Nuveen LLC Buys New Shares in Torrid Holdings Inc. $CURV

Nuveen 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 (SEC). The fund bought 40,266 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Torrid by 150.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,447 shares of the company’s stock valued at $49,000 after buying an additional 5,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Torrid by 55.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,189 shares of the company’s stock valued at $59,000 after purchasing an additional 4,013 shares during the period. Deutsche Bank AG bought a new stake in Torrid during the first quarter valued at $68,000. Two Sigma Advisers LP bought a new stake in Torrid during the fourth quarter valued at $80,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Torrid during the 1st quarter worth about $95,000. Institutional investors own 81.82% of the company’s stock.

Insider Activity at Torrid

In other Torrid news, major shareholder Sycamore Partners Torrid, L.L. sold 15,680,908 shares of Torrid stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $3.32, for a total transaction of $52,060,614.56. Following the transaction, the insider owned 58,295,694 shares of the company’s stock, valued at $193,541,704.08. The trade was a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa M. Harper sold 350,000 shares of Torrid stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $3.32, for a total value of $1,162,000.00. Following the sale, the chief executive officer owned 5,266,453 shares of the company’s stock, valued at approximately $17,484,623.96. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,538,741 shares of company stock worth $54,611,499 in the last quarter. 5.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on CURV. Bank of America decreased their price objective on shares of Torrid from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday. Telsey Advisory Group dropped their price objective on shares of Torrid from $6.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. Wall Street Zen downgraded shares of Torrid from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.25.

Torrid Price Performance

NYSE CURV opened at $1.81 on Friday. The company has a 50-day moving average of $2.48 and a 200-day moving average of $4.39. The company has a market cap of $190.40 million, a P/E ratio of 45.34, a P/E/G ratio of 1.10 and a beta of 1.56. Torrid Holdings Inc. has a 12 month low of $1.76 and a 12 month high of $7.25.

Torrid (NYSE:CURV) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). Torrid had a negative return on equity of 1.72% and a net margin of 0.30%.The firm had revenue of $262.81 million for the quarter, compared to the consensus estimate of $259.38 million. During the same quarter last year, the business earned $0.08 earnings per share. Torrid has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Torrid Holdings Inc. will post 0.14 EPS for the current year.

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.