FIGS (NYSE:FIGS) PT Lowered to $4.25

FIGS (NYSE:FIGS) had its price target lowered by The Goldman Sachs Group from $4.85 to $4.25 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 11.83% from the stock’s current price.

FIGS has been the subject of a number of other research reports. Bank of America reissued an “underperform” rating and set a $4.50 target price (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Barclays dropped their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Telsey Advisory Group downgraded FIGS from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $11.00 to $6.00 in a report on Thursday, February 29th. Finally, Oppenheimer downgraded FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.75.

FIGS Trading Up 0.6 %

Shares of FIGS stock opened at $4.82 on Tuesday. The firm’s 50 day moving average is $5.23 and its 200 day moving average is $6.04. The firm has a market capitalization of $818.97 million, a PE ratio of 43.82, a price-to-earnings-growth ratio of 15.37 and a beta of 1.48. FIGS has a 1 year low of $4.37 and a 1 year high of $8.84.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The firm had revenue of $144.90 million for the quarter, compared to analyst estimates of $149.09 million. During the same period last year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts anticipate that FIGS will post 0.06 earnings per share for the current year.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 27,547 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total transaction of $163,353.71. Following the sale, the insider now directly owns 499,308 shares in the company, valued at $2,960,896.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Daniella Turenshine sold 15,762 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total transaction of $87,321.48. Following the completion of the transaction, the chief financial officer now owns 409,858 shares of the company’s stock, valued at $2,270,613.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather L. Hasson sold 27,547 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total transaction of $163,353.71. Following the completion of the sale, the insider now directly owns 499,308 shares in the company, valued at $2,960,896.44. The disclosure for this sale can be found here. Insiders have sold 49,334 shares of company stock valued at $285,986 in the last 90 days. 21.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FIGS

A number of institutional investors have recently made changes to their positions in FIGS. Wellington Management Group LLP grew its position in FIGS by 321.5% in the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock worth $21,377,000 after acquiring an additional 2,345,994 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of FIGS during the 4th quarter valued at about $12,152,000. Bamco Inc. NY raised its holdings in shares of FIGS by 6.2% during the 3rd quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock valued at $147,694,000 after buying an additional 1,470,706 shares in the last quarter. Vanguard Group Inc. lifted its position in FIGS by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company’s stock worth $72,441,000 after buying an additional 538,251 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in FIGS by 219.6% in the third quarter. Jump Financial LLC now owns 343,800 shares of the company’s stock worth $2,028,000 after buying an additional 236,243 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

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.