Torrid (NYSE:CURV) Sees Unusually-High Trading Volume – Here’s What Happened

Torrid Holdings Inc. (NYSE:CURV) saw strong trading volume on Tuesday . 447,449 shares were traded during trading, an increase of 51% from the previous session’s volume of 297,141 shares.The stock last traded at $4.87 and had previously closed at $4.86.

Wall Street Analysts Forecast Growth

CURV has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. William Blair upgraded Torrid from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 17th. Telsey Advisory Group reduced their price objective on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Finally, Bank of America began coverage on shares of Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.20.

Torrid Stock Performance

The company has a fifty day moving average of $4.06 and a two-hundred day moving average of $5.56. The company has a market cap of $520.64 million, a PE ratio of 33.13, a price-to-earnings-growth ratio of 1.20 and a beta of 2.01.

Institutional Trading of Torrid

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Torrid by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after acquiring an additional 6,968 shares in the last quarter. Barclays PLC raised its position in Torrid by 354.5% during the 3rd quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after purchasing an additional 13,584 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Torrid by 161.0% in the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after buying an additional 23,553 shares during the period. Maven Securities LTD bought a new position in shares of Torrid during the 3rd quarter worth $98,000. Finally, Quadrature Capital Ltd bought a new position in shares of Torrid during the 3rd quarter worth $104,000. 81.82% of the stock is currently owned by institutional investors.

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.