FIGS (NYSE:FIGS) PT Lowered to $4.25

FIGS (NYSE:FIGS) had its price target reduced by The Goldman Sachs Group from $4.85 to $4.25 in a research note published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

FIGS has been the subject of several other reports. Telsey Advisory Group downgraded shares of FIGS from an outperform rating to a market perform rating and lowered their target price for the company from $11.00 to $6.00 in a research note on Thursday, February 29th. Barclays lowered their target price on shares of FIGS from $7.00 to $5.00 and set an equal weight rating for the company in a research note on Friday, March 1st. Oppenheimer downgraded shares of FIGS from an outperform rating to a market perform rating in a research note on Friday, March 8th. Finally, Bank of America reiterated an underperform rating and set a $4.50 price objective (down from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $5.75.

FIGS Stock Up 2.4 %

Shares of FIGS opened at $4.93 on Tuesday. The company has a market cap of $836.81 million, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 15.56 and a beta of 1.48. FIGS has a twelve month low of $4.37 and a twelve month high of $8.84. The company has a 50 day moving average of $5.17 and a two-hundred day moving average of $6.02.

FIGS (NYSE:FIGS) last announced its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $144.90 million during the quarter, compared to the consensus estimate of $149.09 million. FIGS had a net margin of 4.15% and a return on equity of 6.72%. FIGS’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. On average, sell-side analysts expect that FIGS will post 0.06 EPS for the current year.

Insider Activity at FIGS

In related news, CFO Daniella Turenshine sold 4,201 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $6.00, for a total transaction of $25,206.00. Following the completion of the transaction, the chief financial officer now directly owns 425,620 shares in the company, valued at $2,553,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Heather L. Hasson sold 27,547 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total transaction of $163,353.71. Following the completion of the transaction, the insider now directly owns 499,308 shares in the company, valued at $2,960,896.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniella Turenshine sold 4,201 shares of FIGS stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $6.00, for a total transaction of $25,206.00. Following the completion of the transaction, the chief financial officer now directly owns 425,620 shares of the company’s stock, valued at approximately $2,553,720. The disclosure for this sale can be found here. Insiders sold 49,334 shares of company stock worth $285,986 over the last three months. Company insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its holdings in FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after buying an additional 2,000 shares in the last quarter. Swiss National Bank increased its holdings in FIGS by 1.1% in the third quarter. Swiss National Bank now owns 280,700 shares of the company’s stock valued at $1,656,000 after buying an additional 3,100 shares in the last quarter. Evoke Wealth LLC increased its holdings in FIGS by 77.8% in the fourth quarter. Evoke Wealth LLC now owns 19,191 shares of the company’s stock valued at $133,000 after buying an additional 8,395 shares in the last quarter. Corton Capital Inc. increased its holdings in FIGS by 76.1% in the third quarter. Corton Capital Inc. now owns 22,130 shares of the company’s stock valued at $131,000 after buying an additional 9,563 shares in the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in FIGS in the fourth quarter valued at $75,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.