Sherbrooke Park Advisers LLC Has $286,000 Stock Position in Torrid Holdings Inc. (NYSE:CURV)

Sherbrooke Park Advisers LLC decreased its stake in shares of Torrid Holdings Inc. (NYSE:CURV) by 47.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,627 shares of the company’s stock after selling 49,246 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Torrid were worth $286,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of Torrid by 10.9% during the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock worth $90,000 after acquiring an additional 1,685 shares during the last quarter. Corebridge Financial Inc. increased its holdings in shares of Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock worth $53,000 after acquiring an additional 3,509 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock worth $59,000 after acquiring an additional 4,013 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Torrid by 150.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock worth $49,000 after acquiring an additional 5,678 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Torrid by 125.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock worth $82,000 after acquiring an additional 11,551 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analyst Ratings Changes

CURV has been the topic of a number of recent analyst reports. Telsey Advisory Group boosted their target price on Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a report on Friday, March 21st. The Goldman Sachs Group lowered Torrid from a “neutral” rating to a “sell” rating and set a $4.00 target price on the stock. in a report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price target on Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.75.

Torrid Price Performance

CURV opened at $5.83 on Tuesday. The business has a fifty day simple moving average of $5.52 and a 200 day simple moving average of $5.37. The company has a market capitalization of $608.23 million, a PE ratio of 38.87, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. Torrid Holdings Inc. has a 1 year low of $2.18 and a 1 year high of $9.14.

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