Torrid Holdings Inc. (NYSE:CURV) Insider Elizabeth Munoz Sells 188,189 Shares

Torrid Holdings Inc. (NYSE:CURV) insider Elizabeth Munoz sold 188,189 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $715,118.20. Following the completion of the sale, the insider now directly owns 1,976,911 shares in the company, valued at approximately $7,512,261.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Torrid Price Performance

Shares of NYSE CURV opened at $4.01 on Friday. Torrid Holdings Inc. has a one year low of $1.23 and a one year high of $9.14. The firm’s 50 day simple moving average is $7.23 and its two-hundred day simple moving average is $6.11. The stock has a market capitalization of $419.77 million, a P/E ratio of 36.46 and a beta of 2.01.

Torrid (NYSE:CURV) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Torrid’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. As a group, equities analysts expect that Torrid Holdings Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CURV shares. Morgan Stanley cut shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research report on Thursday, July 18th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price objective on shares of Torrid in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Fund 1 Investments LLC boosted its stake 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 valued at $1,158,000 after purchasing an additional 166,841 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in 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 buying an additional 50,466 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Torrid by 161.0% in the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Torrid during the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.