FIGS, Inc. (NYSE:FIGS) Receives Average Rating of “Reduce” from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.35.

A number of equities analysts have recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of FIGS in a research note on Wednesday, November 13th. The Goldman Sachs Group decreased their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays dropped their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th.

Insiders Place Their Bets

In related news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the transaction, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.30% of the company’s stock.

Hedge Funds Weigh In On FIGS

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in shares of FIGS during the fourth quarter worth approximately $43,000. Blue Trust Inc. increased its stake in FIGS by 380.0% during the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock worth $51,000 after acquiring an additional 5,864 shares during the period. Creative Planning raised its holdings in FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after acquiring an additional 1,911 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of FIGS by 787.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock valued at $950,000 after acquiring an additional 12,356 shares during the period. Finally, Lane & Associates LLC acquired a new stake in shares of FIGS during the 4th quarter worth $86,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

FIGS Stock Performance

Shares of FIGS stock opened at $5.52 on Wednesday. The firm has a market cap of $938.03 million, a PE ratio of 92.07, a P/E/G ratio of 34.14 and a beta of 1.22. The business’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $5.85. FIGS has a 52-week low of $4.30 and a 52-week high of $7.05.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $140.21 million for the quarter, compared to analyst estimates of $144.11 million. FIGS had a net margin of 1.97% and a return on equity of 2.76%. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, equities research analysts predict that FIGS will post 0.01 EPS for the current year.

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.