Torrid Holdings Inc. (NYSE:CURV) Major Shareholder Sells $4,151,279.60 in Stock

Torrid Holdings Inc. (NYSE:CURV) major shareholder Sycamore Partners Torrid, L.L. sold 1,092,442 shares of Torrid stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.80, for a total transaction of $4,151,279.60. Following the sale, the insider now owns 73,976,602 shares of the company’s stock, valued at approximately $281,111,087.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sycamore Partners Torrid, L.L. also recently made the following trade(s):

• On Friday, September 13th, Sycamore Partners Torrid, L.L. sold 7,282,942 shares of Torrid stock. The stock was sold at an average price of $3.80, for a total value of $27,675,179.60.

Torrid Price Performance

Shares of CURV stock opened at $3.99 on Monday. The stock’s fifty day moving average price is $6.85 and its 200 day moving average price is $6.09. Torrid Holdings Inc. has a 1-year low of $1.25 and a 1-year high of $9.14. The company has a market cap of $416.36 million, a price-to-earnings ratio of 36.27 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, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $284.60 million for the quarter, compared to analyst estimates of $282.87 million. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, equities research analysts anticipate that Torrid Holdings Inc. will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Great Lakes Advisors LLC purchased a new position in shares of Torrid in the fourth quarter worth about $93,000. Ritholtz Wealth Management lifted its stake in Torrid by 161.0% during the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after acquiring an additional 23,553 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after acquiring an additional 50,466 shares during the last quarter. Finally, Fund 1 Investments LLC increased its stake in shares of Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after acquiring an additional 166,841 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CURV. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price target on shares of Torrid in a research report on Wednesday, September 4th. Morgan Stanley lowered Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a research report on Thursday, July 18th. Finally, William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.44.

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.