Torrid Holdings Inc. (NYSE:CURV) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC decreased its holdings in shares of Torrid Holdings Inc. (NYSE:CURV) by 22.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,097 shares of the company’s stock after selling 3,597 shares during the period. EntryPoint Capital LLC’s holdings in Torrid were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CURV. Corebridge Financial Inc. boosted its holdings in Torrid by 53.6% during the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company’s stock worth $53,000 after buying an additional 3,509 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Torrid during the 4th quarter worth $116,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Torrid by 15.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 101,722 shares of the company’s stock worth $532,000 after acquiring an additional 13,781 shares during the last quarter. Bravias Capital Group LLC acquired a new position in shares of Torrid in the 4th quarter worth $137,000. Finally, Rhumbline Advisers raised its position in shares of Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock worth $90,000 after purchasing an additional 1,685 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.

Torrid Stock Down 6.9 %

Torrid stock opened at $5.35 on Monday. Torrid Holdings Inc. has a 12 month low of $2.18 and a 12 month high of $9.14. The company’s fifty day simple moving average is $6.06 and its 200-day simple moving average is $4.91. The stock has a market cap of $559.93 million, a P/E ratio of 35.63, a P/E/G ratio of 1.03 and a beta of 1.99.

Torrid (NYSE:CURV) last issued its earnings results on Thursday, March 20th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $263.34 million. Torrid had a negative return on equity of 7.68% and a net margin of 1.35%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. On average, equities research analysts expect that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Telsey Advisory Group increased their price target on Torrid from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Friday, March 21st. Bank of America started coverage on shares of Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 target price for the company. Morgan Stanley boosted 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Torrid from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.00.

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, 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.