Charles Schwab Investment Management Inc. Buys 6,968 Shares of Torrid Holdings Inc. (NYSE:CURV)

Charles Schwab Investment Management Inc. lifted its position in Torrid Holdings Inc. (NYSE:CURV) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,941 shares of the company’s stock after acquiring an additional 6,968 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.08% of Torrid worth $346,000 at the end of the most recent reporting period.

Separately, GSA Capital Partners LLP increased its stake in Torrid by 87.3% in the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after buying an additional 50,439 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. William Blair upgraded Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Telsey Advisory Group decreased their target price on Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Torrid presently has an average rating of “Hold” and a consensus target price of $5.20.

Torrid Trading Up 6.4 %

Shares of NYSE CURV opened at $4.66 on Friday. The stock has a fifty day simple moving average of $3.97 and a two-hundred day simple moving average of $5.62. Torrid Holdings Inc. has a 1-year low of $2.18 and a 1-year high of $9.14. The firm has a market cap of $488.17 million, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.20 and a beta of 2.01.

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.