Insider Selling: Torrid Holdings Inc. (NYSE:CURV) Major Shareholder Sells 257,833 Shares of Stock

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) major shareholder Fund 1 Investments, Llc sold 257,833 shares of Torrid stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $2.73, for a total transaction of $703,884.09. Following the transaction, the insider owned 10,064,856 shares in the company, valued at $27,477,056.88. This represents a 2.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases 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 shares were sold at an average price of $2.74, for a total value of $685,000.00.
• On Friday, June 27th, Fund 1 Investments, Llc purchased 8,500 shares of Torrid stock. The stock was acquired at an average price of $3.20 per share, with a total value of $27,200.00.

Torrid Stock Up 2.9%

Torrid stock traded up $0.08 during mid-day trading on Friday, reaching $2.84. 886,272 shares of the company's stock traded hands, compared to its average volume of 455,720. Torrid Holdings Inc. has a 12-month low of $2.18 and a 12-month high of $9.14. The stock has a 50 day moving average of $5.07 and a two-hundred day moving average of $5.49. The company has a market cap of $298.26 million, a price-to-earnings ratio of 28.40, a PEG ratio of 1.90 and a beta of 1.59.

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, beating 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 firm had revenue of $265.97 million for the quarter, compared to analysts' expectations of $270.95 million. As a group, sell-side analysts forecast that Torrid Holdings Inc. will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Torrid

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock worth $120,000 after buying an additional 4,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Torrid by 338.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company's stock worth $269,000 after acquiring an additional 37,850 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of Torrid by 19.5% during the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company's stock worth $17,835,000 after purchasing an additional 531,713 shares during the period. Nuveen LLC purchased a new position in shares of Torrid during the 1st quarter worth about $221,000. Finally, Deutsche Bank AG bought a new position in Torrid during the 1st quarter valued at about $68,000. Institutional investors own 81.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CURV shares. The Goldman Sachs Group lowered shares of Torrid from a "neutral" rating to a "sell" rating and set a $4.00 target price for the company. in a research report on Tuesday, April 22nd. BTIG Research began coverage on shares of Torrid in a report on Thursday, June 12th. They set a "neutral" rating for the company. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 target price on shares of Torrid in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.75.

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.