FIGS (NYSE:FIGS) CFO Sells $156,991.68 in Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 10,872 shares of FIGS stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $14.44, for a total transaction of $156,991.68. Following the transaction, the chief financial officer owned 1,153,388 shares of the company’s stock, valued at approximately $16,654,922.72. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarah Oughtred also recently made the following trade(s):

• On Thursday, February 5th, Sarah Oughtred sold 22,690 shares of FIGS stock. The stock was sold at an average price of $10.56, for a total transaction of $239,606.40.
• On Wednesday, January 7th, Sarah Oughtred sold 10,515 shares of FIGS stock. The shares were sold at an average price of $11.50, for a total transaction of $120,922.50.

FIGS Stock Down 9.2%

Shares of NYSE:FIGS traded down $1.35 during trading on Monday, reaching $13.31. The stock had a trading volume of 5,731,816 shares, compared to its average volume of 3,015,660. The business has a fifty day moving average price of $13.24 and a 200-day moving average price of $10.90. The stock has a market cap of $2.21 billion, a P/E ratio of 70.05 and a beta of 1.20. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $17.48.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The business had revenue of $201.90 million during the quarter, compared to analyst estimates of $165.33 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The company’s revenue was up 33.0% on a year-over-year basis. As a group, equities analysts forecast that FIGS, Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $15.00 price objective on shares of FIGS in a research note on Friday, February 27th. KeyCorp upgraded shares of FIGS from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a research note on Friday, February 27th. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Barclays upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Oppenheimer upgraded shares of FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, FIGS presently has an average rating of “Moderate Buy” and an average target price of $13.93.

Institutional Trading of FIGS

Several institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its holdings in FIGS by 2.2% in the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after acquiring an additional 1,302,823 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in FIGS by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after acquiring an additional 1,144,962 shares in the last quarter. Vanguard Group Inc. raised its holdings in FIGS by 4.6% in the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock valued at $64,286,000 after acquiring an additional 425,189 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in FIGS by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,417,008 shares of the company’s stock valued at $29,549,000 after acquiring an additional 70,660 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in FIGS by 66.2% in the fourth quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock valued at $48,824,000 after acquiring an additional 1,712,610 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

About FIGS

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.