FIGS, Inc. (NYSE:FIGS) Receives $4.94 Consensus PT from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have received an average rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.94.

A number of brokerages have issued reports on FIGS. 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 report on Tuesday, April 2nd. The Goldman Sachs Group lowered their price target on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of FIGS in a report on Friday, May 3rd. Oppenheimer lowered shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Finally, Barclays reduced their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st.

Insider Transactions at FIGS

In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction on 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 is accessible through this link. Corporate insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of FIGS by 321.5% during the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after buying an additional 2,345,994 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of FIGS during the 4th quarter valued at about $12,152,000. Bamco Inc. NY grew its stake in shares of FIGS by 6.2% in the third quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock worth $147,694,000 after acquiring an additional 1,470,706 shares during the period. Vanguard Group Inc. raised its holdings in shares of FIGS by 4.6% during the third quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company’s stock valued at $72,441,000 after purchasing an additional 538,251 shares during the last quarter. Finally, Applied Fundamental Research LLC boosted its holdings in FIGS by 25.8% in the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock worth $13,786,000 after purchasing an additional 511,794 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Stock Performance

Shares of FIGS opened at $5.16 on Monday. The firm has a market capitalization of $876.74 million, a P/E ratio of 45.46, a P/E/G ratio of 19.95 and a beta of 1.41. FIGS has a 52 week low of $4.37 and a 52 week high of $8.84. The stock has a 50 day moving average price of $5.03 and a two-hundred day moving average price of $5.96.

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

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.