Torrid Holdings Inc. (NYSE:CURV) Insider Elizabeth Munoz Sells 28,228 Shares of Stock

Torrid Holdings Inc. (NYSE:CURV) insider Elizabeth Munoz sold 28,228 shares of Torrid stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.80, for a total transaction of $107,266.40. Following the transaction, the insider now directly owns 1,948,683 shares of the company’s stock, valued at $7,404,995.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Elizabeth Munoz also recently made the following trade(s):

• On Friday, September 13th, Elizabeth Munoz sold 188,189 shares of Torrid stock. The shares were sold at an average price of $3.80, for a total transaction of $715,118.20.

Torrid Price Performance

Shares of Torrid stock opened at $4.31 on Friday. The stock has a market capitalization of $449.75 million, a P/E ratio of 39.18 and a beta of 2.01. The business has a 50 day simple moving average of $7.03 and a two-hundred day simple moving average of $6.10. Torrid Holdings Inc. has a 12 month low of $1.25 and a 12 month high of $9.14.

Torrid (NYSE:CURV) last issued its earnings results on Wednesday, September 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $284.60 million during the quarter, compared to analysts’ expectations of $282.87 million. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, research analysts anticipate that Torrid Holdings Inc. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

CURV has been the subject of a number of analyst reports. Morgan Stanley cut Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Thursday, July 18th. William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price target on shares of Torrid in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.44.

Institutional Trading of Torrid

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fund 1 Investments LLC raised its holdings in Torrid by 493.6% in the 4th 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. Great Lakes Advisors LLC purchased a new position in Torrid during the 4th quarter valued at about $93,000. 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 valued at $416,000 after acquiring an additional 50,466 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares during the period. 81.82% of the stock is owned by institutional investors and hedge funds.

Torrid Company Profile

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.