Charles Schwab Investment Management Inc. Grows Position in Torrid Holdings Inc. (NYSE:CURV)

Charles Schwab Investment Management Inc. raised its holdings in Torrid Holdings Inc. (NYSE:CURV) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,722 shares of the company’s stock after purchasing an additional 13,781 shares during the period. Charles Schwab Investment Management Inc. owned 0.10% of Torrid worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CURV. Bravias Capital Group LLC purchased a new position in Torrid in the 4th quarter valued at approximately $137,000. Rhumbline Advisers boosted its holdings in shares of Torrid by 10.9% in the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock worth $90,000 after acquiring an additional 1,685 shares during the period. JPMorgan Chase & Co. grew its position in shares of Torrid by 125.2% in the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock valued at $82,000 after purchasing an additional 11,551 shares in the last quarter. Barclays PLC grew its position in shares of Torrid by 354.5% in 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Torrid by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock valued at $1,022,000 after purchasing an additional 26,703 shares during the period. Institutional investors own 81.82% of the company’s stock.

Torrid Trading Up 3.6 %

Shares of NYSE CURV opened at $5.51 on Tuesday. The business has a 50-day moving average of $6.05 and a 200-day moving average of $4.93. The firm has a market capitalization of $577.21 million, a price-to-earnings ratio of 36.73, a PEG ratio of 1.03 and a beta of 1.99. Torrid Holdings Inc. has a 12 month low of $2.18 and a 12 month high of $9.14.

Torrid (NYSE:CURV) last issued its quarterly 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 firm had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts predict that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

CURV has been the subject of a number of recent analyst reports. Bank of America began coverage on Torrid in a report on Friday, December 6th. They set a “buy” rating and a $5.00 target price for the company. The Goldman Sachs Group boosted their price objective on shares of Torrid from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Telsey Advisory Group increased their target price on shares of Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a research note on Friday, March 21st. Finally, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Torrid currently has an average rating of “Hold” and an average price target of $5.00.

Torrid 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.