FIGS (NYSE:FIGS) Earns Market Perform Rating from Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a research note issued on Friday, Benzinga reports. They presently have a $6.00 price target on the stock. Telsey Advisory Group’s price target indicates a potential upside of 15.38% from the stock’s current price.

FIGS has been the topic of several other research reports. The Goldman Sachs Group reduced their target price on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Bank of America reissued an “underperform” rating and set a $4.50 price target (down from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Barclays cut their price objective on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Finally, Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.94.

FIGS Price Performance

Shares of FIGS stock opened at $5.20 on Friday. The stock has a market capitalization of $883.53 million, a PE ratio of 47.28, a P/E/G ratio of 19.95 and a beta of 1.41. The company’s fifty day simple moving average is $5.02 and its 200-day simple moving average is $5.95. FIGS has a 1-year low of $4.37 and a 1-year high of $8.84.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $144.90 million during 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 revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. As a group, research analysts anticipate that FIGS will post 0.05 EPS for the current year.

Insider Transactions at FIGS

In related news, insider Heather L. Hasson sold 28,614 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total value of $139,922.46. Following the completion of the transaction, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Heather L. Hasson sold 28,614 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total transaction of $139,922.46. Following the sale, the insider now directly owns 468,870 shares of the company’s stock, valued at $2,292,774.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniella Turenshine sold 15,762 shares of the company’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 transaction, the chief financial officer now owns 409,858 shares of the company’s stock, valued at $2,270,613.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,200 shares of company stock worth $237,349. Company insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIGS. Banque Cantonale Vaudoise increased its stake in shares of 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 acquiring an additional 2,000 shares during the last quarter. Swiss National Bank lifted 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 acquiring an additional 3,100 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after acquiring an additional 3,247 shares during the last quarter. Evoke Wealth LLC raised its position 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 purchasing an additional 8,395 shares during the period. Finally, Corton Capital Inc. increased its position in shares of FIGS by 76.1% during the 3rd quarter. Corton Capital Inc. now owns 22,130 shares of the company’s stock worth $131,000 after purchasing an additional 9,563 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.