LGT Fund Management Co Ltd. bought a new position in shares of FIGS, Inc. (NYSE:FIGS – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 268,200 shares of the company’s stock, valued at approximately $3,961,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new stake in FIGS during the 4th quarter valued at about $45,000. Quarry LP boosted its holdings in shares of FIGS by 1,876.3% during the 3rd quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after purchasing an additional 7,449 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of FIGS in the second quarter valued at approximately $61,000. Walleye Capital LLC acquired a new stake in shares of FIGS in the second quarter valued at approximately $65,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of FIGS in the fourth quarter valued at approximately $69,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
FIGS Price Performance
FIGS traded down $0.29 during trading hours on Friday, reaching $10.04. The company’s stock had a trading volume of 1,871,102 shares, compared to its average volume of 3,175,379. FIGS, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $17.48. The stock has a market cap of $1.68 billion, a PE ratio of 45.62 and a beta of 1.01. The business’s 50-day moving average is $11.78 and its 200-day moving average is $12.69.
Insiders Place Their Bets
In related news, CFO Sarah Oughtred sold 23,597 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $14.33, for a total transaction of $338,145.01. Following the completion of the sale, the chief financial officer directly owned 1,129,791 shares of the company’s stock, valued at approximately $16,189,905.03. This trade represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $14.33, for a total value of $464,077.05. Following the sale, the chairman directly owned 1,433,807 shares of the company’s stock, valued at $20,546,454.31. The trade was a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.06% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on FIGS shares. Oppenheimer raised FIGS from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Friday, March 20th. BTIG Research reiterated a “buy” rating and set a $20.00 price target on shares of FIGS in a report on Friday, April 24th. Zacks Research cut shares of FIGS from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings lowered shares of FIGS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley raised their price objective on shares of FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, FIGS currently has an average rating of “Moderate Buy” and a consensus target price of $15.93.
Get Our Latest Analysis on FIGS
FIGS Profile
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.
Featured Articles
- Five stocks we like better than FIGS
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Want to see what other hedge funds are holding FIGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FIGS, Inc. (NYSE:FIGS – Free Report).
Receive News & Ratings for FIGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FIGS and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.jpg){kind=logo}
