Calamos Advisors LLC Invests $730,000 in FIGS, Inc. $FIGS

Calamos Advisors LLC acquired a new position in shares of FIGS, Inc. (NYSE:FIGS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 49,448 shares of the company’s stock, valued at approximately $730,000.

Several other hedge funds have also recently added to or reduced their stakes in FIGS. Marshall Wace LLP grew its holdings in FIGS by 66.2% in the 4th quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock valued at $48,824,000 after buying an additional 1,712,610 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of FIGS by 2,139.7% during the second quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after buying an additional 1,249,091 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of FIGS by 9.0% during the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after buying an additional 1,144,962 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of FIGS by 940.7% in the second quarter. Squarepoint Ops LLC now owns 924,092 shares of the company’s stock valued at $5,212,000 after acquiring an additional 835,300 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of FIGS in the first quarter valued at approximately $3,199,000. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other FIGS news, CFO Sarah Oughtred sold 23,597 shares of FIGS stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $14.33, for a total transaction of $338,145.01. Following the sale, the chief financial officer directly owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $14.33, for a total value of $464,077.05. Following the completion of the sale, the chairman owned 1,433,807 shares in the company, valued at approximately $20,546,454.31. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 27.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FIGS has been the topic of several research analyst reports. Zacks Research downgraded shares of FIGS from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings downgraded shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. BTIG Research restated a “buy” rating and issued a $20.00 price target on shares of FIGS in a research report on Friday, April 24th. Oppenheimer upgraded shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, March 20th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of FIGS in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, FIGS presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.93.

FIGS Stock Performance

Shares of FIGS stock opened at $10.29 on Friday. The firm has a fifty day moving average of $11.39 and a 200-day moving average of $12.64. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 46.79 and a beta of 1.01. FIGS, Inc. has a 52-week low of $5.81 and a 52-week high of $17.48.

FIGS (NYSE:FIGS) last issued its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. FIGS had a net margin of 6.10% and a return on equity of 9.69%. FIGS’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, sell-side analysts predict that FIGS, Inc. will post 0.26 earnings per share for the current year.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.