FIGS, Inc. (NYSE:FIGS) Receives $5.38 Consensus PT from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have been given an average rating of “Hold” by the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.3750.

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on FIGS from $3.75 to $4.50 and gave the company a “sell” rating in a research report on Tuesday, July 22nd. Cowen reaffirmed a “hold” rating on shares of FIGS in a research note on Friday, August 8th. Wall Street Zen downgraded shares of FIGS from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target (up from $5.00) on shares of FIGS in a research report on Monday, August 4th. Finally, Morgan Stanley increased their price objective on shares of FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st.

Insider Buying and Selling

In other FIGS news, CFO Sarah Oughtred sold 99,834 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $6.19, for a total value of $617,972.46. Following the transaction, the chief financial officer directly owned 878,058 shares of the company’s stock, valued at $5,435,179.02. This represents a 10.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Catherine Eva Spear sold 65,866 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total transaction of $453,158.08. Following the completion of the sale, the chief executive officer directly owned 1,969,246 shares in the company, valued at $13,548,412.48. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 29.44% of the company’s stock.

Hedge Funds Weigh In On FIGS

A number of hedge funds have recently added to or reduced their stakes in FIGS. Bamco Inc. NY grew its position in shares of FIGS by 2.2% during the 2nd quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after buying an additional 1,302,823 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in FIGS by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after acquiring an additional 1,144,962 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of FIGS by 23.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock valued at $26,931,000 after purchasing an additional 827,149 shares during the last quarter. Security Benefit Life Insurance Co. KS bought a new position in shares of FIGS during the first quarter valued at approximately $6,962,000. Finally, Black Creek Investment Management Inc. increased its position in FIGS by 18.9% in the second quarter. Black Creek Investment Management Inc. now owns 1,418,691 shares of the company’s stock worth $8,001,000 after buying an additional 225,696 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Stock Down 3.0%

FIGS opened at $6.63 on Wednesday. The firm has a market cap of $1.08 billion, a P/E ratio of 165.67, a PEG ratio of 4.38 and a beta of 1.34. The business’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $5.30. FIGS has a 52 week low of $3.57 and a 52 week high of $7.31.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $152.64 million during the quarter, compared to the consensus estimate of $144.17 million. FIGS had a return on equity of 1.84% and a net margin of 1.26%.FIGS’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. As a group, equities analysts expect that FIGS will post 0.01 EPS for the current fiscal year.

About FIGS

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.