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

Torrid Holdings Inc. (NYSE:CURV) insider Elizabeth Munoz sold 188,189 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.80, for a total transaction of $715,118.20. Following the transaction, the insider now owns 1,976,911 shares of the company’s stock, valued at $7,512,261.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Torrid Price Performance

CURV traded up $0.10 during trading hours on Friday, reaching $4.01. The company’s stock had a trading volume of 1,736,303 shares, compared to its average volume of 169,520. The business’s 50-day moving average is $7.23 and its 200-day moving average is $6.11. The stock has a market cap of $419.77 million, a PE ratio of 36.46 and a beta of 2.01. Torrid Holdings Inc. has a fifty-two week low of $1.23 and a fifty-two week high of $9.14.

Torrid (NYSE:CURV) last posted 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 company had revenue of $284.60 million for 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%. Torrid’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Analysts expect that Torrid Holdings Inc. will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Torrid

Several hedge funds have recently bought and sold shares of the company. Great Lakes Advisors LLC purchased a new stake in Torrid during the 4th quarter worth approximately $93,000. Ritholtz Wealth Management grew its stake in Torrid by 161.0% during 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. O Shaughnessy Asset Management LLC increased its holdings in Torrid by 145.5% during 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. Finally, Fund 1 Investments LLC grew its position 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 worth $1,158,000 after buying an additional 166,841 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CURV shares. 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 target price on shares of Torrid in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.45.

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.