Insider Selling: Torrid (NYSE:CURV) CFO Sells 42,785 Shares of Stock

Torrid Holdings Inc. (NYSE:CURV) CFO Paula Dempsey sold 42,785 shares of Torrid stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $2.06, for a total transaction of $88,137.10. Following the completion of the transaction, the chief financial officer owned 227,923 shares of the company’s stock, valued at $469,521.38. This trade represents a 15.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Torrid Price Performance

Shares of CURV stock traded up $0.12 during trading on Wednesday, reaching $2.17. The company’s stock had a trading volume of 511,422 shares, compared to its average volume of 807,571. The company has a market capitalization of $215.03 million, a price-to-earnings ratio of -36.08 and a beta of 1.05. The stock’s 50-day moving average price is $1.38 and its 200 day moving average price is $1.30. Torrid Holdings Inc. has a 1-year low of $0.94 and a 1-year high of $6.69.

Torrid (NYSE:CURV) last announced its quarterly earnings data 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 firm had revenue of $236.17 million during the quarter, compared to analysts’ expectations of $231.11 million. On average, sell-side analysts anticipate that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Torrid by 338.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,039 shares of the company’s stock valued at $269,000 after buying an additional 37,850 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Torrid by 27.1% in the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Torrid by 15.1% in the 2nd quarter. Geode Capital Management LLC now owns 413,370 shares of the company’s stock valued at $1,220,000 after buying an additional 54,199 shares in the last quarter. Creative Planning boosted its holdings in shares of Torrid by 45.4% in the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after buying an additional 11,641 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Torrid in the 2nd quarter valued at $346,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analysts Set New Price Targets

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

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.