Torrid Holdings Inc. (NYSE:CURV) Major Shareholder Sycamore Partners Torrid, L.L. Sells 1,092,442 Shares

Torrid Holdings Inc. (NYSE:CURV) major shareholder Sycamore Partners Torrid, L.L. sold 1,092,442 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.80, for a total value of $4,151,279.60. Following the completion of the sale, the insider now owns 73,976,602 shares of the company’s stock, valued at approximately $281,111,087.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Sycamore Partners Torrid, L.L. also recently made the following trade(s):

• On Friday, September 13th, Sycamore Partners Torrid, L.L. sold 7,282,942 shares of Torrid stock. The stock was sold at an average price of $3.80, for a total transaction of $27,675,179.60.

Torrid Trading Down 7.4 %

NYSE CURV traded down $0.32 during trading on Friday, hitting $3.99. The company had a trading volume of 592,358 shares, compared to its average volume of 195,311. The company’s fifty day moving average is $6.95 and its 200-day moving average is $6.09. Torrid Holdings Inc. has a one year low of $1.25 and a one year high of $9.14. The company has a market cap of $416.36 million, a price-to-earnings ratio of 36.27 and a beta of 2.01.

Torrid (NYSE:CURV) last announced its quarterly earnings results 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 net margin of 1.21% and a negative return on equity of 6.77%. The company had revenue of $284.60 million for the quarter, compared to analysts’ expectations of $282.87 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. Torrid’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Torrid Holdings Inc. will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new position in shares of Torrid in the 4th quarter worth about $93,000. Ritholtz Wealth Management grew its holdings in Torrid by 161.0% in 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. O Shaughnessy Asset Management LLC grew its holdings in Torrid by 145.5% in the first 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. Finally, Fund 1 Investments LLC increased its stake in shares of 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 purchasing an additional 166,841 shares in the last quarter. Institutional investors own 81.82% of the company’s stock.

Analyst Ratings Changes

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

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.