Hussman Strategic Advisors Inc. Invests $702,000 in FIGS, Inc. $FIGS

Hussman Strategic Advisors Inc. bought a new stake in FIGS, Inc. (NYSE:FIGS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 105,000 shares of the company’s stock, valued at approximately $702,000. Hussman Strategic Advisors Inc. owned about 0.06% of FIGS as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its holdings in FIGS by 943.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 261,232 shares of the company’s stock valued at $1,748,000 after buying an additional 236,195 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of FIGS by 49.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 24,425 shares of the company’s stock valued at $163,000 after acquiring an additional 8,122 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of FIGS by 120.7% during the 3rd quarter. SG Americas Securities LLC now owns 47,767 shares of the company’s stock valued at $320,000 after acquiring an additional 26,120 shares during the last quarter. CWM LLC grew its holdings in shares of FIGS by 1,137.4% in the third quarter. CWM LLC now owns 19,229 shares of the company’s stock valued at $129,000 after purchasing an additional 17,675 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in FIGS during the third quarter worth about $270,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Sarah Oughtred sold 10,515 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $11.50, for a total value of $120,922.50. Following the sale, the chief financial officer directly owned 834,830 shares in the company, valued at approximately $9,600,545. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Catherine Eva Spear sold 49,734 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total value of $565,972.92. Following the transaction, the chief executive officer directly owned 1,857,299 shares of the company’s stock, valued at $21,136,062.62. The trade was a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,350 shares of company stock worth $1,027,582 in the last ninety days. 29.44% of the stock is owned by corporate insiders.

FIGS Stock Down 1.4%

Shares of NYSE FIGS opened at $11.28 on Thursday. The business’s 50 day moving average is $11.34 and its two-hundred day moving average is $8.64. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $12.50. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 112.75 and a beta of 1.30.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. FIGS had a net margin of 3.03% and a return on equity of 4.50%. The business had revenue of $151.66 million for the quarter, compared to analysts’ expectations of $142.39 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts anticipate that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIGS. Barclays boosted their target price on shares of FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 target price (up previously from $7.00) on shares of FIGS in a research note on Monday, November 3rd. Zacks Research upgraded FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Wolfe Research upgraded FIGS to a “buy” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.70.

About FIGS

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.