FIGS, Inc. (NYSE:FIGS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in FIGS, Inc. (NYSE:FIGS) by 94.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,779 shares of the company’s stock after acquiring an additional 28,067 shares during the period. SG Americas Securities LLC’s holdings in FIGS were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FIGS. Banque Cantonale Vaudoise raised its stake in shares of FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. Dakota Wealth Management acquired a new stake in FIGS in the second quarter valued at $57,000. Verus Capital Partners LLC acquired a new stake in FIGS in the second quarter valued at $79,000. Janney Montgomery Scott LLC raised its stake in FIGS by 23.6% in the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after buying an additional 3,247 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC acquired a new stake in FIGS in the first quarter valued at $95,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Stock Down 0.2 %

NYSE FIGS opened at $6.64 on Friday. FIGS, Inc. has a 52-week low of $4.30 and a 52-week high of $7.98. The business’s 50-day moving average price is $5.94 and its 200 day moving average price is $5.57. The firm has a market cap of $1.13 billion, a P/E ratio of 60.36, a P/E/G ratio of 83.73 and a beta of 1.43.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The company had revenue of $144.23 million for the quarter, compared to analyst estimates of $142.25 million. During the same quarter in the previous year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that FIGS, Inc. will post 0.03 earnings per share for the current year.

Insider Activity

In other news, insider Heather L. Hasson sold 40,149 shares of FIGS stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total transaction of $228,849.30. Following the completion of the sale, the insider now directly owns 425,710 shares in the company, valued at approximately $2,426,547. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 43,586 shares of company stock worth $249,902. Company insiders own 22.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FIGS shares. The Goldman Sachs Group raised their price target on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price objective on shares of FIGS in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.40.

FIGS Company Profile

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.