JPMorgan Chase & Co. Boosts Stake in Torrid Holdings Inc. (NYSE:CURV)

JPMorgan Chase & Co. lifted its position in shares of Torrid Holdings Inc. (NYSE:CURV) by 125.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,776 shares of the company’s stock after acquiring an additional 11,551 shares during the quarter. JPMorgan Chase & Co.’s holdings in Torrid were worth $82,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Barclays PLC increased its holdings in shares of Torrid by 354.5% during the 3rd quarter. Barclays PLC now owns 17,416 shares of the company’s stock worth $69,000 after buying an additional 13,584 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Torrid during the 3rd quarter worth approximately $98,000. Quadrature Capital Ltd acquired a new stake in shares of Torrid during the 3rd quarter worth approximately $104,000. XTX Topco Ltd acquired a new stake in shares of Torrid during the 3rd quarter worth approximately $145,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Torrid during the 3rd quarter worth approximately $166,000. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Trading Down 6.3 %

Torrid stock opened at $6.62 on Tuesday. The stock has a market cap of $693.09 million, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 2.07 and a beta of 1.96. The company has a fifty day simple moving average of $5.26 and a 200-day simple moving average of $5.26. 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 Tuesday, December 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. As a group, sell-side analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CURV has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Morgan Stanley lifted their target price on shares of Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, January 21st. Bank of America started coverage on shares of Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price for the company. Finally, Telsey Advisory Group dropped their target price on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Torrid has an average rating of “Hold” and an average price target of $5.00.

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.