Torrid (NYSE:CURV) Insider Sells $30,187.02 in Stock

Key Points

• Ashlee Wheeler, an insider at Torrid, sold 16,959 shares of stock for a total of $30,187.02, resulting in a 13.63% decrease in their ownership.
• Torrid's latest earnings report revealed an EPS of $0.02, which was below analysts' expectations of $0.04, despite revenue of $262.81 million.
• Analysts have mixed views on Torrid, with Goldman Sachs setting a sell rating and a target price reduction from $2.25 to $1.75, while Bank of America maintained a buy rating but reduced its target from $7.00 to $6.00.

Torrid Holdings Inc. (NYSE:CURV - Get Free Report) insider Ashlee Wheeler sold 16,959 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $1.78, for a total value of $30,187.02. Following the completion of the transaction, the insider directly owned 107,443 shares of the company's stock, valued at $191,248.54. This trade represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Torrid Price Performance

CURV stock traded down $0.04 on Wednesday, reaching $1.87. The company's stock had a trading volume of 479,551 shares, compared to its average volume of 512,967. Torrid Holdings Inc. has a 52 week low of $1.62 and a 52 week high of $7.19. The company has a market capitalization of $184.95 million, a P/E ratio of 46.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.56. The firm has a fifty day moving average of $2.24 and a two-hundred day moving average of $4.03.

Torrid (NYSE:CURV - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.02 earnings per share (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 business had revenue of $262.81 million during the quarter, compared to the consensus estimate of $259.38 million. During the same period last year, the company earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CURV. The Goldman Sachs Group cut their price objective on Torrid from $2.25 to $1.75 and set a "sell" rating for the company in a research report on Monday, September 8th. Bank of America reduced their target price on Torrid from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, September 5th. BTIG Research restated a "neutral" rating on shares of Torrid in a report on Friday, September 5th. Telsey Advisory Group reduced their target price on Torrid from $6.00 to $3.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. Finally, Wall Street Zen lowered Torrid from a "hold" rating to a "sell" rating in a report on Monday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Torrid has an average rating of "Reduce" and an average target price of $3.09.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently added to or reduced their stakes in the company. State of Wyoming grew its position in Torrid by 17.3% during the second quarter. State of Wyoming now owns 44,628 shares of the company's stock worth $132,000 after buying an additional 6,580 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Torrid during the second quarter worth about $1,106,000. Shay Capital LLC lifted its stake in Torrid by 40.4% during the second quarter. Shay Capital LLC now owns 434,359 shares of the company's stock worth $1,281,000 after purchasing an additional 125,000 shares during the period. Fund 1 Investments LLC lifted its stake in Torrid by 12.4% during the second quarter. Fund 1 Investments LLC now owns 10,433,112 shares of the company's stock worth $30,778,000 after purchasing an additional 1,150,726 shares during the period. Finally, Bank of America Corp DE lifted its stake in Torrid by 191.1% during the second quarter. Bank of America Corp DE now owns 1,917,793 shares of the company's stock worth $5,657,000 after purchasing an additional 1,258,934 shares during the period. 81.82% of the stock is owned by institutional investors and hedge funds.

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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