GSA Capital Partners LLP Has $425,000 Position in Torrid Holdings Inc. (NYSE:CURV)

GSA Capital Partners LLP grew its holdings in Torrid Holdings Inc. (NYSE:CURV) by 87.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 108,234 shares of the company’s stock after buying an additional 50,439 shares during the quarter. GSA Capital Partners LLP owned approximately 0.10% of Torrid worth $425,000 at the end of the most recent reporting period.

Separately, Ritholtz Wealth Management boosted its holdings in Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after acquiring an additional 23,553 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors.

Torrid Price Performance

NYSE:CURV opened at $3.96 on Thursday. Torrid Holdings Inc. has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The stock has a market capitalization of $414.53 million, a PE ratio of 30.46 and a beta of 1.96. The business’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $5.87.

Torrid (NYSE:CURV) last announced its earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. The business had revenue of $284.60 million for the quarter, compared to analyst estimates of $282.87 million. During the same quarter last year, the firm earned $0.06 EPS. Torrid’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts expect that Torrid Holdings Inc. will post 0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Elizabeth Munoz sold 28,228 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $3.80, for a total value of $107,266.40. Following the completion of the sale, the insider now directly owns 1,948,683 shares in the company, valued at $7,404,995.40. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa M. Harper sold 74,713 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $3.80, for a total value of $283,909.40. Following the sale, the chief executive officer now owns 5,521,601 shares of the company’s stock, valued at approximately $20,982,083.80. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,164,601 shares of company stock valued at $34,825,484 in the last 90 days. 9.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. William Blair upgraded Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. The Goldman Sachs Group reduced their target price on Torrid from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $8.00 target price on shares of Torrid in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.13.

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.