Fund 1 Investments, Llc Sells 250,000 Shares of Torrid Holdings Inc. (NYSE:CURV) Stock

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) major shareholder Fund 1 Investments, Llc sold 250,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $2.74, for a total transaction of $685,000.00. Following the completion of the transaction, the insider directly owned 9,814,856 shares of the company's stock, valued at $26,892,705.44. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% 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 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 transaction of $703,884.09.
• On Friday, June 27th, Fund 1 Investments, Llc acquired 8,500 shares of Torrid stock. The stock was acquired at an average cost of $3.20 per share, with a total value of $27,200.00.

Torrid Price Performance

NYSE CURV traded up $0.08 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's fifty day moving average price is $5.01 and its 200 day moving average price is $5.48. Torrid Holdings Inc. has a 52-week low of $2.18 and a 52-week high of $9.14. The stock has a market cap of $298.26 million, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.59.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly 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 business had revenue of $265.97 million for the quarter, compared to analyst estimates of $270.95 million. As a group, sell-side analysts anticipate that Torrid Holdings Inc. will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Torrid

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

Wall Street Analyst Weigh In

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