Torrid Holdings Inc. (NYSE:CURV) CEO Sells $1,162,000.00 in Stock

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) CEO Lisa M. Harper sold 350,000 shares of the business's stock in a transaction that occurred on 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. This represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Torrid Trading Up 2.9%

Shares of CURV stock traded up $0.08 on Thursday, hitting $2.84. 886,272 shares of the stock were exchanged, compared to its average volume of 455,720. The business has a 50-day moving average of $5.14 and a 200 day moving average of $5.50. 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 capitalization of $298.26 million, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.81 and a beta of 1.59.

Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.06 EPS for the quarter, topping 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 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Torrid

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in Torrid by 10.9% during the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock worth $90,000 after purchasing an additional 1,685 shares during the period. Corebridge Financial Inc. lifted its stake in shares of Torrid by 53.6% during the 4th quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock worth $53,000 after buying an additional 3,509 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 last quarter. Wells Fargo & Company MN boosted its holdings 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 worth $49,000 after buying an additional 5,678 shares during the period. Finally, Bank of New York Mellon Corp grew its stake 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 valued at $221,000 after buying an additional 6,532 shares during the last quarter. Institutional investors and hedge funds own 81.82% of the company's stock.

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.