Great Lakes Advisors LLC Acquires Shares of 16,116 Torrid Holdings Inc. (NYSE:CURV)

Great Lakes Advisors LLC acquired a new stake in Torrid Holdings Inc. (NYSE:CURV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,116 shares of the company’s stock, valued at approximately $93,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Torrid by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 178,039 shares of the company’s stock worth $393,000 after acquiring an additional 6,368 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Torrid during the 3rd quarter worth $54,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Torrid during the 4th quarter worth $62,000. Institutional investors own 81.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CURV shares. B. Riley initiated coverage on Torrid in a research note on Thursday, February 8th. They set a “buy” rating and a $7.00 price target for the company. The Goldman Sachs Group increased their price objective on Torrid from $2.95 to $5.75 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, Telsey Advisory Group increased their price objective on Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.39.

Torrid Stock Down 2.8 %

NYSE:CURV opened at $5.86 on Friday. The business’s 50-day moving average price is $4.87 and its two-hundred day moving average price is $4.80. Torrid Holdings Inc. has a twelve month low of $1.21 and a twelve month high of $6.86. The stock has a market cap of $611.49 million, a P/E ratio of 58.61 and a beta of 1.91.

Torrid (NYSE:CURV) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. Torrid had a negative return on equity of 5.42% and a net margin of 0.99%. The firm had revenue of $293.54 million for the quarter, compared to analysts’ expectations of $276.20 million. During the same quarter last year, the firm posted ($0.04) EPS. The company’s revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts expect that Torrid Holdings Inc. will post 0.17 EPS for the current fiscal year.

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.