Barclays PLC Raises Holdings in Torrid Holdings Inc. (NYSE:CURV)

Barclays PLC lifted its holdings in Torrid Holdings Inc. (NYSE:CURV) by 354.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,416 shares of the company’s stock after purchasing an additional 13,584 shares during the quarter. Barclays PLC’s holdings in Torrid were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maven Securities LTD purchased a new position in Torrid in the 3rd quarter worth about $98,000. Quadrature Capital Ltd purchased a new position in shares of Torrid during the third quarter valued at approximately $104,000. XTX Topco Ltd purchased a new position in shares of Torrid during the third quarter valued at approximately $145,000. Verition Fund Management LLC bought a new position in Torrid during the third quarter valued at approximately $166,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Torrid by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after purchasing an additional 6,968 shares during the last quarter. 81.82% of the stock is owned by institutional investors.

Torrid Stock Down 0.1 %

CURV stock opened at $6.56 on Friday. The business’s 50-day moving average price is $4.94 and its 200-day moving average price is $5.37. The stock has a market cap of $686.70 million, a P/E ratio of 43.70, a PEG ratio of 1.88 and a beta of 1.91. Torrid Holdings Inc. has a twelve month low of $2.18 and a twelve month high of $9.14.

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

Wall Street Analysts Forecast Growth

CURV has been the topic of several research analyst reports. Bank of America assumed coverage on Torrid in a report on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. The Goldman Sachs Group dropped their target price on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Telsey Advisory Group reduced their price target on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley increased their price objective on shares of Torrid from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Torrid currently has a consensus 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.