Torrid Holdings Inc. (NYSE:CURV) Major Shareholder Acquires $27,200.00 in Stock

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) major shareholder Fund 1 Investments, Llc purchased 8,500 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were bought at an average cost of $3.20 per share, with a total value of $27,200.00. Following the transaction, the insider directly owned 10,433,112 shares of the company's stock, valued at approximately $33,385,958.40. This represents a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Thursday, July 3rd, Fund 1 Investments, Llc sold 250,000 shares of Torrid stock. The stock was sold at an average price of $2.74, for a total transaction of $685,000.00.
• On Wednesday, July 2nd, Fund 1 Investments, Llc sold 257,833 shares of Torrid stock. The stock was sold at an average price of $2.73, for a total value of $703,884.09.

Torrid Price Performance

Shares of Torrid stock traded up $0.08 during trading on Friday, hitting $2.84. The stock had a trading volume of 886,272 shares, compared to its average volume of 455,720. The business has a fifty day moving average of $5.07 and a two-hundred day moving average of $5.49. Torrid Holdings Inc. has a fifty-two week low of $2.18 and a fifty-two week high of $9.14. The firm has a market cap of $298.26 million, a P/E ratio of 28.40, a PEG ratio of 1.81 and a beta of 1.59.

Torrid (NYSE:CURV - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $265.97 million during the quarter, compared to the consensus estimate of $270.95 million. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. As a group, research analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on CURV shares. The Goldman Sachs Group lowered shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 price target for the company. in a research report on Tuesday, April 22nd. Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price target on shares of Torrid in a research report on Monday, June 2nd. Finally, BTIG Research started coverage on Torrid in a report on Thursday, June 12th. They set a "neutral" rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Torrid has an average rating of "Hold" and an average price target of $4.75.

Institutional Trading of Torrid

A number of large investors have recently added to or reduced their stakes in CURV. Wells Fargo & Company MN lifted its position in shares of Torrid by 150.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,447 shares of the company's stock valued at $49,000 after acquiring an additional 5,678 shares during the last quarter. Corebridge Financial Inc. boosted its position in shares of Torrid by 53.6% in the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock valued at $53,000 after purchasing an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Torrid by 55.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after buying an additional 4,013 shares during the period. Deutsche Bank AG purchased a new stake in Torrid during the first quarter valued at about $68,000. Finally, Two Sigma Advisers LP purchased a new stake in Torrid during the fourth quarter valued at about $80,000. 81.82% of the stock is currently owned by institutional investors.

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.