Sherbrooke Park Advisers LLC Sells 49,246 Shares of Torrid Holdings Inc. (NYSE:CURV)

Sherbrooke Park Advisers LLC lowered its stake in shares of Torrid Holdings Inc. (NYSE:CURV) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,627 shares of the company’s stock after selling 49,246 shares during the period. Sherbrooke Park Advisers LLC owned approximately 0.05% of Torrid worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CURV. Nomura Holdings Inc. bought a new position in Torrid during the fourth quarter worth about $14,240,000. Bank of America Corp DE lifted its holdings in shares of Torrid by 4,794.2% during the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company’s stock valued at $2,215,000 after purchasing an additional 414,942 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Torrid by 103.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company’s stock valued at $2,288,000 after purchasing an additional 222,504 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Torrid by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 347,808 shares of the company’s stock valued at $1,819,000 after purchasing an additional 87,879 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Torrid by 38.7% during the 4th quarter. Northern Trust Corp now owns 189,580 shares of the company’s stock valued at $992,000 after purchasing an additional 52,891 shares in the last quarter. Institutional investors own 81.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CURV. Telsey Advisory Group lifted their price objective on Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a report on Friday, March 21st. Morgan Stanley lifted their price objective on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut Torrid from a “neutral” rating to a “sell” rating and set a $4.00 price objective on the stock. in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.75.

Torrid Stock Performance

Shares of Torrid stock opened at $5.83 on Tuesday. The business’s 50 day simple moving average is $5.52 and its 200 day simple moving average is $5.37. Torrid Holdings Inc. has a 52-week low of $2.18 and a 52-week high of $9.14. The firm has a market cap of $608.23 million, a PE ratio of 38.87, a P/E/G ratio of 1.03 and a beta of 1.94.

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

Torrid Company 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.