Geode Capital Management LLC grew its stake in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) by 33.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 347,808 shares of the company's stock after acquiring an additional 87,879 shares during the period. Geode Capital Management LLC owned about 0.33% of Torrid worth $1,819,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CURV. Arrowstreet Capital Limited Partnership lifted its position 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in Torrid by 15.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 101,722 shares of the company's stock worth $532,000 after buying an additional 13,781 shares during the period. Bravias Capital Group LLC bought a new stake in Torrid during the 4th quarter valued at $137,000. Royce & Associates LP bought a new stake in Torrid during the 4th quarter valued at $116,000. Finally, JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 11,551 shares during the period. Hedge funds and other institutional investors own 81.82% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on CURV. Telsey Advisory Group upped their price objective on Torrid from $5.00 to $6.00 and gave the stock a "market perform" rating in a research note on Friday, March 21st. Morgan Stanley increased their price target on shares of Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group downgraded shares of 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.75.
View Our Latest Research Report on Torrid
Torrid Price Performance
Torrid stock traded down $0.45 during midday trading on Monday, reaching $6.01. The company's stock had a trading volume of 15,157 shares, compared to its average volume of 301,613. Torrid Holdings Inc. has a 52-week low of $2.18 and a 52-week high of $9.14. The stock has a market capitalization of $627.01 million, a P/E ratio of 40.07, a PEG ratio of 1.03 and a beta of 1.96. The stock's 50-day simple moving average is $5.57 and its 200-day simple moving average is $5.22.
Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $263.34 million. During the same period last year, the business earned ($0.04) EPS. Torrid's revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.
Torrid Profile
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Free Report)
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.
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