Torrid Holdings Inc. (NYSE:CURV – Get Free Report) major shareholder Sycamore Partners Torrid, L.L. sold 7,282,942 shares of Torrid stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.80, for a total value of $27,675,179.60. Following the completion of the sale, the insider now owns 75,069,044 shares of the company’s stock, valued at $285,262,367.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Torrid Stock Performance
CURV stock opened at $4.01 on Monday. Torrid Holdings Inc. has a one year low of $1.23 and a one year high of $9.14. The firm has a market cap of $418.44 million, a price-to-earnings ratio of 36.45 and a beta of 2.01. The firm has a 50-day simple moving average of $7.23 and a two-hundred day simple moving average of $6.13.
Torrid (NYSE:CURV – Get Free Report) last announced its earnings results on Wednesday, September 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $284.60 million during the quarter, compared to the consensus estimate of $282.87 million. Torrid had a net margin of 1.21% and a negative return on equity of 6.77%. Torrid’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. As a group, equities analysts predict that Torrid Holdings Inc. will post 0.19 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of research analysts have commented on the stock. Morgan Stanley downgraded shares of Torrid from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Thursday, July 18th. Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price objective on shares of Torrid in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.45.
Read Our Latest Stock Analysis on CURV
Torrid Company Profile
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.
Featured Stories
- Five stocks we like better than Torrid
- Find and Profitably Trade Stocks at 52-Week Lows
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- EV Stocks and How to Profit from Them
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- What is a SEC Filing?
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Torrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torrid and related companies with MarketBeat.com's FREE daily email newsletter.