FIGS (NYSE:FIGS) Given New $4.75 Price Target at The Goldman Sachs Group

FIGS (NYSE:FIGS) had its price target boosted by The Goldman Sachs Group from $4.25 to $4.75 in a research report report published on Friday, Benzinga reports. They currently have a sell rating on the stock.

Several other equities analysts also recently weighed in on FIGS. Roth Mkm dropped their price target on FIGS from $7.50 to $6.75 and set a buy rating for the company in a research report on Friday, May 10th. Telsey Advisory Group reaffirmed a market perform rating and set a $6.00 price objective on shares of FIGS in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, FIGS has a consensus rating of Hold and a consensus price target of $5.40.

FIGS Trading Down 14.0 %

Shares of FIGS stock traded down $0.80 during mid-day trading on Friday, reaching $4.92. The stock had a trading volume of 11,132,687 shares, compared to its average volume of 3,747,669. The company has a market cap of $837.52 million, a P/E ratio of 44.73, a price-to-earnings-growth ratio of 86.00 and a beta of 1.42. FIGS has a 12-month low of $4.30 and a 12-month high of $7.98. The business has a 50-day simple moving average of $5.57 and a 200 day simple moving average of $5.46.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $144.23 million for the quarter, compared to the consensus estimate of $142.25 million. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Research analysts anticipate that FIGS will post 0.03 EPS for the current year.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 40,149 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the sale, the insider now owns 425,710 shares in the company, valued at $2,426,547. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 44,638 shares of company stock worth $252,720. Insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Black Creek Investment Management Inc. raised its position in FIGS by 220.3% in the second quarter. Black Creek Investment Management Inc. now owns 384,115 shares of the company’s stock valued at $2,047,000 after purchasing an additional 264,191 shares during the period. American Century Companies Inc. acquired a new stake in shares of FIGS in the second quarter valued at about $554,000. Rice Hall James & Associates LLC acquired a new stake in shares of FIGS in the second quarter valued at about $3,856,000. Headlands Technologies LLC raised its holdings in shares of FIGS by 972.2% during the 2nd quarter. Headlands Technologies LLC now owns 34,997 shares of the company’s stock valued at $187,000 after buying an additional 31,733 shares during the period. Finally, Malaga Cove Capital LLC lifted its position in FIGS by 28.3% during the 2nd quarter. Malaga Cove Capital LLC now owns 180,844 shares of the company’s stock worth $964,000 after acquiring an additional 39,928 shares in the last quarter. Institutional investors and hedge funds 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.