FIGS (NYSE:FIGS) Trading Down 3.9%

FIGS, Inc. (NYSE:FIGS)’s share price traded down 3.9% on Monday . The stock traded as low as $5.66 and last traded at $5.67. 253,024 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 3,749,661 shares. The stock had previously closed at $5.90.

Analyst Ratings Changes

Several brokerages have weighed in on FIGS. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price target on shares of FIGS in a research report on Monday, August 5th. Roth Mkm decreased their price objective on shares of FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, The Goldman Sachs Group lifted their target price on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.40.

FIGS Price Performance

The firm has a market cap of $961.79 million, a PE ratio of 51.18, a price-to-earnings-growth ratio of 86.00 and a beta of 1.42. The firm has a 50-day simple moving average of $5.59 and a 200 day simple moving average of $5.42.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The business 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 firm posted $0.02 earnings per share. FIGS’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that FIGS, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 40,149 shares of FIGS stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the completion of the transaction, the insider now owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 44,638 shares of company stock valued at $252,720. 22.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FIGS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise increased its holdings in FIGS by 50.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in FIGS by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock valued at $270,000 after buying an additional 2,879 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of FIGS by 23.6% during the 1st 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 during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of FIGS by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after buying an additional 4,038 shares during the last quarter. Finally, Tandem Capital Management Corp ADV increased its position in FIGS by 3.3% during the second quarter. Tandem Capital Management Corp ADV now owns 133,330 shares of the company’s stock valued at $725,000 after acquiring an additional 4,200 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

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.