JPMorgan Chase & Co. Buys 11,551 Shares of Torrid Holdings Inc. (NYSE:CURV)

JPMorgan Chase & Co. boosted its stake in shares of Torrid Holdings Inc. (NYSE:CURV) by 125.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,776 shares of the company’s stock after buying an additional 11,551 shares during the period. JPMorgan Chase & Co.’s holdings in Torrid were worth $82,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Torrid by 354.5% in the 3rd 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 increased its holdings in shares of 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 purchasing an additional 26,703 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Torrid in the 3rd quarter worth $145,000. Quadrature Capital Ltd bought a new stake in shares of Torrid in the 3rd quarter worth $104,000. Finally, Maven Securities LTD bought a new stake in shares of Torrid in the 3rd quarter worth $98,000. Institutional investors own 81.82% of the company’s stock.

Torrid Stock Down 6.3 %

Torrid stock opened at $6.62 on Tuesday. The business has a fifty day moving average of $5.26 and a two-hundred day moving average of $5.26. The firm has a market cap of $693.09 million, a P/E ratio of 44.11, a P/E/G ratio of 2.07 and a beta of 1.96. Torrid Holdings Inc. has a twelve month low of $2.18 and a twelve month high of $9.14.

Torrid (NYSE:CURV) last posted its earnings results on Tuesday, December 3rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. Equities analysts expect that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on CURV. Telsey Advisory Group lowered their target price on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Bank of America initiated coverage on Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price on the stock. Morgan Stanley lifted their target price on Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group reduced their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

About Torrid

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.