Grandeur Peak Global Advisors LLC Buys 13,432 Shares of FIGS, Inc. (NYSE:FIGS)

Grandeur Peak Global Advisors LLC lifted its stake in shares of FIGS, Inc. (NYSE:FIGS) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,388 shares of the company’s stock after acquiring an additional 13,432 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in FIGS were worth $365,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FIGS. Bamco Inc. NY increased its stake in shares of FIGS by 2.0% in the first quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock worth $128,145,000 after purchasing an additional 516,496 shares during the period. Price T Rowe Associates Inc. MD increased its position in FIGS by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after buying an additional 4,038 shares during the period. Quadrature Capital Ltd acquired a new position in shares of FIGS during the first quarter worth approximately $129,000. Vanguard Group Inc. boosted its position in shares of FIGS by 1.7% in the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after acquiring an additional 206,673 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of FIGS by 26.6% in the first quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock worth $3,817,000 after acquiring an additional 161,249 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

FIGS Trading Down 0.3 %

NYSE:FIGS traded down $0.02 during mid-day trading on Wednesday, hitting $6.60. The company’s stock had a trading volume of 1,395,004 shares, compared to its average volume of 3,654,432. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 59.55, a P/E/G ratio of 88.67 and a beta of 1.42. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98. The stock has a fifty day moving average of $5.48 and a 200-day moving average of $5.46.

FIGS (NYSE:FIGS) last issued its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.01 EPS. FIGS’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts anticipate that FIGS, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FIGS shares. Roth Mkm cut their target price 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 target price on FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of FIGS in a report on Thursday, June 13th. Finally, Bank of America reissued an “underperform” rating and set a $4.50 price objective (down previously from $8.50) on shares of FIGS in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, FIGS currently has a consensus rating of “Hold” and a consensus target price of $5.30.

Insider Activity

In related 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 completion of the sale, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 32,649 shares of company stock worth $161,206. Corporate insiders own 22.30% 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.