Ashlee Wheeler Sells 30,013 Shares of Torrid (NYSE:CURV) Stock

Key Points

• Insider sale: Ashlee Wheeler sold 30,013 shares of Torrid on April 13 at an average price of $1.98 for about $59,426, reducing her stake by 12.72% to 205,856 shares (roughly $407,595).
• Company performance: Torrid shares traded near $2.06 with a market cap of $204.1M; the firm beat quarterly estimates with EPS of -$0.08 and revenue of $236.17M but remains unprofitable with negative net margin and ROE.
• Market sentiment and ownership: Analysts have an average "Reduce" rating and $1.44 target (mixed ratings: 1 Buy, 3 Hold, 4 Sell, including recent downgrades), while institutions own about 81.82% of the stock and several funds recently increased positions.

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) insider Ashlee Wheeler sold 30,013 shares of the company's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $1.98, for a total transaction of $59,425.74. Following the completion of the sale, the insider owned 205,856 shares in the company, valued at approximately $407,594.88. This trade represents a 12.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Torrid Stock Performance

Shares of Torrid stock traded down $0.03 during trading on Tuesday, reaching $2.06. The company had a trading volume of 605,016 shares, compared to its average volume of 811,803. The company has a market cap of $204.10 million, a price-to-earnings ratio of -34.24 and a beta of 1.05. The firm's fifty day moving average is $1.36 and its 200-day moving average is $1.30. Torrid Holdings Inc. has a fifty-two week low of $0.94 and a fifty-two week high of $6.69.

Torrid (NYSE:CURV - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.04. Torrid had a negative net margin of 0.70% and a negative return on equity of 1.69%. The business had revenue of $236.17 million during the quarter, compared to the consensus estimate of $231.11 million. On average, research analysts anticipate that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock valued at $120,000 after acquiring an additional 4,673 shares in the last quarter. State of Wyoming boosted its holdings in shares of Torrid by 17.3% in the second quarter. State of Wyoming now owns 44,628 shares of the company's stock valued at $132,000 after acquiring an additional 6,580 shares in the last quarter. Creative Planning lifted its stake in Torrid by 45.4% during the second quarter. Creative Planning now owns 37,291 shares of the company's stock valued at $110,000 after purchasing an additional 11,641 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Torrid by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company's stock valued at $37,000 after purchasing an additional 11,962 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Torrid by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 585,351 shares of the company's stock valued at $573,000 after purchasing an additional 14,905 shares during the last quarter. 81.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CURV. Zacks Research downgraded shares of Torrid from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Torrid in a research report on Wednesday, January 21st. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $2.00 target price on shares of Torrid in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $1.44.

Torrid Company Profile

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women's fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company's product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.

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