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 Torrid stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $2.74, for a total value of $685,000.00. Following the sale, the insider owned 9,814,856 shares in the company, valued at $26,892,705.44. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 bought 8,500 shares of Torrid stock. The shares were 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 midday trading on Friday, hitting $2.84. The company's stock had a trading volume of 886,272 shares, compared to its average volume of 457,259. Torrid Holdings Inc. has a 12 month low of $2.18 and a 12 month high of $9.14. The company has a market capitalization of $298.26 million, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.90 and a beta of 1.59. The stock's 50-day moving average price is $5.01 and its 200-day moving average price is $5.49.

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

Institutional Trading of Torrid

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. grew its stake in Torrid by 19.5% during the 1st quarter. Nomura Holdings Inc. now owns 3,254,537 shares of the company's stock valued at $17,835,000 after acquiring an additional 531,713 shares in the last quarter. Shay Capital LLC grew its position in Torrid by 140.2% during the fourth quarter. Shay Capital LLC now owns 478,880 shares of the company's stock valued at $2,505,000 after purchasing an additional 279,521 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Torrid by 103.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 437,535 shares of the company's stock valued at $2,288,000 after buying an additional 222,504 shares during the period. Bank of America Corp DE lifted its position in Torrid by 4,794.2% in the 4th quarter. Bank of America Corp DE now owns 423,597 shares of the company's stock worth $2,215,000 after buying an additional 414,942 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Torrid by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 347,808 shares of the company's stock valued at $1,819,000 after buying an additional 87,879 shares during the period. Institutional investors and hedge funds own 81.82% of the company's stock.

Analysts Set New Price Targets

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