Charles Schwab Investment Management Inc. Acquires 6,968 Shares of Torrid Holdings Inc. (NYSE:CURV)

Charles Schwab Investment Management Inc. increased its holdings in Torrid Holdings Inc. (NYSE:CURV) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,941 shares of the company’s stock after buying an additional 6,968 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Torrid were worth $346,000 as of its most recent SEC filing.

Separately, Ritholtz Wealth Management boosted its holdings in shares of Torrid by 161.0% in the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after acquiring an additional 23,553 shares during the period. 81.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Torrid Trading Up 6.4 %

Shares of NYSE CURV opened at $4.66 on Friday. The stock’s 50-day moving average is $3.97 and its 200 day moving average is $5.62. The stock has a market cap of $488.17 million, a price-to-earnings ratio of 31.07, a P/E/G ratio of 1.20 and a beta of 2.01. Torrid Holdings Inc. has a 1-year low of $2.18 and a 1-year high of $9.14.

Torrid 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.