O Shaughnessy Asset Management LLC Sells 71,545 Shares of Torrid Holdings Inc. (NYSE:CURV)

O Shaughnessy Asset Management LLC cut its stake in Torrid Holdings Inc. (NYSE:CURV - Free Report) by 45.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,926 shares of the company's stock after selling 71,545 shares during the period. O Shaughnessy Asset Management LLC owned about 0.08% of Torrid worth $449,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in Torrid by 103.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock valued at $2,288,000 after purchasing an additional 222,504 shares during the last quarter. Verition Fund Management LLC bought a new stake in Torrid during the 3rd quarter valued at $166,000. XTX Topco Ltd purchased a new stake in Torrid during the 3rd quarter valued at $145,000. Geode Capital Management LLC grew its holdings in Torrid by 11.4% in the 3rd 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. Finally, Quadrature Capital Ltd purchased a new position in shares of Torrid in the third quarter valued at about $104,000. Institutional investors own 81.82% of the company's stock.

Torrid Stock Performance

Shares of NYSE CURV traded up $0.07 during mid-day trading on Tuesday, hitting $5.30. 73,003 shares of the stock traded hands, compared to its average volume of 354,714. The company has a market cap of $556.12 million, a price-to-earnings ratio of 35.33, a PEG ratio of 1.03 and a beta of 1.96. The stock has a fifty day moving average price of $5.67 and a 200-day moving average price of $5.00. Torrid Holdings Inc. has a 52 week low of $2.18 and a 52 week high of $9.24.

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Torrid (NYSE:CURV - Get Free Report) last released 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 net margin of 1.35% and a negative return on equity of 7.68%. The firm had revenue of $275.60 million for the quarter, compared to the consensus estimate of $263.34 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company's revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

CURV has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Torrid from $3.00 to $4.00 and gave the company an "underweight" rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on shares of Torrid from $4.50 to $5.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Telsey Advisory Group upped their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Torrid has a consensus rating of "Hold" and a consensus 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.