Torrid Holdings Inc. (NYSE:CURV) Insider Sells $107,266.40 in Stock

Torrid Holdings Inc. (NYSE:CURV) 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 directly owns 1,948,683 shares of the company’s stock, valued at approximately $7,404,995.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Elizabeth Munoz also recently made the following trade(s):

• On Friday, September 13th, Elizabeth Munoz sold 188,189 shares of Torrid stock. The shares were sold at an average price of $3.80, for a total value of $715,118.20.

Torrid Price Performance

Shares of Torrid stock traded up $0.02 during midday trading on Thursday, hitting $4.31. The company had a trading volume of 422,963 shares, compared to its average volume of 193,118. Torrid Holdings Inc. has a 1-year low of $1.25 and a 1-year high of $9.14. The business’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $6.10. The stock has a market cap of $449.75 million, a PE ratio of 39.18 and a beta of 2.01.

Torrid (NYSE:CURV) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. The firm had revenue of $284.60 million during the quarter, compared to the consensus estimate of $282.87 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Torrid Holdings Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CURV shares. Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 price target on shares of Torrid in a report on Wednesday, September 4th. William Blair upgraded shares of Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley cut shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.45.

Institutional Investors Weigh In On Torrid

Institutional investors have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new position in Torrid in the 4th quarter valued at approximately $93,000. Fund 1 Investments LLC grew its holdings in shares of Torrid by 493.6% during the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Torrid by 145.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after purchasing an additional 50,466 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Torrid by 161.0% in the second 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 in the last quarter. 81.82% of the stock is owned by institutional investors and hedge funds.

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.