Torrid (NYSE:CURV) Major Shareholder Fund 1 Investments, Llc Sells 25,000 Shares

Torrid Holdings Inc. (NYSE:CURV) major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $1.31, for a total transaction of $32,750.00. Following the completion of the transaction, the insider owned 9,904,856 shares in the company, valued at approximately $12,975,361.36. This trade represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Torrid Trading Up 2.2%

Shares of NYSE CURV opened at $1.16 on Friday. The company has a 50 day simple moving average of $1.37 and a two-hundred day simple moving average of $2.52. The stock has a market cap of $114.54 million, a price-to-earnings ratio of -115.50, a PEG ratio of 4.04 and a beta of 1.47. Torrid Holdings Inc. has a 12 month low of $1.08 and a 12 month high of $7.19.

Torrid (NYSE:CURV) last released its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The business had revenue of $235.15 million during the quarter, compared to analyst estimates of $239.90 million. Torrid had a negative return on equity of 1.69% and a negative net margin of 0.18%.During the same quarter in the previous year, the company earned ($0.01) EPS. Analysts forecast 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 research reports. William Blair lowered Torrid from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 23rd. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday, September 5th. Wall Street Zen downgraded Torrid from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research raised shares of Torrid from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $1.01 target price on shares of Torrid in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $1.44.

Hedge Funds Weigh In On Torrid

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in Torrid by 985.7% in the third quarter. BNP Paribas Financial Markets now owns 24,265 shares of the company’s stock valued at $42,000 after purchasing an additional 22,030 shares during the period. Rhumbline Advisers lifted its position in shares of Torrid by 30.4% during the 3rd quarter. Rhumbline Advisers now owns 35,384 shares of the company’s stock valued at $62,000 after buying an additional 8,250 shares in the last quarter. Deutsche Bank AG acquired a new stake in Torrid in the 1st quarter valued at $68,000. Royce & Associates LP grew its stake in Torrid by 161.4% in the 3rd quarter. Royce & Associates LP now owns 41,868 shares of the company’s stock valued at $73,000 after acquiring an additional 25,854 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Torrid in the 3rd quarter worth $87,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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.