Insider Selling: Torrid (NYSE:CURV) Insider Sells $59,425.74 in Stock

Torrid Holdings Inc. (NYSE:CURV) insider Ashlee Wheeler sold 30,013 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $1.98, for a total transaction of $59,425.74. Following the completion of the transaction, the insider directly owned 205,856 shares in the company, valued at approximately $407,594.88. The trade was a 12.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Torrid Trading Down 0.2%

CURV opened at $2.17 on Friday. The company has a market cap of $215.03 million, a price-to-earnings ratio of -36.08 and a beta of 1.05. The company’s 50 day moving average is $1.42 and its 200 day moving average is $1.31. Torrid Holdings Inc. has a 12-month low of $0.94 and a 12-month high of $6.69.

Torrid (NYSE:CURV) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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.

Analyst Ratings Changes

A number of research firms have commented on CURV. Weiss Ratings restated a “sell (d)” rating on shares of Torrid in a research note on Wednesday, January 21st. Zacks Research cut shares of Torrid from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Finally, 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. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Torrid currently has an average rating of “Reduce” and a consensus price target of $1.44.

Institutional Investors Weigh In On Torrid

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its position in shares of Torrid by 27.1% during the first quarter. Rhumbline Advisers now owns 21,886 shares of the company’s stock valued at $120,000 after buying an additional 4,673 shares during the last quarter. State of Wyoming raised its position in shares of Torrid by 17.3% during the second quarter. State of Wyoming now owns 44,628 shares of the company’s stock valued at $132,000 after buying an additional 6,580 shares during the last quarter. Creative Planning raised its position in shares of Torrid by 45.4% during the second quarter. Creative Planning now owns 37,291 shares of the company’s stock valued at $110,000 after buying an additional 11,641 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Torrid by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 37,834 shares of the company’s stock valued at $37,000 after buying an additional 11,962 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Torrid by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 585,351 shares of the company’s stock valued at $573,000 after buying an additional 14,905 shares during the last quarter. 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.