Torrid Holdings Inc. (NYSE:CURV) CEO Lisa M. Harper Sells 74,713 Shares

Torrid Holdings Inc. (NYSE:CURV) CEO Lisa M. Harper sold 74,713 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.80, for a total transaction of $283,909.40. Following the transaction, the chief executive officer now directly owns 5,521,601 shares of the company’s stock, valued at $20,982,083.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Torrid Stock Performance

Shares of NYSE CURV opened at $4.31 on Friday. The firm’s 50 day moving average price is $7.03 and its 200-day moving average price is $6.10. Torrid Holdings Inc. has a 52-week low of $1.25 and a 52-week high of $9.14. The company has a market cap of $449.75 million, a PE ratio of 39.18 and a beta of 2.01.

Torrid (NYSE:CURV) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Torrid had a negative return on equity of 6.77% and a net margin of 1.21%. The business had revenue of $284.60 million for the quarter, compared to analysts’ expectations of $282.87 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Torrid Holdings Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CURV. William Blair upgraded Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 price objective on shares of Torrid in a report on Wednesday, September 4th. Finally, Morgan Stanley lowered shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Thursday, July 18th. 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. According to MarketBeat, Torrid presently has a consensus rating of “Hold” and an average price target of $6.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ritholtz Wealth Management raised its holdings in shares of Torrid by 161.0% during the second 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 during the last quarter. O Shaughnessy Asset Management LLC grew its position in Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after purchasing an additional 50,466 shares during the period. Fund 1 Investments LLC grew its position in Torrid by 493.6% in the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in Torrid during the 4th quarter valued at $93,000. 81.82% of the stock is owned by institutional investors.

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.