Torrid Holdings Inc. (NYSE:CURV) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Torrid Holdings Inc. (NYSE:CURV) by 55.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,189 shares of the company’s stock after acquiring an additional 4,013 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Torrid were worth $59,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CURV. Bank of America Corp DE raised its stake in Torrid by 4,794.2% during the fourth quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock valued at $2,215,000 after buying an additional 414,942 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Torrid by 103.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company’s stock valued at $2,288,000 after buying an additional 222,504 shares in the last quarter. Geode Capital Management LLC raised its stake in Torrid by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 347,808 shares of the company’s stock valued at $1,819,000 after buying an additional 87,879 shares in the last quarter. Northern Trust Corp raised its stake in Torrid by 38.7% during the fourth quarter. Northern Trust Corp now owns 189,580 shares of the company’s stock valued at $992,000 after buying an additional 52,891 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Torrid during the fourth quarter valued at approximately $183,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

Torrid Trading Up 3.7%

Shares of Torrid stock opened at $5.35 on Tuesday. The business’s 50 day simple moving average is $5.48 and its 200-day simple moving average is $5.46. The stock has a market capitalization of $558.15 million, a price-to-earnings ratio of 35.67, a PEG ratio of 1.03 and a beta of 1.94. Torrid Holdings Inc. has a twelve month low of $2.18 and a twelve month high of $9.14.

Torrid (NYSE:CURV) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The business had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Sell-side analysts predict that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CURV shares. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of Torrid in a research note on Monday. The Goldman Sachs Group cut Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price target on the stock. in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.75.

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.