Torrid (NYSE:CURV) CFO Sells $45,760.00 in Stock

Key Points

• Torrid's CFO, Paula Dempsey, sold 26,000 shares of the company stock for a total of $45,760, which represents a 15.17% decrease in her ownership position.
• The stock price of Torrid (NYSE:CURV) is currently $1.87, down 1.8%, with a 12-month low of $1.62 and a high of $7.19.
• Torrid reported $0.02 EPS for its latest quarter, missing estimates, and has received mixed ratings from analysts, with recent price targets indicating a downward trend.

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) CFO Paula Dempsey sold 26,000 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $1.76, for a total transaction of $45,760.00. Following the completion of the sale, the chief financial officer directly owned 145,361 shares in the company, valued at approximately $255,835.36. This trade represents a 15.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Torrid Stock Down 1.8%

NYSE:CURV traded down $0.04 during mid-day trading on Wednesday, hitting $1.87. 479,551 shares of the stock traded hands, compared to its average volume of 512,967. Torrid Holdings Inc. has a 12-month low of $1.62 and a 12-month high of $7.19. The company has a market cap of $184.95 million, a PE ratio of 46.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.56. The business's 50-day moving average price is $2.24 and its 200 day moving average price is $4.03.

Torrid (NYSE:CURV - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Torrid had a negative return on equity of 1.69% and a net margin of 0.30%.The company had revenue of $262.81 million during the quarter, compared to analysts' expectations of $259.38 million. During the same period in the prior year, the firm earned $0.08 EPS. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Torrid

A number of large investors have recently made changes to their positions in CURV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company's stock worth $59,000 after purchasing an additional 4,013 shares in the last quarter. Deutsche Bank AG bought a new position in Torrid in the first quarter worth about $68,000. Two Sigma Advisers LP bought a new position in Torrid in the fourth quarter worth about $80,000. Kapitalo Investimentos Ltda bought a new position in Torrid in the first quarter worth about $95,000. Finally, Creative Planning grew its stake in shares of Torrid by 45.4% during the second quarter. Creative Planning now owns 37,291 shares of the company's stock worth $110,000 after acquiring an additional 11,641 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CURV has been the subject of a number of recent analyst reports. BTIG Research reiterated a "neutral" rating on shares of Torrid in a report on Friday, September 5th. Bank of America lowered their price target on shares of Torrid from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, September 5th. The Goldman Sachs Group lowered their price target on shares of Torrid from $2.25 to $1.75 and set a "sell" rating for the company in a report on Monday, September 8th. Wall Street Zen lowered shares of Torrid from a "hold" rating to a "sell" rating in a report on Monday. Finally, Morgan Stanley decreased their price objective on shares of Torrid from $2.00 to $1.60 and set an "underweight" rating for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Torrid has an average rating of "Reduce" and an average price target of $3.09.

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.

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