453,557 Shares in FIGS, Inc. $FIGS Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in FIGS, Inc. (NYSE:FIGS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 453,557 shares of the company’s stock, valued at approximately $6,286,000. Jefferies Financial Group Inc. owned approximately 0.27% of FIGS as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of FIGS in the second quarter valued at approximately $41,000. Sterling Capital Management LLC boosted its holdings in FIGS by 848.2% during the third quarter. Sterling Capital Management LLC now owns 3,167 shares of the company’s stock worth $44,000 after purchasing an additional 2,833 shares during the last quarter. IFP Advisors Inc boosted its holdings in FIGS by 120.2% during the second quarter. IFP Advisors Inc now owns 4,389 shares of the company’s stock worth $45,000 after purchasing an additional 2,396 shares during the last quarter. State of Alaska Department of Revenue bought a new position in FIGS in the third quarter valued at $116,000. Finally, SBI Securities Co. Ltd. grew its position in FIGS by 11,872.9% in the third quarter. SBI Securities Co. Ltd. now owns 14,128 shares of the company’s stock valued at $196,000 after purchasing an additional 14,010 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity

In other news, CEO Catherine Spear sold 4,044,284 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $19.70, for a total value of $79,672,394.80. Following the sale, the chief executive officer directly owned 1,671,854 shares of the company’s stock, valued at approximately $32,935,523.80. This represents a 70.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sarah Oughtred sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $21.92, for a total transaction of $1,972,800.00. Following the completion of the sale, the chief financial officer owned 954,007 shares of the company’s stock, valued at $20,911,833.44. This trade represents a 8.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 27.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIGS. Roth Capital reissued a “buy” rating on shares of FIGS in a research report on Friday, August 7th. KeyCorp raised their price objective on FIGS from $20.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 6th. Barclays lifted their target price on FIGS from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, November 3rd. Wall Street Zen lowered FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. Finally, Oppenheimer upped their target price on FIGS from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, FIGS presently has an average rating of “Moderate Buy” and an average target price of $21.62.

FIGS Trading Down 2.9%

NYSE:FIGS opened at $22.73 on Friday. The stock has a market capitalization of $3.78 billion, a PE ratio of 59.81 and a beta of 1.05. FIGS, Inc. has a 1-year low of $8.95 and a 1-year high of $23.76. The firm has a fifty day simple moving average of $16.92 and a 200 day simple moving average of $13.86.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $190.69 million for the quarter, compared to analyst estimates of $182.82 million. FIGS had a net margin of 9.67% and a return on equity of 14.65%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities analysts predict that FIGS, Inc. will post 0.35 earnings per share for the current fiscal year.

About FIGS

FIGS, Inc. designs and sells apparel and accessories for healthcare professionals. Its products include scrubs, underscrubs, lab coats, outerwear, footwear, compression socks and other work-related accessories, with an emphasis on functional design and performance fabrics. The company primarily sells through its e-commerce platform, serving healthcare workers in the United States and internationally. Its offerings are aimed at professionals across a range of medical roles and care settings. FIGS was founded in 2013 by Heather Hasson and Trina Spear.