SG Americas Securities LLC Makes New Investment in Torrid Holdings Inc. $CURV

SG Americas Securities LLC bought a new position in Torrid Holdings Inc. (NYSE:CURV) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,903,074 shares of the company’s stock, valued at approximately $3,387,000. SG Americas Securities LLC owned 1.92% of Torrid as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bridgeway Capital Management LLC increased its stake in shares of Torrid by 47.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company’s stock worth $153,000 after acquiring an additional 50,000 shares during the period. Fund 1 Investments LLC lifted its position in Torrid by 0.9% in the fourth quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after purchasing an additional 90,000 shares during the period. Abel Hall LLC acquired a new stake in Torrid in the fourth quarter valued at about $49,000. Jain Global LLC purchased a new stake in Torrid in the 4th quarter valued at approximately $55,000. Finally, Wells Fargo & Company MN boosted 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. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Torrid Trading Up 0.9%

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

Torrid (NYSE:CURV) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.02. The company had revenue of $245.80 million for the quarter, compared to analyst estimates of $239.88 million. Analysts predict that Torrid Holdings Inc. will post -0.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CURV shares. Zacks Research downgraded Torrid from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Wall Street Zen upgraded Torrid from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a report on Friday, June 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price objective on shares of Torrid in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Torrid in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $1.44.

Insider Buying and Selling at Torrid

In other Torrid news, CFO Paula Dempsey sold 42,785 shares of the business’s 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 sale, the chief financial officer directly owned 227,923 shares in the company, valued at approximately $469,521.38. The trade was a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashlee Wheeler sold 30,013 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $1.98, for a total value of $59,425.74. Following the completion of the sale, the insider directly owned 205,856 shares in the company, valued at $407,594.88. This trade represents a 12.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 9.77% 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.