O Shaughnessy Asset Management LLC Lowers Stock Holdings in Torrid Holdings Inc. (NYSE:CURV)

O Shaughnessy Asset Management LLC reduced its stake in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,926 shares of the company's stock after selling 71,545 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.08% of Torrid worth $449,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 in the last quarter. Verition Fund Management LLC bought a new position in shares of Torrid in the 3rd quarter valued at about $166,000. XTX Topco Ltd bought a new position in shares of Torrid during the 3rd quarter valued at approximately $145,000. Geode Capital Management LLC increased its position in Torrid by 11.4% during the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company's stock valued at $1,022,000 after acquiring an additional 26,703 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Torrid in the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 81.82% of the company's stock.

Torrid Stock Performance

Shares of CURV traded up $0.05 during midday trading on Wednesday, hitting $5.58. 27,018 shares of the stock were exchanged, compared to its average volume of 355,103. The firm has a market cap of $585.39 million, a P/E ratio of 37.17, a P/E/G ratio of 1.03 and a beta of 1.96. The stock has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $5.00. 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 issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $263.34 million. Torrid had a net margin of 1.35% and a negative return on equity of 7.68%. The firm's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, equities research analysts forecast that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Telsey Advisory Group increased their target price on shares of Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a report on Friday, March 21st. Morgan Stanley raised their price target on Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Torrid from $4.50 to $5.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $5.00.

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.