Nomura Holdings Inc. Boosts Stock Holdings in Torrid Holdings Inc. $CURV

Key Points

• Nomura Holdings Inc. increased its stake in Torrid Holdings Inc. by 19.5%, owning approximately 3.12% of the company, valued at about $17.8 million.
• Institutional ownership of Torrid is significant, with 81.82% of the stock owned by hedge funds and other institutional investors, indicating strong confidence in the company.
• Torrid's stock price recently opened at $2.19, with a 52-week range between $2.08 and $7.25, highlighting potential volatility in its market performance.

Nomura Holdings Inc. grew its position in shares of Torrid Holdings Inc. (NYSE:CURV - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,254,537 shares of the company's stock after purchasing an additional 531,713 shares during the quarter. Nomura Holdings Inc. owned approximately 3.12% of Torrid worth $17,835,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Torrid in the 1st quarter worth $221,000. Deutsche Bank AG purchased a new stake in Torrid in the 1st quarter worth $68,000. Kapitalo Investimentos Ltda purchased a new stake in Torrid in the 1st quarter worth $95,000. Bank of New York Mellon Corp increased its holdings in Torrid by 19.3% in the 1st quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company's stock worth $221,000 after acquiring an additional 6,532 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Torrid by 27.1% in the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock worth $120,000 after acquiring an additional 4,673 shares in the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Torrid Stock Down 0.2%

Shares of CURV opened at $2.19 on Monday. Torrid Holdings Inc. has a 52-week low of $2.08 and a 52-week high of $7.25. The firm's fifty day moving average is $2.66 and its two-hundred day moving average is $4.52. The stock has a market cap of $229.47 million, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.56.

Torrid (NYSE:CURV - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. The company had revenue of $265.97 million for the quarter, compared to analysts' expectations of $270.95 million. Torrid has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. As a group, research analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CURV has been the subject of several recent analyst reports. Telsey Advisory Group cut their price target on shares of Torrid from $6.00 to $3.00 and set a "market perform" rating for the company in a report on Thursday. BTIG Research initiated coverage on shares of Torrid in a report on Thursday, June 12th. They issued a "neutral" rating for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.00.

Insiders Place Their Bets

In other news, CEO Lisa M. Harper sold 350,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $3.32, for a total transaction of $1,162,000.00. Following the transaction, the chief executive officer owned 5,266,453 shares of the company's stock, valued at approximately $17,484,623.96. The trade was a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Fund 1 Investments, Llc sold 250,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $2.74, for a total transaction of $685,000.00. Following the transaction, the insider directly owned 9,814,856 shares in the company, valued at approximately $26,892,705.44. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,538,741 shares of company stock valued at $54,611,499 in the last 90 days. 9.77% of the stock is owned by insiders.

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.

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