Key Points
- CFO Paula Dempsey sold 42,785 shares of Torrid (CURV) on April 14 at an average price of $2.06 for about $88,137, cutting her stake by 15.8% to 227,923 shares, according to an SEC filing.
- Torrid beat the quarter's EPS estimate (reported loss of $0.08 vs. -$0.12) with $236.17M in revenue but remains unprofitable (negative net margin and ROE) and has a market cap of roughly $215M.
- Institutional investors own about 81.82% of the stock, while analysts carry a cautious view — consensus rating "Reduce" with a $1.44 target — indicating mixed-to-negative sentiment.
Torrid Holdings Inc. (NYSE:CURV - Get Free Report) CFO Paula Dempsey sold 42,785 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $2.06, for a total transaction of $88,137.10. Following the transaction, the chief financial officer directly owned 227,923 shares in the company, valued at approximately $469,521.38. This represents a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Torrid Stock Performance
CURV stock opened at $2.17 on Thursday. The firm has a market cap of $215.03 million, a P/E ratio of -36.08 and a beta of 1.05. The firm's fifty day moving average is $1.40 and its 200 day moving average is $1.31. Torrid Holdings Inc. has a 52 week low of $0.94 and a 52 week high of $6.69.
Torrid (NYSE:CURV - Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The business had revenue of $236.17 million during the quarter, compared to analysts' expectations of $231.11 million. Torrid had a negative net margin of 0.70% and a negative return on equity of 1.69%. As a group, analysts forecast that Torrid Holdings Inc. will post 0.14 EPS for the current year.
Institutional Investors Weigh In On Torrid
Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in shares of 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. BNP Paribas Financial Markets lifted its position in shares of Torrid by 985.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company's stock worth $42,000 after purchasing an additional 22,030 shares during the period. Abel Hall LLC purchased a new stake in shares of Torrid in the 4th quarter worth about $49,000. Jain Global LLC purchased a new stake in shares of Torrid in the 4th quarter worth about $55,000. Finally, Rhumbline Advisers lifted its position in shares of Torrid by 30.4% in the 3rd quarter. Rhumbline Advisers now owns 35,384 shares of the company's stock worth $62,000 after purchasing an additional 8,250 shares during the period. 81.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CURV. Telsey Advisory Group reissued a "market perform" rating and set a $2.00 price target on shares of Torrid in a research report on Monday, March 16th. Weiss Ratings reissued a "sell (d)" rating on shares of Torrid in a research report on Wednesday, January 21st. Finally, Zacks Research cut shares of Torrid from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus 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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