Torrid (NYSE:CURV) CFO Sells $88,137.10 in Stock

Key Points

• CFO Paula Dempsey sold 42,785 shares at an average $2.06 for $88,137.10, trimming her stake by 15.8% to 227,923 shares (about $469,521), in a transaction disclosed to the SEC.
• Shares jumped about 5.6% to $2.17 on the day; Torrid has a market cap near $215 million, a negative PE, and a 12‑month trading range of $0.94–$6.69.
• Torrid beat the quarter on EPS (‑$0.08 vs. est. ‑$0.12) and revenue ($236.2M vs. $231.1M), but analyst sentiment is weak—consensus rating " Reduce " with a $1.44 target and more sell/hold than buy ratings.

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) CFO Paula Dempsey sold 42,785 shares of Torrid stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total transaction of $88,137.10. Following the transaction, the chief financial officer directly owned 227,923 shares in the company, valued at $469,521.38. This trade represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Torrid Stock Up 5.6%

Shares of CURV traded up $0.12 during trading on Wednesday, reaching $2.17. 511,422 shares of the company traded hands, compared to its average volume of 807,571. Torrid Holdings Inc. has a twelve month low of $0.94 and a twelve month high of $6.69. The stock has a market cap of $215.03 million, a PE ratio of -36.08 and a beta of 1.05. The stock has a 50-day simple moving average of $1.38 and a 200-day simple moving average of $1.30.

Torrid (NYSE:CURV - Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.04. Torrid had a negative net margin of 0.70% and a negative return on equity of 1.69%. The business had revenue of $236.17 million during the quarter, compared to analysts' expectations of $231.11 million. On average, equities research analysts predict that Torrid Holdings Inc. will post 0.14 EPS for the current year.

Analysts Set New Price Targets

CURV has been the subject of a number of recent analyst reports. Zacks Research cut shares of Torrid from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 17th. Weiss Ratings reiterated a "sell (d)" rating on shares of Torrid in a research report on Wednesday, January 21st. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Torrid in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $1.44.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in shares of Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company's stock valued at $120,000 after purchasing an additional 4,673 shares in the last quarter. Creative Planning grew its holdings in shares of Torrid by 45.4% in the second quarter. Creative Planning now owns 37,291 shares of the company's stock valued at $110,000 after purchasing an additional 11,641 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Torrid by 139.8% in the fourth quarter. Deutsche Bank AG now owns 92,484 shares of the company's stock valued at $91,000 after purchasing an additional 53,922 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Torrid in the third quarter valued at approximately $87,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Torrid by 324.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 76,610 shares of the company's stock valued at $75,000 after purchasing an additional 58,559 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company's stock.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women's fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company's product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.

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