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

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

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of 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 buying an additional 6,968 shares during the period. GSA Capital Partners LLP lifted its position in Torrid by 87.3% during the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after acquiring an additional 50,439 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Torrid in the 3rd quarter worth approximately $104,000. Maven Securities LTD acquired a new stake in Torrid in the third quarter valued at approximately $98,000. Finally, Centiva Capital LP purchased a new stake in shares of Torrid during the third quarter valued at approximately $3,930,000. 81.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CURV shares. Telsey Advisory Group decreased their target price on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th. The Goldman Sachs Group decreased their price objective on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Bank of America initiated coverage on Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 target price on the stock. Finally, William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.20.

Torrid Stock Performance

CURV opened at $5.88 on Friday. Torrid Holdings Inc. has a 1-year low of $2.18 and a 1-year high of $9.14. The company has a 50-day moving average of $4.44 and a 200-day moving average of $5.47. The company has a market capitalization of $615.97 million, a P/E ratio of 39.20, a PEG ratio of 1.20 and a beta of 1.91.

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.