Millennium Management LLC Has $3.32 Million Holdings in FIGS, Inc. (NYSE:FIGS)

Millennium Management LLC increased its stake in FIGS, Inc. (NYSE:FIGS) by 296.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 623,536 shares of the company’s stock after purchasing an additional 466,252 shares during the period. Millennium Management LLC owned approximately 0.37% of FIGS worth $3,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of FIGS by 321.5% in the 4th quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after purchasing an additional 2,345,994 shares during the period. ProShare Advisors LLC raised its holdings in FIGS by 26.6% in the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after acquiring an additional 161,249 shares during the period. Applied Fundamental Research LLC raised its holdings in FIGS by 25.8% in the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $12,427,000 after acquiring an additional 511,794 shares during the period. Rice Hall James & Associates LLC bought a new position in FIGS in the 2nd quarter valued at about $3,856,000. Finally, Vanguard Group Inc. raised its holdings in FIGS by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after acquiring an additional 206,673 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Heather L. Hasson sold 40,149 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total transaction of $228,849.30. Following the transaction, the insider now owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 43,586 shares of company stock valued at $249,902 in the last quarter. Corporate insiders own 22.30% of the company’s stock.

FIGS Stock Performance

FIGS stock opened at $6.66 on Tuesday. FIGS, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $7.98. The stock has a market cap of $1.13 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 83.73 and a beta of 1.43. The firm’s 50-day simple moving average is $5.89 and its 200 day simple moving average is $5.54.

FIGS (NYSE:FIGS) last posted 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 analyst estimates of $142.25 million. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. As a group, analysts predict that FIGS, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FIGS shares. The Goldman Sachs Group increased their target price on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of FIGS in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.40.

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.