Verition Fund Management LLC Buys New Shares in Torrid Holdings Inc. (NYSE:CURV)

Verition Fund Management LLC purchased a new position in Torrid Holdings Inc. (NYSE:CURV) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 42,225 shares of the company’s stock, valued at approximately $166,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its stake in shares of Torrid by 87.3% during the 3rd quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after acquiring an additional 50,439 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Torrid by 161.0% in the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after purchasing an additional 23,553 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after purchasing an additional 6,968 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Telsey Advisory Group decreased their target price on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Bank of America assumed coverage on shares of Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 target price on the stock. The Goldman Sachs Group decreased their target price on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Finally, William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.20.

Torrid Stock Down 3.4 %

Shares of NYSE:CURV opened at $4.30 on Tuesday. Torrid Holdings Inc. has a 12-month low of $2.18 and a 12-month high of $9.14. The firm has a fifty day moving average of $3.90 and a two-hundred day moving average of $5.65. The firm has a market capitalization of $450.12 million, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 1.20 and a beta of 2.01.

Insiders Place Their Bets

In other Torrid news, insider Elizabeth Munoz sold 28,228 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total value of $107,266.40. Following the completion of the sale, the insider now owns 1,948,683 shares of the company’s stock, valued at $7,404,995.40. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa M. Harper sold 74,713 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.80, for a total value of $283,909.40. Following the transaction, the chief executive officer now directly owns 5,521,601 shares in the company, valued at approximately $20,982,083.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,195,383 shares of company stock valued at $4,542,455 in the last three months. Insiders own 9.77% 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, 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.