Lisa M. Harper Sells 350,000 Shares of Torrid Holdings Inc. (NYSE:CURV) Stock

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) CEO Lisa M. Harper sold 350,000 shares of Torrid stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $3.32, for a total value of $1,162,000.00. Following the completion of the transaction, the chief executive officer owned 5,266,453 shares in the company, valued at $17,484,623.96. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Torrid Stock Down 5.8%

Shares of NYSE:CURV traded down $0.17 during trading on Tuesday, hitting $2.78. The stock had a trading volume of 1,248,589 shares, compared to its average volume of 450,275. Torrid Holdings Inc. has a 12-month low of $2.18 and a 12-month high of $9.14. The stock has a market capitalization of $291.96 million, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.94 and a beta of 1.60. The stock has a 50-day simple moving average of $5.20 and a two-hundred day simple moving average of $5.52.

Torrid (NYSE:CURV - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Torrid had a net margin of 0.92% and a negative return on equity of 5.31%. The company had revenue of $265.97 million during the quarter, compared to analyst estimates 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CURV. Rhumbline Advisers lifted its holdings in shares of Torrid by 10.9% in the 4th quarter. Rhumbline Advisers now owns 17,213 shares of the company's stock valued at $90,000 after buying an additional 1,685 shares during the period. Corebridge Financial Inc. grew its holdings in Torrid by 53.6% during the fourth quarter. Corebridge Financial Inc. now owns 10,052 shares of the company's stock worth $53,000 after acquiring an additional 3,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Torrid by 55.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock valued at $59,000 after acquiring an additional 4,013 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Torrid by 150.7% in the fourth 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 period. Finally, Bank of New York Mellon Corp lifted its holdings in Torrid by 19.3% in the first quarter. Bank of New York Mellon Corp now owns 40,335 shares of the company's stock valued at $221,000 after acquiring an additional 6,532 shares during the period. 81.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered Torrid from a "neutral" rating to a "sell" rating and set a $4.00 target price on the stock. in a research report on Tuesday, April 22nd. BTIG Research started coverage on Torrid in a research note on Thursday, June 12th. They set a "neutral" rating on the stock. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price objective on shares of Torrid in a research report on Monday, June 2nd. Two 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.