Lisa M. Harper Sells 498,087 Shares of Torrid Holdings Inc. (NYSE:CURV) Stock

Torrid Holdings Inc. (NYSE:CURV) CEO Lisa M. Harper sold 498,087 shares of Torrid stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total value of $1,892,730.60. Following the completion of the sale, the chief executive officer now directly owns 5,596,314 shares of the company’s stock, valued at approximately $21,265,993.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Torrid Trading Up 2.6 %

NYSE:CURV opened at $4.01 on Friday. The business’s 50-day moving average is $7.23 and its 200 day moving average is $6.12. Torrid Holdings Inc. has a 12 month low of $1.23 and a 12 month high of $9.14. The company 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 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 analyst estimates of $282.87 million. During the same period last year, the firm posted $0.06 earnings per share. Torrid’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Torrid Holdings Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CURV shares. Morgan Stanley lowered Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note 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 research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.45.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Great Lakes Advisors LLC purchased a new position in Torrid in the 4th quarter worth about $93,000. Ritholtz Wealth Management raised its holdings in shares of Torrid by 161.0% in the 2nd 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. O Shaughnessy Asset Management LLC boosted its stake 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 in the last quarter. Finally, Fund 1 Investments LLC increased its holdings in Torrid by 493.6% during the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after buying an additional 166,841 shares during the period. 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.