Torrid Holdings Inc. (NYSE:CURV) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) by 103.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 437,535 shares of the company's stock after buying an additional 222,504 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.42% of Torrid worth $2,288,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Torrid by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company's stock valued at $346,000 after purchasing an additional 6,968 shares during the last quarter. Verition Fund Management LLC purchased a new position in Torrid in the third quarter worth about $166,000. Quadrature Capital Ltd bought a new stake in Torrid during the third quarter worth approximately $104,000. XTX Topco Ltd bought a new stake in Torrid during the third quarter worth approximately $145,000. Finally, Barclays PLC raised its position in Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company's stock valued at $69,000 after purchasing an additional 13,584 shares during the period. Hedge funds and other institutional investors own 81.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Telsey Advisory Group boosted their target price on Torrid from $5.00 to $6.00 and gave the company a "market perform" rating in a research report on Friday, March 21st. Morgan Stanley lifted their target price on Torrid from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group boosted their price target on Torrid from $4.50 to $5.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.00.

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Torrid Stock Performance

Torrid stock traded up $0.07 during midday trading on Friday, hitting $5.24. 118,049 shares of the company's stock were exchanged, compared to its average volume of 355,679. The firm has a 50-day moving average of $5.70 and a two-hundred day moving average of $4.98. 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 $549.30 million, a PE ratio of 34.90, a P/E/G ratio of 1.03 and a beta of 1.96.

Torrid (NYSE:CURV - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The company had revenue of $275.60 million during the quarter, compared to analyst estimates of $263.34 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Torrid's revenue was down 6.1% on a year-over-year basis. As a group, equities analysts expect 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.