FIGS (NYSE:FIGS) Reaches New 1-Year Low at $4.73

Shares of FIGS, Inc. (NYSE:FIGS) reached a new 52-week low during trading on Tuesday . The company traded as low as $4.73 and last traded at $4.81, with a volume of 489573 shares traded. The stock had previously closed at $4.75.

Analyst Ratings Changes

FIGS has been the topic of several research reports. Oppenheimer downgraded shares of FIGS from an “outperform” rating to a “market perform” rating in a report on Friday, March 8th. The Goldman Sachs Group dropped their target price on shares of FIGS from $6.75 to $4.85 and set a “sell” rating on the stock in a research report on Thursday, February 29th. Barclays lowered their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Finally, Telsey Advisory Group lowered shares of FIGS from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $11.00 to $6.00 in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.21.

FIGS Stock Performance

The company has a 50 day moving average price of $5.69 and a 200 day moving average price of $6.17. The firm has a market cap of $844.46 million, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 3.46 and a beta of 1.50.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $149.09 million. During the same period last year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts forecast that FIGS, Inc. will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total transaction of $87,321.48. Following the sale, the chief financial officer now directly owns 409,858 shares in the company, valued at $2,270,613.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Daniella Turenshine sold 15,762 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total value of $87,321.48. Following the sale, the chief financial officer now directly owns 409,858 shares in the company, valued at $2,270,613.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Heather L. Hasson sold 27,547 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total value of $163,353.71. Following the completion of the sale, the insider now directly owns 499,308 shares in the company, valued at approximately $2,960,896.44. The disclosure for this sale can be found here. Insiders have sold 53,535 shares of company stock worth $311,528 over the last ninety days. Corporate insiders own 21.40% of the company’s stock.

Institutional Trading of FIGS

Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in FIGS by 86.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,614 shares of the company’s stock worth $27,000 after purchasing an additional 2,144 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of FIGS during the fourth quarter worth about $33,000. MetLife Investment Management LLC acquired a new stake in shares of FIGS during the first quarter worth about $51,000. Lazard Asset Management LLC increased its holdings in shares of FIGS by 158.9% in the 4th quarter. Lazard Asset Management LLC now owns 8,286 shares of the company’s stock valued at $55,000 after acquiring an additional 5,085 shares during the period. Finally, Front Street Capital Management Inc. acquired a new position in FIGS in the first quarter valued at $66,000. 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.