1,903,074 Shares in Torrid Holdings Inc. $CURV Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Torrid Holdings Inc. (NYSE:CURV) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,903,074 shares of the company’s stock, valued at approximately $3,387,000.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Torrid by 27.1% in the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after acquiring an additional 4,673 shares in the last quarter. State of Wyoming raised its stake in Torrid by 17.3% in the 2nd quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after purchasing an additional 6,580 shares during the last quarter. 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 valued at $110,000 after purchasing an additional 11,641 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Torrid by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after purchasing an additional 11,962 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Torrid by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 585,351 shares of the company’s stock valued at $573,000 after purchasing an additional 14,905 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Insider Transactions at Torrid

In related news, 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 completion of the sale, the insider owned 205,856 shares of the company’s stock, valued at approximately $407,594.88. This represents a 12.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paula Dempsey sold 42,785 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $2.06, for a total transaction of $88,137.10. Following the completion of the sale, the chief financial officer directly owned 227,923 shares of the company’s stock, valued at $469,521.38. The trade was a 15.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CURV. 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. Wall Street Zen raised shares of Torrid from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research lowered shares of Torrid from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a research note on Friday, June 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Torrid currently has a consensus rating of “Reduce” and an average target price of $1.44.

Torrid Stock Up 0.9%

NYSE:CURV opened at $1.81 on Wednesday. The company has a market cap of $179.73 million, a P/E ratio of -15.05 and a beta of 0.93. Torrid Holdings Inc. has a fifty-two week low of $0.94 and a fifty-two week high of $3.10. The firm’s 50 day moving average is $1.70 and its two-hundred day moving average is $1.44.

Torrid (NYSE:CURV) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.02. The company had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $239.88 million. Research analysts forecast that Torrid Holdings Inc. will post -0.02 earnings per share for the current fiscal year.

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.