FIGS, Inc. (NYSE:FIGS) Receives $5.30 Consensus Target Price from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned an average recommendation of “Reduce” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.30.

A number of brokerages have recently weighed in on FIGS. Roth Mkm dropped their price objective on shares of FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group decreased their price objective on FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of FIGS in a research note on Thursday, June 13th. Finally, Bank of America reaffirmed an “underperform” rating and set a $4.50 price target (down from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 28,614 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total transaction of $139,922.46. Following the transaction, the insider now directly owns 468,870 shares in the company, valued at approximately $2,292,774.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 32,649 shares of company stock worth $161,206 in the last 90 days. 22.30% of the stock is owned by company insiders.

Institutional Trading of FIGS

A number of institutional investors and hedge funds have recently made changes to their positions in FIGS. Banque Cantonale Vaudoise raised its holdings 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 purchasing an additional 2,000 shares during the period. Dakota Wealth Management purchased a new position in FIGS in the second quarter valued at approximately $57,000. Octavia Wealth Advisors LLC acquired a new position in FIGS during the fourth quarter valued at approximately $75,000. International Assets Investment Management LLC purchased a new stake in FIGS during the fourth quarter worth approximately $76,000. Finally, Janney Montgomery Scott LLC increased its position in shares of FIGS by 23.6% in 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 in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Price Performance

FIGS opened at $6.51 on Friday. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98. The stock has a market cap of $1.11 billion, a P/E ratio of 59.14, a P/E/G ratio of 82.93 and a beta of 1.42. The stock’s 50 day simple moving average is $5.40 and its 200 day simple moving average is $5.45.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. FIGS had a return on equity of 6.12% and a net margin of 4.07%. The business had revenue of $119.29 million during the quarter, compared to analysts’ expectations of $117.38 million. During the same quarter last year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts expect that FIGS will post 0.03 EPS for the current fiscal 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.