Royce & Associates LP Makes New Investment in Torrid Holdings Inc. (NYSE:CURV)

Royce & Associates LP acquired a new position in Torrid Holdings Inc. (NYSE:CURV) during the fourth quarter, HoldingsChannel reports. The fund acquired 22,131 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CURV. Barclays PLC boosted its stake in Torrid by 354.5% in the third 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. JPMorgan Chase & Co. boosted its stake in Torrid by 125.2% in the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock worth $82,000 after purchasing an additional 11,551 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock valued at $90,000 after acquiring an additional 1,685 shares during the period. Maven Securities LTD acquired a new position in shares of Torrid during the third quarter valued at $98,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Torrid during the third quarter valued at $104,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

Torrid Trading Up 4.1 %

NYSE CURV opened at $5.76 on Friday. The stock has a 50-day simple moving average of $6.10 and a 200 day simple moving average of $4.96. The company has a market capitalization of $603.09 million, a PE ratio of 38.38, a P/E/G 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 released its quarterly earnings data on Thursday, March 20th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, sell-side analysts predict that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CURV shares. Telsey Advisory Group upped their price target on Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research note on Friday. Morgan Stanley upped their price target on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Tuesday, January 21st. Bank of America started coverage on Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on Torrid from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Torrid currently has an average rating of “Hold” and a consensus price target 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.