Police & Firemen s Retirement System of New Jersey Sells 5,748 Shares of FIGS, Inc. $FIGS

Police & Firemen s Retirement System of New Jersey lessened its stake in shares of FIGS, Inc. (NYSE:FIGS) by 21.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,514 shares of the company’s stock after selling 5,748 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in FIGS were worth $116,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in FIGS in the first quarter valued at $3,727,000. Woodline Partners LP bought a new position in shares of FIGS during the 1st quarter worth about $3,199,000. Ameriprise Financial Inc. grew its stake in shares of FIGS by 5.0% in the 1st quarter. Ameriprise Financial Inc. now owns 12,791,506 shares of the company’s stock valued at $58,713,000 after buying an additional 603,340 shares during the period. Nuveen LLC bought a new stake in FIGS in the 1st quarter valued at about $958,000. Finally, ProShare Advisors LLC raised its stake in FIGS by 28.6% during the 2nd quarter. ProShare Advisors LLC now owns 772,968 shares of the company’s stock worth $4,360,000 after buying an additional 172,027 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price objective (up previously from $7.00) on shares of FIGS in a research note on Monday, November 3rd. Morgan Stanley lifted their price target on shares of FIGS from $5.25 to $7.50 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group boosted their price target on shares of FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a research note on Friday, November 7th. BTIG Research raised their price objective on shares of FIGS from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.60.

FIGS Trading Up 0.6%

Shares of NYSE:FIGS opened at $9.79 on Friday. The stock has a market cap of $1.61 billion, a PE ratio of 97.90 and a beta of 1.34. The stock’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $6.70. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $10.24.

FIGS (NYSE:FIGS) last posted its 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 firm had revenue of $151.66 million during the quarter, compared to analyst estimates of $142.39 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The business’s revenue was up 8.2% compared to the same quarter last year. FIGS has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at FIGS

In other FIGS news, CFO Sarah Oughtred sold 22,745 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $7.39, for a total value of $168,085.55. Following the completion of the sale, the chief financial officer owned 845,345 shares in the company, valued at approximately $6,247,099.55. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather L. Hasson sold 23,356 shares of FIGS stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $172,600.84. Following the transaction, the insider directly owned 1,274,841 shares in the company, valued at approximately $9,421,074.99. This represents a 1.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 118,282 shares of company stock worth $842,076. Insiders own 29.44% of the company’s stock.

FIGS 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.