Torrid Holdings Inc. (NYSE:CURV – Get Free Report) CEO Lisa M. Harper sold 74,713 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total value of $283,909.40. Following the sale, the chief executive officer now owns 5,521,601 shares in the company, valued at approximately $20,982,083.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Torrid Stock Down 7.4 %
Shares of CURV opened at $3.99 on Friday. The company has a market capitalization of $416.36 million, a price-to-earnings ratio of 36.27 and a beta of 2.01. Torrid Holdings Inc. has a 52-week low of $1.25 and a 52-week high of $9.14. The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $6.08.
Torrid (NYSE:CURV – Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. The business had revenue of $284.60 million during the quarter, compared to analysts’ expectations of $282.87 million. During the same quarter in the prior year, the business posted $0.06 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Torrid Holdings Inc. will post 0.19 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Report on Torrid
Hedge Funds Weigh In On Torrid
Hedge funds have recently made changes to their positions in the company. Great Lakes Advisors LLC acquired a new stake in shares of Torrid in the 4th quarter valued at about $93,000. Fund 1 Investments LLC lifted its stake in Torrid by 493.6% in the fourth quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock valued at $1,158,000 after buying an additional 166,841 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Torrid by 145.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock valued at $416,000 after acquiring an additional 50,466 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after acquiring an additional 23,553 shares during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.
About Torrid
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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