Healthcare of Ontario Pension Plan Trust Fund Purchases New Position in Torrid Holdings Inc. $CURV

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Torrid Holdings Inc. (NYSE:CURV) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,000,000 shares of the company’s stock, valued at approximately $3,560,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Torrid by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock worth $37,000 after purchasing an additional 11,962 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Torrid by 985.7% in the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after buying an additional 22,030 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Torrid during the 4th quarter valued at about $49,000. Jain Global LLC purchased a new stake in shares of Torrid during the 4th quarter valued at about $55,000. Finally, Rhumbline Advisers lifted its position in Torrid by 30.4% during the 3rd quarter. Rhumbline Advisers now owns 35,384 shares of the company’s stock worth $62,000 after acquiring an additional 8,250 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CURV. BTIG Research restated a “neutral” rating on shares of Torrid in a report on Friday, June 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Torrid from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research lowered shares of Torrid from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $1.80 price target on shares of Torrid in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Torrid has an average rating of “Reduce” and a consensus price target of $1.64.

Torrid Stock Down 5.3%

Shares of NYSE CURV opened at $2.60 on Friday. Torrid Holdings Inc. has a fifty-two week low of $0.94 and a fifty-two week high of $2.86. The business has a 50 day moving average price of $1.94 and a two-hundred day moving average price of $1.61. The firm has a market cap of $259.25 million, a PE ratio of -21.71 and a beta of 0.89.

Torrid (NYSE:CURV) last announced its earnings results on Thursday, June 4th. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.02. The business had revenue of $245.80 million during the quarter, compared to analyst estimates of $239.88 million. On average, analysts anticipate that Torrid Holdings Inc. will post -0.03 earnings per share for the current year.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.