Key Points
- Ashlee Wheeler sold 30,013 shares of Torrid on April 13 at an average price of $1.98 (total ~$59,426), cutting her stake by 12.72% to 205,856 shares, according to an SEC filing.
- Torrid (CURV) trades around $2.06 with a market cap of $204.1M and a negative P/E of -34.24; the company reported -$0.08 EPS last quarter and analysts have a consensus target of $1.44 with an average "Reduce" rating.
- Institutional investors own 81.82% of Torrid, and several funds recently increased or initiated positions (including Bridgeway, Fund 1 Investments and Wells Fargo).
Torrid Holdings Inc. (NYSE:CURV - Get Free Report) insider Ashlee Wheeler sold 30,013 shares of Torrid stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $1.98, for a total transaction of $59,425.74. Following the transaction, the insider owned 205,856 shares of the company's stock, valued at $407,594.88. The trade was a 12.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Torrid Stock Performance
CURV stock opened at $2.06 on Wednesday. The firm has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.30. Torrid Holdings Inc. has a 52-week low of $0.94 and a 52-week high of $6.69. The firm has a market capitalization of $204.10 million, a price-to-earnings ratio of -34.24 and a beta of 1.05.
Torrid (NYSE:CURV - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. Torrid had a negative net margin of 0.70% and a negative return on equity of 1.69%. The firm had revenue of $236.17 million during the quarter, compared to analyst estimates of $231.11 million. As a group, sell-side analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Torrid
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC increased its position in shares of Torrid by 47.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company's stock valued at $153,000 after acquiring an additional 50,000 shares in the last quarter. Fund 1 Investments LLC increased its position in shares of Torrid by 0.9% during the fourth quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company's stock valued at $9,691,000 after acquiring an additional 90,000 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Torrid during the fourth quarter valued at approximately $49,000. Jain Global LLC bought a new stake in Torrid in the 4th quarter worth approximately $55,000. Finally, Wells Fargo & Company MN grew its position in Torrid by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company's stock worth $37,000 after purchasing an additional 11,962 shares during the period. Institutional investors own 81.82% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on CURV shares. Zacks Research lowered shares of Torrid from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 17th. Weiss Ratings reiterated a "sell (d)" rating on shares of Torrid in a report on Wednesday, January 21st. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 target price on shares of Torrid in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $1.44.
View Our Latest Report on CURV
Torrid Company Profile
(
Get Free Report)
Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women's fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company's product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.
Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.
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