Paula Dempsey Sells 42,785 Shares of Torrid (NYSE:CURV) Stock

Torrid Holdings Inc. (NYSE:CURV) CFO Paula Dempsey sold 42,785 shares of the firm’s 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 sale, the chief financial officer owned 227,923 shares of the company’s stock, valued at approximately $469,521.38. This represents a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Torrid Stock Performance

NYSE CURV opened at $2.17 on Friday. The firm has a 50-day moving average of $1.42 and a 200-day moving average of $1.31. The stock has a market cap of $215.03 million, a PE ratio of -36.08 and a beta of 1.05. Torrid Holdings Inc. has a 52-week low of $0.94 and a 52-week high of $6.69.

Torrid (NYSE:CURV) last posted its earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $236.17 million during the quarter, compared to analysts’ expectations of $231.11 million. Torrid had a negative net margin of 0.70% and a negative return on equity of 1.69%. As a group, analysts predict that Torrid Holdings Inc. will post 0.14 EPS for the current fiscal year.

Institutional Trading of Torrid

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Torrid by 30.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,712 shares of the company’s stock worth $250,000 after purchasing an additional 33,300 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in Torrid in the 3rd quarter worth about $176,000. Bridgeway Capital Management LLC raised its stake in Torrid by 47.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company’s stock worth $153,000 after purchasing an additional 50,000 shares in the last quarter. Rhumbline Advisers raised its stake in Torrid by 27.1% in the 1st quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock worth $120,000 after purchasing an additional 4,673 shares in the last quarter. Finally, Creative Planning raised its stake in Torrid by 45.4% in the 2nd quarter. Creative Planning now owns 37,291 shares of the company’s stock worth $110,000 after purchasing an additional 11,641 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and set a $2.00 target price on shares of Torrid in a research note on Monday, March 16th. Zacks Research cut shares of Torrid from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus 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.