Boothbay Fund Management LLC bought a new stake in shares of Torrid Holdings Inc. (NYSE:CURV – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,000 shares of the company’s stock, valued at approximately $292,000. Boothbay Fund Management LLC owned about 0.07% of Torrid at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Torrid by 76.7% during the 1st quarter. JPMorgan Chase & Co. now owns 8,640 shares of the company’s stock worth $52,000 after purchasing an additional 3,750 shares during the last quarter. Bank of New York Mellon Corp increased its position in Torrid by 25.1% in the first quarter. Bank of New York Mellon Corp now owns 45,557 shares of the company’s stock worth $276,000 after buying an additional 9,146 shares during the last quarter. Citigroup Inc. raised its stake in shares of Torrid by 2,270.7% in the first quarter. Citigroup Inc. now owns 77,284 shares of the company’s stock valued at $469,000 after buying an additional 74,024 shares during the period. Rhumbline Advisers lifted its position in shares of Torrid by 64.7% during the 1st quarter. Rhumbline Advisers now owns 16,963 shares of the company’s stock valued at $103,000 after buying an additional 6,661 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Torrid by 15.8% during the 1st quarter. BlackRock Inc. now owns 885,970 shares of the company’s stock worth $5,369,000 after acquiring an additional 120,915 shares during the period. 83.87% of the stock is currently owned by institutional investors.
Torrid Trading Up 1.8 %
Shares of NYSE:CURV opened at $2.76 on Friday. The company has a 50 day moving average of $3.27 and a 200 day moving average of $4.21. The stock has a market cap of $286.10 million, a P/E ratio of 8.90, a P/E/G ratio of 1.18 and a beta of 0.84. Torrid Holdings Inc. has a 12 month low of $2.59 and a 12 month high of $8.54.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CURV. Telsey Advisory Group lowered their price objective on Torrid from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, December 9th. William Blair lowered shares of Torrid from an “outperform” rating to a “market perform” rating in a research report on Friday, December 9th. Jefferies Financial Group downgraded shares of Torrid from a “buy” rating to a “hold” rating and cut their price objective for the stock from $7.00 to $3.00 in a report on Wednesday, February 15th. Finally, The Goldman Sachs Group lowered their target price on shares of Torrid from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, December 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Torrid presently has an average rating of “Hold” and an average target price of $5.25.
Insiders Place Their Bets
In other Torrid news, Director Theo Killion purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was purchased at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the transaction, the director now owns 37,429 shares in the company, valued at approximately $105,549.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.58% of the company’s stock.
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 and Torrid Curve 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.
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