Torrid Holdings Inc. (NYSE:CURV) Short Interest Update

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,330,000 shares, a decline of 20.7% from the March 31st total of 2,940,000 shares. Currently, 11.4% of the company's stock are short sold. Based on an average trading volume of 309,000 shares, the short-interest ratio is presently 7.5 days.

Torrid Stock Performance

CURV traded down $0.01 during trading on Wednesday, reaching $5.40. The company's stock had a trading volume of 10,755 shares, compared to its average volume of 367,766. The company has a market capitalization of $562.84 million, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The company's fifty day moving average price is $5.55 and its 200-day moving average price is $5.24. Torrid has a 52-week low of $2.18 and a 52-week high of $9.14.

Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, beating 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 negative return on equity of 7.68% and a net margin of 1.35%. Torrid's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. Equities analysts predict that Torrid will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

CURV has been the subject of a number of recent research reports. Telsey Advisory Group lifted their target price on Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a report on Friday, March 21st. 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 report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price target on shares of Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CURV. Barclays PLC boosted its position in Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company's stock worth $69,000 after purchasing an additional 13,584 shares in the last quarter. Geode Capital Management LLC raised 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 worth $1,022,000 after acquiring an additional 26,703 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Torrid by 125.2% in the third 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. Rhumbline Advisers grew its position in shares of Torrid by 10.9% in the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock valued at $90,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Bravias Capital Group LLC purchased a new position in shares of Torrid during the 4th quarter worth approximately $137,000. 81.82% of the stock is owned by hedge funds and other institutional investors.

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.