FIGS (NYSE:FIGS) Shares Gap Down to $4.85

FIGS, Inc. (NYSE:FIGSGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.85, but opened at $4.51. FIGS shares last traded at $4.57, with a volume of 610,173 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Bank of America reissued an “underperform” rating and issued a $4.50 price objective (down from $8.50) on shares of FIGS in a research note on Tuesday. Telsey Advisory Group downgraded FIGS from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $11.00 to $6.00 in a research report on Thursday, February 29th. Oppenheimer downgraded FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Finally, The Goldman Sachs Group decreased their price objective on FIGS from $6.75 to $4.85 and set a “sell” rating on the stock in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, FIGS currently has a consensus rating of “Hold” and a consensus price target of $5.87.

Read Our Latest Stock Report on FIGS

FIGS Trading Down 0.4 %

The company has a 50 day moving average of $5.57 and a 200 day moving average of $6.14. The firm has a market cap of $759.50 million, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48.

FIGS (NYSE:FIGSGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $144.90 million for the quarter, compared to analyst estimates of $149.09 million. FIGS had a return on equity of 6.72% and a net margin of 4.15%. FIGS’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS. As a group, sell-side analysts anticipate that FIGS, Inc. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $163,353.71. Following the completion of the sale, the insider now owns 499,308 shares in the company, valued at $2,960,896.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Daniella Turenshine sold 4,201 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $6.08, for a total value of $25,542.08. Following the completion of the sale, the chief financial officer now owns 429,821 shares in the company, valued at $2,613,311.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather L. Hasson sold 27,547 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total value of $163,353.71. Following the completion of the sale, the insider now owns 499,308 shares of the company’s stock, valued at approximately $2,960,896.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,535 shares of company stock valued at $311,528. 21.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FIGS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in FIGS by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,390,645 shares of the company’s stock valued at $86,115,000 after acquiring an additional 112,575 shares during the period. Wellington Management Group LLP grew its stake in FIGS by 321.5% in the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after acquiring an additional 2,345,994 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of FIGS by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,103 shares of the company’s stock worth $412,000 after buying an additional 3,560 shares during the period. GSA Capital Partners LLP acquired a new position in shares of FIGS during the fourth quarter worth about $147,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of FIGS during the fourth quarter worth about $168,000. Institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

(Get Free Report)

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.

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