2.60% of Torrid at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. 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 worth $49,000 after purchasing 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 worth $53,000 after acquiring an additional 3,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $59,000 after acquiring an additional 4,013 shares in the last quarter. Barclays PLC boosted its holdings in shares of Torrid by 354.5% in the 3rd quarter. Barclays PLC now owns 17,416 shares of the company's stock valued at $69,000 after buying an additional 13,584 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Torrid by 125.2% in 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 during the period. Hedge funds and other institutional investors own 81.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CURV. Morgan Stanley increased their price target on shares of Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lowered Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price target on the stock. in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group increased their price objective on Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.75.

Torrid Trading Up 2.1%

Shares of NYSE:CURV traded up $0.13 during trading on Tuesday, hitting $5.95. 30,235 shares of the stock were exchanged, compared to its average volume of 372,126. Torrid Holdings Inc. has a 12-month low of $2.18 and a 12-month high of $9.14. The company has a market cap of $620.22 million, a PE ratio of 39.49, a P/E/G ratio of 1.03 and a beta of 1.94. The company has a fifty day moving average price of $5.52 and a two-hundred day moving average price of $5.37.

Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. During the same period in the prior year, the firm earned ($0.04) EPS. The firm's quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal 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.