Kayne Anderson Rudnick Investment Management LLC Invests $183,000 in Torrid Holdings Inc. (NYSE:CURV)

Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Torrid Holdings Inc. (NYSE:CURV) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $183,000.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in 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. Geode Capital Management LLC lifted its stake in Torrid by 11.4% during the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock worth $1,022,000 after purchasing an additional 26,703 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Torrid by 125.2% in the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock worth $82,000 after purchasing an additional 11,551 shares during the period. Rhumbline Advisers increased its stake in Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock valued at $90,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Bravias Capital Group LLC acquired a new stake in shares of Torrid during the fourth quarter worth $137,000. 81.82% of the stock is currently owned by institutional investors.

Torrid Trading Up 1.9 %

Shares of Torrid stock opened at $5.44 on Wednesday. Torrid Holdings Inc. has a 52 week low of $2.18 and a 52 week high of $9.14. The company’s 50-day moving average price is $5.57 and its two-hundred day moving average price is $5.06. The stock has a market cap of $570.81 million, a PE ratio of 36.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.96.

Torrid (NYSE:CURV) last issued its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $263.34 million. During the same period in the previous year, the firm posted ($0.04) EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts predict that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

CURV has been the subject of several research reports. Morgan Stanley lifted their price target on shares of Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, January 21st. The Goldman Sachs Group downgraded Torrid from a “neutral” rating to a “sell” rating and set a $4.00 target price for the company. in a research note on Tuesday. Finally, Telsey Advisory Group increased their price target on Torrid from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.75.

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.