Torrid Holdings Inc. (NYSE:CURV – Get Free Report) insider Ashlee Wheeler sold 30,013 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $1.98, for a total transaction of $59,425.74. Following the sale, the insider directly owned 205,856 shares of the company’s stock, valued at approximately $407,594.88. This represents a 12.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Torrid Trading Down 1.2%
CURV stock traded down $0.03 on Tuesday, hitting $2.06. 605,016 shares of the company’s stock traded hands, compared to its average volume of 811,803. Torrid Holdings Inc. has a 1-year low of $0.94 and a 1-year high of $6.69. The stock has a market cap of $204.10 million, a price-to-earnings ratio of -34.24 and a beta of 1.05. The stock has a fifty day moving average of $1.36 and a 200-day moving average of $1.30.
Torrid (NYSE:CURV – Get Free Report) last released its earnings results on Thursday, March 19th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $231.11 million. On average, equities research analysts anticipate that Torrid Holdings Inc. will post 0.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Torrid
Institutional Investors Weigh In On Torrid
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CURV. Fund 1 Investments LLC raised its holdings in shares of Torrid by 0.9% during the 4th quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after purchasing an additional 90,000 shares in the last quarter. Nomura Holdings Inc. raised its holdings in shares of Torrid by 94.8% during the 3rd quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after purchasing an additional 3,034,083 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Torrid by 191.1% during the 2nd quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after purchasing an additional 1,258,934 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Torrid by 13.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock valued at $2,294,000 after purchasing an additional 153,973 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Torrid by 10.0% during the 3rd quarter. Citadel Advisors LLC now owns 874,608 shares of the company’s stock valued at $1,531,000 after purchasing an additional 79,357 shares in the last quarter. Hedge funds and other institutional investors 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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